Trust has been one of the casualties of the global financial crisis. The value of money is gradually being destroyed, savings are being expropriated to pay for the excesses of the boom years, as banks and borrowers, including governments, are being subsidised. Even the political system is being undermined as governments are “replaced” with unelected “technocratic” governments being appointed to avoid “disruptive” elections. We now have a “democracy deficit” to accompany our budget and trade deficits. Can democracy and our social system survive the end of trust?
Change from printed program: Change to the printed program: Due to ill health, Philip Adams has withdrawn from Sydney Writers’ Festival. Satyajit Das will present an author talk.
Satyajit Das (Australian)
Satyajit Das is an internationally respected expert in finance, with 33 years’ experience. He worked for the 'sell side' (banks such as Citicorp Investment Bank and Merrill Lynch), the 'buy side' (treasurer of the TNT Group) and acted as a consultant advising banks, investors, corporations and central banks throughout the world. He is the author of highly regarded books on derivatives and risk management including Extreme Money, regarded as standard reference works for professional traders.
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