Lessons of 2008 Have Not Been Fully Learned, Says Lord Skidelsky

The video discusses the lessons learned from the banking crisis a decade ago, emphasizing the need for conditions when preventing bank failures. It highlights the persistent risks in the global banking system, despite increased capital buffers. The debate between national and global banking systems is explored, with a call for more national control and capital controls. The video also examines the impact of economic theories on financial crises and compares the recovery of European and US banks, noting the challenges faced by European banks.

What lesson was learned regarding banks during the financial crisis?

What does Mervyn King mean when he says 'banks are safe but not safe enough'?

What are the implications of the global nature of banking as discussed in the text?

What role does government intervention play in the banking system according to the discussion?

How does the text describe the recovery of US banks compared to European banks?

What are the potential risks mentioned regarding the current state of the economy?

What structural reforms are suggested for the banking system?