Videos of most conference sessions are posted below. For more information about each speaker, click on their name.
Privatised gains and socialised losses
In this session we asked speakers how we might avoid a repeat pattern of asset price bubbles, debt crises and costly publicly funded bailouts of private financial institutions.
Professor Richard Werner, Director of the Centre for Banking, Finance and Sustainable Development at Southampton University. His 2005 book New Paradigm in Macroeconomics correctly predicted the collapse of the UK banking system and property market.
The slides for Richard Werner’s presentation are available to download here.
The slides for Thomas’ presentation are available to download here.
Socially Useful Investment: making money work for people and planet
In this session we asked four speakers what we could do to ensure that our financial institutions create long term social and environmental value.
Slides from Tim’s presentation are available to download here.
Professor Mariana Mazzucato, Economist and Professor of Science and Technology Policy, University of Sussex
Increasing the diversity of UK banking institutions
The UK banking system is highly unusual in consisting of a small number of very large banks listed on the stock-market. In this session we asked speakers to reflect on the experience of other countries which have a more diverse range of financial institutions in their economies. The central message was that a more decentralised, diverse and localised banking model could help to deliver greater resilience, access to finance for SMEs and financial inclusion.
Professor Gary Dymski, Chair in Applied Economics, Leeds University Business School
Slides from Gary’s presentation are available to download here.
Richard Paton, Occupy
Where do our savings go? Capital markets and accountability
In this parallel session we asked four speakers how to ensure that our pensions and insurance savings serve people and planet rather than fuelling speculative bubbles and climate disaster. Moving our money is relatively easy with banks, but much harder when it comes to pensions and insurance savings. Is the burden on us to become more active and engaged economic citizens, demanding more of those who manage our money? Does government need to fundamentally change the rules by which pension providers compete? Or should we cut out the mainstream middle men altogether and seek radically new ways of investing our money?
Paul Woolley, Founder of the Paul Woolley Centre for the Study of Capital Market Dysfunctionality, LSE
Slides from Hannah’s presentation are available to download here.
Fresh thinking on debt and recovery
The mainstream debate about how to end the recession pits austerity against more public and private borrowing. In this parallel session speakers were invited to question whether these the only options. What about redirecting Quantitative Easing into the real economy, as advocated by Lord Turner? Or a modern day Debt Jubilee? How do we manage debt-cancellation now that there are complicated chains of debt between different players? Could some debts be written off as part of a transition to a new monetary system, one which is based on governments spending money into circulation debt-free, rather than banks lending money into existence as debt? And how do we prevent unpayable debts building up in future?
Professor Costas Lapavitsas, Professor of Economics at SOAS
Professor Victoria Chick, Emeritus Professor of Economics at UCL
Rehumanising Money: Innovative and ‘Bottom up’ solutions for getting finance into the right places
Much of the regulatory and policy recommendations have focused on reforming financial institutions which caused the crisis. But this fails to account for the resurgence of co-operative models of economic and financial collaboration, and peer to peer models which connect people to each other rather than via financial intermediaries. Timebanks and community exchanges allow people to trade freely and unleash underused resources. Community shares and bonds, crowd-funding and social investment platforms provide new ways of raising finance for popular projects. Could these innovative models ‘disrupt’ the system so that there is a tipping point where consumers demand greater transparency, autonomy and demonstrable social return?
Emanuela Vartolomei, Founder and Managing Director of All Street
Slides from Emma’s presentation are available to download here.
Becky Booth, Co-Founder of Spice
Louis Brooke, Co-Founder of Move Your Money, and Communications Manager for London Rebuilding Society
Michael Norton, Co-Founder and Chairman of Buzzbnk
Due to technical failure videos from this session are not available.
Final Panel Discussion
Nicola Smith, Head of the TUC’s Economic and Social Affairs Department