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OU on the BBC: Reith Lectures 2009: A New Citizenship

Posted under What's On

Michael Sandel, Harvard Professor of Government, delivers this year's Reith Lectures, taking as his subject the prospects of a new politics of the common good.

05 Oct
2009

To set the scene, we host a debate about some of issues Sandel will be discussing.

First broadcast: Tuesday 23 Jun 2009 on BBC Radio 4

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Bankers' Pay

Bonita Ralph

I really like Michael Sandell's programmes, but for the first time, when he was dealing with bankers' and nurses' pay, i thought he dropped a stitch. The market issue needs to include any skewing of the market which is not about consumer choices. There is a kind of corruption built on the back of the market that allows a club of people to set their own rules about e.g. remuneration. The market alone would never allow the divergence between ordinary wealth and the current situation. Things like this - bankers' pay (when they have actually failed consumers), regimes like that of Mubarak and others - are not the result of a free market, but a distortion brought about by the fact that winning power in the market eventually enables you to largely ignore it.

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Thursday, 14th May 2009
Monday, 05th October 2009

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