Why the 2008 Financial Crisis Is Still With Us - Bailouts, Austerity and the Crisis of Democracy
Why the 2008 Financial Crisis Is Still With Us - Bailouts, Austerity and the Crisis of Democracy
14 May 2024, 17:30 – 19:00
This discussion was held on Tuesday 14th May from 17:30-19:00 BST in person at UCL IIPP or online via Zoom.
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.
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 Professor Damon Silvers, Visiting Professor of Practice at UCL IIPP and Former Deputy Chair of the US Congressional Oversight Panel for Troubled Asset Relief Program.
Visiting Professor in Labour Markets and Innovation
UCL Institute for Innovation and Public Purpose
[[{"fid":"12533","view_mode":"small","fields":{"height":"320","width":"320","class":"media-element file-small","format":"small","alignment":"left","field_file_image_alt_text[und][0][value]":"Professor Damon Silvers","field_file_image_title_text[und][0][value]":"","field_caption_heading[und][0][title]":"","field_caption_heading[und][0][url]":"","field_caption[und][0][value]":"","field_float_left_right[und]":"none","field_file_image_decorative[und]":"0"},"type":"media","field_deltas":{"1":{"height":"320","width":"320","class":"media-element file-small","format":"small","alignment":"left","field_file_image_alt_text[und][0][value]":"Professor Damon Silvers","field_file_image_title_text[und][0][value]":"","field_caption_heading[und][0][title]":"","field_caption_heading[und][0][url]":"","field_caption[und][0][value]":"","field_float_left_right[und]":"none","field_file_image_decorative[und]":"0"}},"attributes":{"height":"320","width":"320","class":"media-element file-small media-wysiwyg-align-left"}}]]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.