King spoke about his new book entitled “The End of Alchemy - Banking, the Global Economy and the Future of Money”.
Unlike aeroplane crashes, financial crises have become more, not less frequent.— Mervyn King, former Governor of the Bank of England
Description on Amazon:
The past 20 years saw unprecedented growth and stability, followed by the worst financial crisis the industrialised world has ever witnessed.
In the space of little more than a year what had been seen as the age of wisdom was viewed as the age of foolishness.
Almost overnight, belief turned into incredulity.
Most accounts of the recent crisis focus on the symptoms and not the underlying causes of what went wrong.
But those events, vivid though they remain in our memories, comprised only the latest in a long series of financial crises since our present system of commerce became the cornerstone of modern capitalism.
“The End of Alchemy” explains why, ultimately, this was, and remains, a crisis not of banking (even if we need to reform the banking system) nor of policy-making (even if mistakes were made) - but of ideas.
In this refreshing, and vitally important book, former governor of the Bank of England Mervyn King - an actor in this drama - proposes revolutionary new concepts to answer the central question:
Are money and banking a form of alchemy or are they the Achilles heel of a modern capitalist economy?
Listen to the audio for more detail.
Recommendedby NEWSROOM AI
Bruce Whitfield interviews Simon Dingle (“In Math We Trust: Bitcoin, Cryptocurrency and the Journey To Being Your Own Bank”).
Ian Mann on “Dying for a Paycheck: How Modern Management Harms Employee Health and Company Performance..." by Jeffrey Pfeffer.
Bruce Whitfield interviews Dragons' Den Judge Vusi Thembekwayo, author of “The Magna Carta of Exponentiality”.
Bruce Whitfield interviews Insights Publicis Nigeria CEO Feyi Olubodun, author of “The Villager: How Africans Consume Brands”.
Allon Raiz on “Barking up the Wrong Tree: The Surprising Science behind Why Everything You Know about Success Is (Mostly) Wrong”.
Bruce Whitfield interviews Claire Bisseker, author of “On the Brink: South Africa’s Political and Fiscal Cliff-Hanger”.
He was punched in the face by a motorist last week and tracked the driver down for a meet-up, instead of laying charges.
EWN Reporter Barry Batemen says eight people including two bystanders were hurt in the heist.
The world now knows never to underestimate the athletic form of SA cricketer AB de Villiers after this gravity-defying catch.
It's time to dim the light, lie back, relax and enjoy a bit of one-on-one time - with yourself!
Another heist was carried out in Boksburg on Thursday morning and led to five people being arrested.
Paralympian Hendri Herbst will take Durbanville Hills to court after his guide dog was denied entry inside the restaurant in 2014.
The eradication of medical aid co-payments is one of a number of changes to the medical aid scheme proposed by Aaron Motsoaledi.
What's Gone Viral with Khabazela brings you tweets, posts and YouTube videos that have social media talking.