Taming the Global Casino

Description

High-frequency computerized trading, in which 60% of trades are based on algorithms, has turned the marketplace into a worldwide casino. Funded by taxpayers, this use of public goods does not always benefit the public - especially when it's pension funds that are being gambled. In this program Hazel Henderson talks with Benjamin Bingham, CEO of 3Sisters Sustainable Management, about ways to reform global capital markets. Topics include negative screens, the financial transactions tax, hedge funds, naked credit default swaps, and the need for both positive-impact financial consultants and increased consumer awareness about triple-bottom-line investing.

Runtime

28 min

Series

Subjects

Genre

Date of Publication

[2013], c2012

Database

Films on Demand

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