Satyajit Das: The Cultural Transformation of the World of Finance (5/6)

The video discusses the role of financialization and policy from 2008 to 2011, highlighting the impact of speculation on food prices and social stability. It addresses resource limits and environmental concerns, emphasizing the global tensions leading to political changes and risks. The critique of risk management practices and the need for broader discussions on these issues are also explored.

What role did policy play in the financial system leading up to 2011?

• It stabilized the system completely.

• It played an increasingly interactive role.

• It had no significant impact.

• It played a decreasing role.

What concern did Andrew Sheng raise about the financial system?

• The system was overly reliant on renewable resources.

• The system was not using enough credit.

• The system was misusing leveraged financial instruments.

• The system was too stable.

What is a major environmental concern mentioned in the transcript?

• The stability of the financial system.

• The decrease in oil prices.

• The sustainability of environmental damage.

• The abundance of renewable resources.

How does financial speculation potentially impact food prices?

• It has no impact.

• It stabilizes food prices.

• It distorts food prices.

• It decreases food prices.

What political consequence is associated with economic instability in developed countries?

• Increased political stability.

• The rise of political extremism.

• A decrease in coalition governments.

• A reduction in social tensions.