Beware Bankers Bearing Gifts: Is Debt Good? | Anatole Kaletsky, Stephen King, Laura Bear
The world is awash with debt. Economists argue it is essential to growth and that repayment is a legal and moral obligation. Yet from Payday lending to the debts of Greece and the Third World many see debt as unfair and unjust. Should we be less dependent on debt? Is it a trap that maintains wealth and poverty, or a gift that enables growth? Capitalism 4.0 author Anatole Kaletsky, Senior Economic Adviser at HSBC Stephen King and LSE anthropologist Laura Bear dispute morality and money.
