Streams

Money Makes the World Go Round

Wednesday, June 02, 2010

Since the global financial meltdown began in 2008, governments around the world have tried to find new ways to strengthen market regulations, with varying degrees of success. 

Hal S. Scott, Nomura Professor and Director of the Program of International Financial Systems at Harvard Law School, explains why countries like Germany and the United States are developing dramatically different regulations in response to the economic meltdown.

Guests:

Hal S. Scott

Comments [5]

charles Harris from island heights nj.

One great contribution would be to make computer games educational.

Jun. 02 2010 12:59 PM
Gerald Fnord from Beautiful Palos Verdes,CA

Communism, which was supposed to (even in its socialism-building-communism phase) supposed to be good for the workers, turned out to be a social system in which disproportionate power and privilege were held by the Communists.

In America, Capitalism is a social system in which disproportionate power and privilege are held by capitalists. It's not like that in the more civilised parts of Europe, yet, but the temptation is there---for the rich.

Jun. 02 2010 12:30 PM
Phil Henshaw from uptown

It's completely astounding that Professor Scott is an expert in world markets and has not had it occur to him that strains in markets are distributed globally!!! **Of course** all these crises are inter-connected!

One of the big connections is that investors the world over pull their money out of any institution that does not provide them continually multiplying returns. That makes the "flight to safety" we see jumping from one place to the next truly vicious in it's effects.

I'll leave it there. There are LOTS of others

Jun. 02 2010 12:19 PM
Steve from Brooklyn

We hear the regulation in the US will hurt New York by pushing finance jobs overseas. Will international regulation coordination help prevent jobs from moving from NYC? Is so, is that connect to Obama as a strong international figure?

Jun. 02 2010 12:11 PM
Mike

We will put in place regulations only to get rid of them within 30 years becuase things will be different....only to have another crash

Jun. 02 2010 12:11 PM

Leave a Comment

Email addresses are required but never displayed.

Get the WNYC Morning Brief in your inbox.
We'll send you our top 5 stories every day, plus breaking news and weather.