Economic crisis and austerity: the Role of Technology – October 14th 2013


12:00 am

The ongoing financial crisis has exposed the fragility of the banking and finance system, and the 2008 crash would have been impossible without the ‘dark magic’ of computer-generated derivatives. But while we continue to debate banker’s bonuses, automated High Frequency Trading has taken over the stock market, creating new volatility as algorithms complete trades in milliseconds.  Back in the real world of austerity created by the crisis, automation is contributing to public sector job loss, as workers are replaced with machines.  How can we get technology to serve people not profit?

Introductions from:

  • Dave Dewhurst, Occupy London Economics Working Group
  • Speakers from Corporate Watch and Kaput, tbc
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