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  • Please Irritate Me: Money from nothing

Please Irritate Me: Money from nothing

Event

Starts on
24.04.24

19:00

Berliner Sparkasse
Alexanderplatz 2
10178 Berlin

Event access: Public

Public discussion series by Die Junge Akademie and the Wübben Stiftung Wissenschaft: Peter-André Alt talks with guests about new perspectives in science and research. Series of events kicks off with Andrea Binder.

Tax havens are not only used to hide financial assets, but also to increase them. Political scientist Andrea Binder investigates how this works and why this practice is so precarious. Global banks headquartered in Germany and elsewhere use offshore financial centers such as the Cayman Islands to hand out cheap loans in US dollars to other banks, corporations, and companies around the world. With every loan that is disbursed in US dollars, the offshore banks increase US dollar supply, they ‘create foreign currency’. This process is subject neither to financial supervision nor to political control, undermines rules that would apply to banks in their home markets, and contributes to increasing inequality.

In conversation with Peter-André Alt, Andrea Binder explains how tax havens evade democratic control, why this state of play threatens to undermine the stability of our financial system, how she repeatedly causes irritation with her research subject and overcomes the boundaries of the unsaid.

Please Irritate Me is a joint series of events organized by Die Junge Akademie and the Wübben Stiftung Wissenschaft.

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