"Economic growth is held back by industries where established interests are so powerful that disruptive innovation can be staved off for ever. Financial services is probably one" - John Kay
Politicians, civil servants and regulators are obsessing about what to do about the UK's unhealthy, unsatisfactory banking system. Many of their efforts seem like stop-gap measures and short-term fixes. Is it time for bolder steps?
At this event, Nicholas Gruen, one of Australia's most original and influential economists, presented a radical, thoughtful solution, that puts the Central Bank directly at the service of its citizens.
Nick Gruen is CEO of Lateral Economics. He has advised the Australian government in a number of capacities. He is chairman of the Australian Centre for Social Innovation, and Online Opinion, and was founding chairman of Kaggle.