Poddnamn: Axess TV
publicerad: 2024-10-15 16:35
Global Axess 2024 – Paul Tucker: Technology’s Challenge to the Liberal Economy
For at least two and a half centuries, technological progress and liberalism have been mutually reinforcing. This relationship began, in Western Europe, when the mass of people, released from feudal bonds, became free to sell their labour in a monetary economy. On the back of the rule of law, the merchants of commercial society became a political class. Later, the factory system of industrial society led to group rights, to an extended electoral franchise and social welfarism. All this corresponds to David Hume’s ideas on political economy, and Adam Smith’s historical insights. The next stage may well be different. The latest technology is consistent with ubiquitous state surveillance; with accumulations of concentrated private power; with a star based labour market in which remuneration for top executives clears at prices consistent only with rare success; and with persistently falling demand for the white-collar clerical jobs whose holders were once the backbone of electoral democracy. None of that is a hallmark of a resilient liberalism. Continuing to reap the benefits of a market economy while maintaining the economic, financial and political stability vital to facing the new geopolitics will require political leadership of a high order.
Sir Paul Tucker writes at the intersection of political economy and political theory. Since 2013 he has been a research fellow at the Mossavar-Rahmani Center for Business and Government at the Harvard Kennedy School, and is author of Global Discord (Princeton, 2022) and Unelected Power (Princeton, 2018). He is a senior fellow at the Center for European Studies at Harvard University; president of the UK’s National Institute for Economic and Social Research; research fellow at University College London’s political science department; a director at Swiss Re; and a Governor of the Ditchley Foundation. Prior to that, he was a central banker for over 30 years at the Bank of England and in Basel, where he was a member of the steering committee of the G20 Financial Stability Board, chaired the Committee for Payment and Settlement Systems, and was a member of the board of the Bank for International Settlements. He chaired the transatlantic Systemic Risk Council from 2016 to mid-2021.
Justin Oliver Webb is a British journalist who has worked for the BBC since 1984. He is a former BBC North America Editor and the main co-presenter of BBC one’s Breakfast News programme. Since August 2009, he has co-presented the Today programme on BBC Radio 4, and also regularly writes for the Radio Times.
Sir Paul Tucker writes at the intersection of political economy and political theory. Since 2013 he has been a research fellow at the Mossavar-Rahmani Center for Business and Government at the Harvard Kennedy School, and is author of Global Discord (Princeton, 2022) and Unelected Power (Princeton, 2018). He is a senior fellow at the Center for European Studies at Harvard University; president of the UK’s National Institute for Economic and Social Research; research fellow at University College London’s political science department; a director at Swiss Re; and a Governor of the Ditchley Foundation. Prior to that, he was a central banker for over 30 years at the Bank of England and in Basel, where he was a member of the steering committee of the G20 Financial Stability Board, chaired the Committee for Payment and Settlement Systems, and was a member of the board of the Bank for International Settlements. He chaired the transatlantic Systemic Risk Council from 2016 to mid-2021.
Justin Oliver Webb is a British journalist who has worked for the BBC since 1984. He is a former BBC North America Editor and the main co-presenter of BBC one’s Breakfast News programme. Since August 2009, he has co-presented the Today programme on BBC Radio 4, and also regularly writes for the Radio Times.
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