CBC Radio’s The Sunday Magazine is a lively, wide-ranging mix of topical long-form conversations, engaging ideas and more. Each week, host Piya Chattopadhyay takes time for deep exploration, but also makes space for surprise, delight and fun.
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Political economist John Rapley on plummeting public faith in financial institutions
Fallout from the collapse of Silicon Valley Bank plunged the world’s financial sector into a tumultuous week of ups and downs, and the ripple effects continue, leading to worries of a looming banking crisis similar to the crash of 2008. Despite all the uncertainty, John Rapley, a Canadian political economist at the University of Cambridge, believes the global economy is not on the verge of chaos. The author of Twilight of the Money Gods: Economics as a Religion and How It All Went Wrong joins David Common to explain why stricter regulations on banks could help restore public confidence in the economy, and what Canada in particular needs to consider in the current climate.