Bonuses in the banking sector are at an all-time high even as the system teeters on the edge of collapse. How are we to combat the culture of rewards for failure, without negatively affecting growth in the economy? The policy solutions are there, but are we re brave enough to take them?
Matthew Hancock is an MP for West
Suffolk. He was previously an economist at the Bank of England and
a senior economic adviser and Chief of Staff to George Osborne.
He
is the author ofMasters of
Nothing: The Crash and how it will happen again unless we understand human
nature.
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Though I only made it half way through the video in economics class, the speaker makes some very valid points on learning from our mistakes and moving forward in the current economical climate. Magnetic Toolbox Labels