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| Next Event : Thursday 2nd October, 2008 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
'Credit Crunch...or Crunch time for Capitalism?'
Thursday 2nd October, 2008 - 7.00 pm The "Global Credit Crunch" and subsequent wider financial crisis is the subject of much speculation. The queues outside branches of Northern Rock Bank were a startling site to many, but we were assured this was no more than a cyclical problem and that global markets were resilient. However, with the US government now ready to bail out the mortgage giants "Fannie Mae and Freddie Mac" to the tune of tens of billions of US dollars people are questioning how robust the system really is. And now Lehman Brothers, the fourth-largest US investment bank, has filed for bankruptcy protection, dealing yet another blow to the fragile global financial system. Is this merely a temporary difficulty caused by bad US mortgage lending? Or are we witnessing a landmark revelation of inherent weakness in the Capitalist system itself? If so, what does Islam have to say on this subject? Join our dialogue between Islamic
Economics expert Daud Pidcock and Dr Eamonn Butler, Director of the Adam
Smith Institute. Venue: The Toynbee Hall, Admission: £3.00 if reserved in advance or £5.00 at the door. Nearest Station: Aldgate East Seating is limited. Please book in advance via email or phone to avoid disappointment. Speakers Profile: Daud Pidcock is currently the resident director for India of Collins [UK] Ltd liaising in the development of Clean-Coal power plants for India. He takes a particular interest in Islamic Banking. Mr. Pidcock assisted Dr. Mahathir; the Prime Minister of Malaysia in providing the means of avoiding the worst effects the Asian monetary crisis. He was also invited to participate in the United Nations World Congress – Chairing the Session entitled: “putting ethics back into accounting”. Finally Mr. Pidcock follows a long line of British family members who first came to India in 1840. His Great, Great, Grandfather Henry Thomas being seconded by the East India Company. Dr Eamonn Butler is director of the Adam Smith Institute,
an influential think-tank that for more than twenty y ears was at the
leading edge of UK privatization, including the sale of state enterprises.
Dr Butler's work on social and economic issues has taken him all over
the world as a lecturer and consultant. Dr Butler also worked on pensions
and welfare issues for the US House of Representatives in Washington DC.
He has degrees in philosophy, economics and psychology, and is author
of a number of books including his latest book: "The Best Book on
the Market" |
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