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The Reith Lectures

From Covid Crisis to Renaissance

The Reith Lectures

BBC

Society & Culture, Science, Government, Technology

4.2770 Ratings

🗓️ 16 December 2020

⏱️ 58 minutes

🧾️ Download transcript

Summary

Mark Carney, the former Governor of the Bank of England, observes that the pandemic has forced states to confront how we value health, wealth and opportunity. During the first few months of the crisis, most states chose to value human life more than the economic well-being of the nation-state. But if that seems to be changing how do we assess value in this sense?

Dr Carney elucidates surprising differences in the financial value put on a human life in different nations – and goes on to argue that this reductionist approach fails to take into account deeper thinking about the worth of human existence.

Presenter: Anita Anand Producer: Jim Frank Editor: Hugh Levinson

Transcript

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0:00.0

Hi, it's Nicola Cocklin.

0:02.8

Young people have been making history for years, but we don't often hear about them.

0:06.6

My brand new series on BBC Sounds sets out to put this right.

0:10.6

In history's youngest heroes, I'll be revealing the fascinating stories of 12 young people

0:16.0

who've played a major role in history and who've helped shape our world.

0:19.8

Like Audrey Hepburn, Nelson Mandela,

0:22.5

Louis Braille and Lady Jane Grey, history's youngest heroes with me, Nicola Cochlin. Listen on BBC Sounds.

0:30.7

Hello, I'm Mark Carney. And in my BBC Reef lectures, I'm going to chart how we've come to

0:36.7

esteem financial value over human

0:38.7

values and how we've been moving from market economies to market societies. I'll argue that this

0:46.1

has contributed to a series of global crises of credit, COVID, and climate, and I'll outline how we can turn this around.

0:57.2

In my third lecture, I'm going to look at the impact of the pandemic and analyze how the

1:03.1

COVID crisis is forcing us to confront fundamental questions about how we value health,

1:09.3

wealth, and opportunity.

1:11.6

Welcome to the third of the 2020 BBC Reith Lectures with the former governor of the Bank of England, Mark Carney.

1:21.6

Now, in his series, how do we get what we value? He is discussing how putting financial values above everything else

1:29.8

has contributed to many of the biggest problems that we're facing today, including crises in

1:35.6

credit, climate, and in this, his third lecture, COVID too. The pandemic, he observes, has

1:43.4

forced nation states to confront just how we value health,

1:47.9

wealth and opportunity, apparently forcing governments to choose between the life of its citizens

1:53.7

and the lifeblood of the economy. Now, Mark's going to argue that this is a false dichotomy

1:59.7

and that we should be moving beyond a narrow and a financially driven reaction to COVID-19.

...

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