Philip Booth explores the argument that climate change is an issue of inter-generational justice suggesting that the evolution of government debt will lead to huge wealth transfers from today’s younger generations to older generations. The talk will begin by looking at the size of the problem before examining the social and economic consequences using historical examples. Finally, Philip will question solutions to this problem or whether the damage has been done.
‘Climate Change II: Inter-generational Justice & Debt’
7:00 pm - 7:30 pm
Prof Phillip Booth explores the argument that climate change is an issue of inter-generational justice suggesting that the evolution of government debt will lead to huge wealth transfers from today’s younger generations to older generations. The talk will begin by looking at the size of the problem before examining the social and economic consequences using historical examples. Finally, it will question solutions to this problem or whether the damage has been done. Professor Booth is Director of Catholic Mission at St. Mary’s and Director of the Vinson Centre and Professor of Economics at University of Buckingham and Senior Academic Fellow at the Institute of Economic Affairs. Philip worked for the Bank of England as an adviser on financial stability issues and has written books on investment, finance, social insurance and pensions as well as on the relationship between Catholic social teaching and economics. This talk was given at a TEDx event using the TED conference format but independently organized by a local community. Learn more at https://www.ted.com/tedx