Finance and Democracy

Berkeley Program on Finance and Democracy research director Brian Judge joined Garth Bray on The New Zealand Herald's "HNOW: Business" to discuss how diminishing investor confidence in private credit funds signals broader risks for the global financial market.

Set against the backdrop of recent proposals by states to tax their wealthiest residents, this conversation explores how the “grand bargains” between the rich and the rest of us became embedded in law and civic culture, how they have broken down over time, and how a renewed interest in taxation might inform a political and regulatory agenda for the future.

As high-profile private credit fund managers face a surge in withdrawals stemming from jitters over the economy, BESI's Brian Judge observes echoes of the months leading up to the 2008 financial crisis.