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NOW ON PBS

Economist Editor: Think Long-Term

  • Aired: 11/15/2010
  • 05:26
  • Rating: NR
US Editor of The Economist, Matthew Bishop sees major problems in America's "obsession" with the ups and downs of the stock market. Bishop tells David Brancaccio that he believes Wall St. requires major reform, especially for the sake of our retirement. He says the short-term drive for profits led Wall St. to play "a casino game of the worst kind," but doesn't think the system is beyond hope.
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US Editor of The Economist says fix captialism by ending obesession with stock values.
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