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When the money runs out: The End of Western Affluence

  • Jun 19, 2013 · 6:30 PM
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The Western world has experienced extraordinary economic progress throughout the last six decades, a prosperous period so extended that continuous economic growth has come to seem normal. But such an era of continuously rising living standards is an historical anomaly, economist Stephen D. King warns, and the current stagnation of Western economies threatens to reach crisis proportions in the not-so-distant future. Praised for the 'dose of realism' he provided in his book 'Losing Control', King follows up in this volume with a plain-spoken assessment of where the West stands today. It's not just the end of an age of affluence, he shows. We have made promises to ourselves that are only achievable through ongoing economic expansion. The future benefits we expect - pensions, healthcare, and social security, for example - may be larger than tomorrow's resources. And if we reach that point, which promises will be broken and who will lose out? The lessons of history offer compelling evidence that political and social upheaval are often born of economic stagnation. King addresses these lessons with a multifaceted plan that involves painful - but necessary - steps toward a stable and just economic future.

Stephen King is HSBC’s Group Chief Economist and the Bank’s Global Head of Economics and Asset Allocation research. He is directly responsible for HSBC’s global economic coverage and co-ordinates the research of HSBC economists all over the world. He is currently the top-rated global economist in the annual Extel survey.

Time:[masked]pm
Speaker: Stephen King
Chair: Professor Wouter DenHaan

The London European Club will continue the discussion in a nearby pub after Stephen King's talk.

All our events including this one are subject to the "no show" rule. To avoid becoming a "former member" please RSVP accurately.

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  • Krisztina

    missed the lecture but met some friendly members afterwards! : )

    June 22, 2013

  • Liam

    This talk exceeded my expectations - great to hear from a banker with a different view on the crisis, informed by a historical and social understanding. Great chatting to everyone at the pub afterwards. If anyone who attended the talk but didn't come to the pub has been marked no show, let me know and I'll correct the attendance.

    2 · June 20, 2013

    • Juanjo

      Learn from history and dont be stubborn, not bad advice...

      June 21, 2013

    • Liam

      Hi Lily, probably we looked like students! Glad you enjoyed the lecture and hope to see you at another event soon.

      June 22, 2013

  • Maylinne

    Glad that I went to this lecture - very enjoyable and honest. Thank you Liam for organising - well done.

    June 21, 2013

  • Milena

    Interesting talk and good speaker...although not many good news! Very enjoyable company and conversations afterwards :)

    June 20, 2013

  • Sandra T.

    Hi, went to the talk but couldn't join you at the pub

    June 19, 2013

  • Solene

    Really sorry no longer can make it

    June 19, 2013

  • Veronika

    Still in hospital waiting for my appointment...

    June 19, 2013

  • csilla

    Apologies. I can no longer attend as I am unwell...

    June 19, 2013

  • Matthew F.

    Sorry I am unwell and going under! So can't make it but these things you can't help. Shame I will miss it.

    June 19, 2013

  • JT

    Which pub are we going to after the Talk? :-)

    June 18, 2013

    • Liam

      The Devereux - 20 Devereux Court, Temple, London, WC2R 3JJ

      June 18, 2013

    • JT

      Thanks, Liam!

      June 19, 2013

  • Maylinne

    Won't be able to join for a drink afterwards which is a shame, there's going to be a good discussion, I am sure!
    See you later!

    June 19, 2013

  • Marion

    *shameless promotion* Hi Guys, if you're running late tonight and/or cannot get into the lecture theatre, you are always welcome to join us at the movie night. Around the corner in The George. :)

    1 · June 19, 2013

  • Hazel

    Apologies. I can no longer attend this.

    June 18, 2013

  • Veronika

    I have a hosp. appt. from 5pm in North London, so might need to cancel at the last minute if running late - apologies in advance.

    June 18, 2013

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