Thrifty Debtors
The downturn has made everyone worry more about money. But while we may want to be thriftier, Chris Bowlby discovers why we are stuck with high personal and household debt.
The downturn's made everyone worry more about money. But while we may want to be thriftier, Chris Bowlby discovers why we're stuck with high levels of personal and household debt. Credit has become a way of life and new technology makes it ever more accessible. We know we ought to save more for, say, old age, but pensions seem distant and a dodgy investment, while the government and others are desperate to encourage revived consumer spending . Borrowing to buy houses seems to many the best financial bet. Is there an alternative approach out there?
A wide range of voices from different communities explore the mixture of hard financial fact, psychology and morality that's shaped our financial behaviour in such a turbulent few years.
Producer: Chris Bowlby
Editor: Hugh Levinson.
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Poverty vs Equality
Economic historian Deirdre McCloskey on why poverty matters more than inequality.
Escaping Credit Serfdom
Paul Mason asks whether the expansion of credit created a new form of worker exploitation
Capitalists Against the Super Rich
Edward Stourton meets the defenders of capitalism turning against the undeserving rich.
Broadcasts
- Mon 21 Jul 2014 20:30Βι¶ΉΤΌΕΔ Radio 4
- Sun 27 Jul 2014 21:30Βι¶ΉΤΌΕΔ Radio 4
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Analysis
Programme examining the ideas and forces which shape public policy in Britain and abroad.