I tend to listen to the radio for a while before going to sleep at night, usually between 10 pm and midnight. If I happen to tune in to ABC News Radio at that time I get the BBC World Service. While some may see this as a hangover from times past, I rather rejoice in it. Just lately there have been two standouts.
1. The Reith Lectures 2009: “A New Citizenship: Professor Michael Sandel delivers four lectures about the prospects of a new politics of the common good.” I caught the tail end of the first one last night and the audience Q&A. Excellent stuff, and an encouraging perspective on what may emerge from the present troubles. The era from Reagan/Thatcher to the meltdown now feels increasingly like a passing era, not a destination, as many economists in the 1990s saw it – an age of “market triumphalism”. What Professor Sandel is advocating, however, is not the end of globalisation but a new model for the relations of market, state and people.
2. BBC Radio 4’s Analysis: Economy on the edge. There is a podcast, but a summary rather than a transcript. The summary leaves out much that was of interest in the broadcast, but gives the main outline. The panel was particularly interesting: George Soros, Willem Buiter, professor of European political economy at the London School of Economics and former member of the monetary policy committee of the Bank of England, Christine Lagarde, Minster of Economic Affairs, Industry and Employment in France, and Zhu Min, executive vice president of the Bank of China.