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Why Wall Street's Imploding, and Main Street's Improving

Complete video at: http://fora.tv/conference/new_yorker_festival_2011 James Suroweicki discusses a "dramatic difference" between service industries where principal-agent conflicts are pervasive, and industries focused on manufactured goods. In the former, Surowiecki notes, agents are becoming extremely wealthy; in the latter, consumers are "spending less and getting more." ----- JAMES SUROWIECKI: OUT OF CONTROL: PLAYING WITH OTHER PEOPLE'S MONEY The New Yorker Festival presents James Surowiecki: Out of Control: Playing with Other People's Money. This program was recorded on October 2, 2011. James Surowiecki has been a staff writer at The New Yorker since 2000 and writes the magazine's Financial Page. He is the author of The Wisdom of Crowds: Why the Many Are Smarter Than the Few and How Collective Wisdom Shapes Business, Economies, Societies, and Nations.
Length: 05:28

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