meta_pixel
Tapesearch Logo
The Reith Lectures

From Moral to Market Sentiments

The Reith Lectures

BBC

Society & Culture, Science, Government, Technology

4.2770 Ratings

🗓️ 2 December 2020

⏱️ 58 minutes

🧾️ Download transcript

Summary

Mark Carney’s Reith 2020 Lectures chart how we have come to esteem financial value over human value and how we have gone from market economies to market societies. He argues that this has contributed to a trio of crises: of credit, Covid and climate. And the former Bank of England Governor will outline how we can turn this around.

In this lecture, recorded with a virtual audience, he reflects that whenever he could step back from what felt like daily crisis management, the same deeper issues loomed. What is value? How does the way we assess value both shape our values and constrain our choices? How do the valuations of markets affect the values of our society?

Dr Carney argues that society has come to embody Oscar Wilde’s aphorism: “Knowing the price of everything but the value of nothing.”

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

Transcript

Click on a timestamp to play from that location

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, Louis Braille,

0:23.4

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

0:31.0

Hello, I'm Mark Carney. And in my BBC Reith lectures, I'm going to chart how we've come to esteem financial value over human values

0:39.8

and how we've been moving from market economies to market societies.

0:45.4

I'll argue that this has contributed to a series of global crises, of credit, COVID, and climate,

0:53.9

and I'll outline how we can turn this around.

0:57.9

In this first lecture, I'll consider the paradoxes of value and assess how we might find the right

1:03.8

balance between the market and the state.

1:08.8

Welcome to the 2020 BBC Reith Lectures. In this tumultuous year, our lecturer is a man who brings a truly

1:17.5

international perspective to some of the biggest global challenges facing all of us right now. In his

1:23.9

series, How We Get What We Value, he will assess how the world has come to prioritise

1:29.8

financial values over human values. He's going to argue that this has helped lead us into a

1:36.1

minefield of triple threat, credit, COVID and climate. And possibly having scared us all

1:43.2

out of our wits, he's going to suggest what we can do about it.

1:47.0

This year's lecturer has been called a rock star banker, the outstanding central banker of his generation,

1:55.0

and the man with the most comprehensive book of contacts in finance.

1:59.0

After completing a doctorate in economics, he went on to work in some of the biggest global financial institutions

...

Transcript will be available on the free plan in -1581 days. Upgrade to see the full transcript now.

Disclaimer: The podcast and artwork embedded on this page are from BBC, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of BBC and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.

Copyright © Tapesearch 2025.