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Kai Wright on Elusive Objectivity

I actu­al­ly come at this with a set of ques­tions for folks here. Because before we get to the action ques­tion I have ques­tions about the broad­er prob­lem, right. So when we’re talk­ing about truth and truthi­ness and in media, I think we first have to ask whose truth mat­ters, and what are its bound­aries.

Finance is not about Money

I think one first step is to dis­tin­guish between tra­di­tion­al bank­ing, which sells mon­ey it has (or it can bor­row very quick­ly, what­ev­er) and finance, which sells some­thing it does not have. And in that sell­ing what it does not have lies its cre­ativ­i­ty. It has to invent instru­ments. And secondly—and they go together—it has to invade oth­er sec­tors. Because it itself does not have what it needs to pro­duce.