Can the State Save the Economy?

As the crisis deepens, politicians are seizing back the reins with direct government intervention. Commentators have declared the end of 'neoliberalism' and the return of the state. But is state intervention the solution, or will it create new problems? This vital debate was filmed by WORLDbytes volunteers attending the Institute of Ideas, Battle for the Economy Public Summit at Goodenough College in London. The debate was led by University of Kent sociology professor and well known author Frank Furedi. Respondents, Economic Research Council Research Director Dan Lewis, Professor Erik Reinert and Wall Street Journal's European columnist Simon Nixon, raise key arguments in these edited highlights of the discussion.

Recommended Links:

• Battle for the Economy website
• FT article by Philip Stevens: The market may be bust but so is the state
• Article by Mick Hume: State-run banks won't save Britain – or even Brown
• Frank Furedi website
• Debating Matters topic guide: The UK government should impose limits on bankers' pay
• FT Article by Andrew Bounds: CBI chief sees new order in business