Frost over the World - Jim Rogers & Michael Sandel - 30 Oct 09 - Part 4
- 12 years ago
Barack Obama, the US president, plans to create a new regulatory council to watch over big financial firms and step in before they collapse. The reform plan is designed to ensure no company is ever again deemed too big to fail, and that shareholders and bondholders can no longer expect government bailouts. Investor guru, Jim Rogers, joins Sir David from Singapore to talk about the new plan.
Imagine you are the driver of an out of control trolley car hurtling at speed towards five workers who are trapped on the line. You can divert the trolley to another line where there is only one worker and save the lives of the other five but it would mean killing him. What should you do? That is the kind of question that Michael Sandel poses to his students at the phenomenally popular course he teaches at Harvard.
Imagine you are the driver of an out of control trolley car hurtling at speed towards five workers who are trapped on the line. You can divert the trolley to another line where there is only one worker and save the lives of the other five but it would mean killing him. What should you do? That is the kind of question that Michael Sandel poses to his students at the phenomenally popular course he teaches at Harvard.