The Fifth Estate: End of Growth?
In this heated discussion about the benefit and sustainability of economic growth, host Sally Warhaft is joined by risk analyst and author Satyajit Das, and economist, author, and former senior economic adviser to Prime Minister Rudd, Andrew Charlton.
Has economic growth become the universal solution for all our problems? Can governments and banks solve the global financial crisis, combat climate change and improve living standards without damaging the environment and depending on debt? As Australia adjusts to its ‘two-speed’ economy and a tax on carbon, can the promise of unending growth really deliver?
Satyajit Das is a globally respected former banker and consultant with over 35 years’ experience in financial markets. He presciently anticipated the Global Financial Crisis as early as 2006, and the subsequent sovereign debt problems, the unsustainable nature of China’s economic success, and the ineffectiveness of the policy actions being taken by authorities in restoring growth. In 2012, he identified the dangers of Australia's excessive reliance on an unsustainable commodity boom. In 2014, Bloomberg nominated him as one of the fifty most influential financial thinkers in the world.
Das is the author of two international bestsellers, Traders, Guns & Money: Knowns and Unknowns in the Dazzling World of Derivatives (2006) and Extreme Money: The Masters of the Universe and the Cult of Risk (2011). He was featured in Charles Ferguson’s 2010 Oscar-winning documentary Inside Job, the 2012 PBS Frontline series Money, Power & Wall Street, the 2009 BBC TV documentary Tricks with Risk, and the 2015 German film Who’s Saving Whom. His most recent book is A Banquet of Consequences (2015).
Sally Warhaft is a Melbourne broadcaster, anthropologist and writer. She hosts the Fifth Estate, the Wheeler Centre’s live series focusing on journalism, politics, media, and international relations, now in its ninth year. She is a former editor of the Monthly magazine and the author of the bestselling book Well May We Say: The Speeches that Made Australia.
Sally is a regular host and commentator on ABC radio and has a PhD in anthropology. She did her fieldwork in Mumbai, India, living by the seashore with the local fishing community.
Andrew Charlton was senior economic adviser to the Prime Minister from 2008 to 2010.