Vince Cable hits out at Bankers

The video discusses the influence of Adam Smith on modern economics, highlighting the business secretary's unclear message about future economic policies. It examines the impact of the financial crisis on capitalism and the potential for increased government intervention. Vince Cable's views on regulation and future reforms in business are also explored, with a focus on simplifying rules rather than increasing regulation.

What historical figure is mentioned in relation to economic theories?

• Karl Marx

• John Maynard Keynes

• Milton Friedman

• Adam Smith

What was one of the reasons for the collapse of Lehman Brothers?

• Excessive government intervention

• Lack of regulation in financial markets

• High employee turnover

• Poor customer service

What is Vince Cable's proposed approach to the free market?

• Complete deregulation

• More government intervention

• Privatization of all industries

• Increased taxation

What area is the government looking to reform according to the transcript?

• Healthcare policies

• Environmental laws

• Company takeovers

• Educational curriculum

What do some critics believe about the current financial regulations?

• They are ineffective and need simplification

• They are too lenient

• They are too simple

• They are perfect as they are