The End of Growth? A CIS Talk by the author, Satyajit Das
Satyajit Das will discuss his book, Extreme Money: The Masters of the Universe and the Cult of Risk, at a special CIS event investigating the causes of the global financial crisis.
Growth underpins our economic and financial system. The GFC was never over! The “recovery” was based not on dealing with fundamental problems but an official policy of “extend and pretend” as policy makers everywhere sought a “cheap” money and spending fuelled return to the past. But we have reached the end of “extreme money” – a period of aggressive financialisation entailing a rapid build up of debt and risk. The world is entering a period of low growth and high volatility. The question is: Can we cope?