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Anne Case And Angus Deaton On A New Vision For Capitalism

Two leading economists explain why it’s essential we create a more equitable economic model in the wake of the current pandemic

Each year hundreds of thousands of Americans die as a result of drug abuse, alcoholism or suicide – and the numbers are rising. This has contributed to a fall in life expectancy in the past three years, reversing a trend towards increased life expectancy that began in 1918. In their acclaimed new book, Deaths of Despair and the Future of Capitalism, economists Anne Case and Angus Deaton have identified a culprit for these ‘deaths of despair’: capitalism – or at least some aspects of it.

Case and Deaton – who has won the Nobel Prize for Economics – argue that our current economic system has so privileged the college-educated that it has left behind an entire working class strand of American society that will only become more impoverished, disenfranchised and despairing.

The COVID-19 pandemic has made things worse. Deaton is leading a study of inequality in Britain and the data already clearly shows the pandemic has further widened the gap between rich and poor. ‘As the vaccines should, at some point this year, take us into a world largely free of the pandemic, it is imperative to think about policies that will be needed to repair the damage and that focus on those who have suffered the most.’

Hear these two leading economists make their case for why it’s essential we create a more equitable economic model in the wake of the current pandemic.


Speakers

SPEAKERS

Dr Anne Case

Leading authority on the links between economic status and health outcomes


Leading authority on the links between economic status and health outcomes. She is Alexander Stewart 1886 Professor of Economics and Public Affairs, Emeritus at Princeton University, where she is the Director of the Research Program in Development Studies. She currently serves on the President's Committee on the National Medal of Science and the Committee on National Statistics. 

Professor Sir Angus Deaton

Winner of the 2015 Nobel Prize in Economics and one of the world's foremost experts on the economics of wellbeing, health, and poverty


Winner of the 2015 Nobel Prize in Economics and one of the world's foremost experts on the economics of wellbeing, health, and poverty. He is known for his groundbreaking use of household data analysis to establish links between individual human behaviours and societal outcomes. He is a Senior Scholar and the Dwight D. Eisenhower Professor of Economics and International Affairs Emeritus at the Woodrow Wilson School of Public and International Affairs and the Economics Department at Princeton University and has taught at Cambridge University and the University of Bristol.
Chair

Francine Lacqua

Award-winning London-based anchor for Bloomberg Television


Award-winning London-based anchor for Bloomberg Television. She co-anchors 'Bloomberg Surveillance' with Tom Keene, where she provides insight on foreign policy, global markets and the top business stories of the day. She also presents 'Leaders with Lacqua', a series where she sits down with top CEOs, entrepreneurs and public figures. Additionally, she anchors 'ETF IQ Europe' weekly.
While at Bloomberg, Lacqua has interviewed high-profile figures such as French President Emmanuel Macron, ECB President Christine Lagarde, Bank of England Governor Andrew Bailey, financier George Soros and former ECB President Mario Draghi.

 

Speakers are subject to change.