In this talk, Dr Clara E. Mattei discusses her new book The Capital Order. For more than a century, governments have resorted to the economic policies of austerity—rise in interest rates, privatisation, cuts to wages and public benefits. While these policies have been successful in appeasing creditors, they’ve had devastating effects on social and economic welfare in countries all over the world. Today, as austerity remains a favoured policy among troubled states, an important question remains: What if solvency was never really the goal?
This talk is chaired by IIPP’s Prof Mariana Mazzucato with Dr Alberto Botta as discussant followed by questions from the audience.