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Description
According to conventional wisdom, today's global financial crisis happened because markets were not regulated enough. But what if the opposite is true? That it was excessive government meddling in ...the markets that caused the crash? Stephanie Flanders examines the extraordinary influence of three intellectual titans - Keynes, Hayek and Marx and shows how they shaped the 20th century and continue to have a huge impact on our world today. Karl Marx's ideas left an indelible stamp on the lives of billions of people and the world we live in today. As the global financial crisis continues on its destructive path, some are starting to wonder if he was right. Marx argued that capitalism is inherently unfair and therefore doomed to collapse, so it should be got rid of altogether. Today as the gap between rich and poor continues to cause tension, his ideas are once again being taken seriously at the heart of global business. Stephanie travels from Marx's birthplace to a former communist regime detention centre in Berlin and separates his economic analysis from what was carried out in his name. She asks what answers does Marx provide to the mess we are all in today.
According to conventional wisdom, today's global financial crisis happened because markets were not regulated enough. But what if the opposite is true? That it was excessive government meddling in ...the markets that caused the crash? Stephanie Flanders examines the extraordinary influence of three intellectual titans - Keynes, Hayek and Marx and shows how they shaped the 20th century and continue to have a huge impact on our world today. Karl Marx's ideas left an indelible stamp on the lives of billions of people and the world we live in today. As the global financial crisis continues on its destructive path, some are starting to wonder if he was right. Marx argued that capitalism is inherently unfair and therefore doomed to collapse, so it should be got rid of altogether. Today as the gap between rich and poor continues to cause tension, his ideas are once again being taken seriously at the heart of global business. Stephanie travels from Marx's birthplace to a former communist regime detention centre in Berlin and separates his economic analysis from what was carried out in his name. She asks what answers does Marx provide to the mess we are all in today.
| Series: | Masters of money |
|---|---|
| First transmission date: | 01-10-2012 |
| Original broadcast channel: | BBC2 |
| Published: | 2012 |
| Rights Statement: | |
| Restrictions on use: | |
| Duration: | 00:58:58 |
| + Show more... | |
| Producer: | Will Yearsley |
| Presenter: | Stephanie Flanders |
| Contributors: | Tariq Ali; Stephanie Flanders; David Harvey; Peter Hitchens; Tristram Hunt; Martin Jacques; Clieve Juritza; Gavin Kelly; Mervyn King; Nigel Lawson; George Magnus; John Micklethwait; PJ O'Rourke; Madsen Pirie; Raghuram Rajan; Nouriel Roubini; Andy Smith; Joseph Stiglitz; Slavoj Zizek |
| Publisher: | BBC Open University |
| Link to related site: | BBC Website: http://www.bbc.co.uk/programmes/b01mzqw9 OU Website: http://www.open.edu/openlearn/whats-on/tv/ou-on-the-bbc-masters-money |
| Production number: | FKAY812S |
| Videofinder number: | 82900 |
| Available to public: | no |
