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Why the 2008 Financial Crisis Is Still With Us - Bailouts, Austerity and the Crisis of Democracy

14 May 2024, 5:30 pm–7:00 pm

Why the 2008 Financial Crisis Is Still With Us--Bailouts, Austerity and the Crisis of Democracy with Damon Silvers at ¹û¶³Ó°Ôº IIPP

This event is free.

Event Information

Open to

All

Availability

Yes

Cost

Free

Organiser

IIPP Comms

Location

¹û¶³Ó°Ôº Institute for Innovation and Public Purpose
11 Montague Street
London
WC1B 5BP
United Kingdom

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This discussion was held on Tuesday 14th May from 17:30-19:00 BST in person at ¹û¶³Ó°Ôº IIPP or online viaÌýZoom.

Building on the previous lecture exploring the roots of the 2008 financial crisis, this talk will look at the long term consequences of the crisis and both the political and economic policy response. It will focus on the combination of bailout, austerity and quantitative easing, as well as the price of those policies in terms of economic performance and political stability.Ìý

To conclude this discussion on the 2008 financial crash and the crisis in neoliberal economics, the lecture will explore the intellectual opening the crisis created and the ideas that have stemmed from it.

The lecture will be presented by ProfessorÌýDamon Silvers, Visiting Professor of Practice at ¹û¶³Ó°Ôº IIPP andÌýFormer Deputy Chair of theÌýUS Congressional Oversight Panel for Troubled Asset Relief Program.

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Read more about the IIPP lectureÌýseries 2024

About the Speaker

Professor Damon Silvers

Visiting Professor in Labour Markets and Innovation at ¹û¶³Ó°Ôº Institute for Innovation and Public Purpose

Professor Damon Silvers
Damon SIlvers has been a Visiting Professor at IIPP since 2019. Professor Silvers was the Policy Director of the AFL-CIO, the U.S. labour federation from 2009-2019, and Senior Strategic Advisor and Special Counsel to the President of the AFL-CIO from 2019 to 2022. Professor Silvers continues to serve as an external advisor to the U.S. labour movement.

Professor Silvers was a member of the Biden-Harris Administration transition teams for Financial Regulatory Agencies and for the Treasury Department in 2020-2021, and served as the Deputy Chair of the U.S. Congressional Oversight Panel for the Troubled Asset Relief Program, commonly known as the Bank Bailout, from 2008-2011. He has helped represent the U.S. labour movement at the UN COP, the OECD and the G-20 on numerous occasions, and has published extensively on financial regulation, labor law and public investment issues. Damon is also a Visiting Professor at the University of Newcastle.

Professor Silvers earned his Doctor of Laws from Harvard Law School with honors, his Masters of Business Administration from Harvard Business School with high honors and is a Baker Scholar, and received his bachelors degree from Harvard College with highest honors. He also read history at Kings College, Cambridge.

More about Professor Damon Silvers