Paul Mason: The financial market, which actually exists, is rigged and unfree. We have seen in three boom and bust cycles that crucial information is hoarded to the benefit of some and the destruction of others. A complex financial market forms the basis for lower risk, higher velocity capitalism. Complexity mitigates risk; regulatory intervention can only have a negative effect on the efficiency of the market. Ein Rand specifically added to this theory, which is an emotional commitment to amorality and inequality.
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In this episode we take a look back to an Intelligence Squared debate recorded in 2009. As the British economy has been plunged into uncertainty in the past week, many have become sceptical of new Prime Minister Liz Truss's plans for financial growth. But what did people have to say in 2009 about the balance between market and state? Chaired by the impressionist and comedian Rory Bremner, we hear from journalist Paul Mason, economist Stephen King, political scientist Ian Bremmer and the 19th prime minister of Canada Kim Campbell.
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