Market Fundamentalism: Whose Job Is It to Fix Capitalism?

Complete video at: http://fora.tv/2010/02/17/Stephen_Green_Money_Morality_and_the_Marketplace

HSBC Bank Chairman Stephen Green addresses the concept of market fundamentalism and shares his views on the government’s role in capitalism. He contests the notion that the market is self-policing, and emphasizes the respective responsibilities of both businesses and the government in regulating commerce.


“Asia is re-taking its place on the world stage” in this century, which will require fundamental changes in the global macro-economy and global political relationships, according to HSBC Bank Chairman Stephen Green.

Discussing his new book Good Value: Reflections on Money, Morality and an Uncertain World with Asia Society President Vishakha Desai at the Asia Society’s New York Center, Green declared, “The whole center of gravity of the world is shifting from West to East.” – Asia Society

Stephen Green is Chairman of HSBC. He is a career banker, having joined The Hongkong and Shanghai Banking Corporation Limited in 1982 with responsibility for corporate planning activities. He was Group Treasurer, with responsibility for HSBC’s treasury and capital markets businesses globally from 1992 to 1998, and executive Director, Corporate, Investment Banking and Markets, from 1998 to 2003, when he was appointed Group Chief Executive. He has worked in Hong Kong, New York, the Middle East and London and has extensive international experience and knowledge of the HSBC Group.



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