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Political scientist examines role of regulation in financial meltdown

March 25, 2009

Wake Forest’s BB&T Center for the Study of Capitalism will host a presentation about the ongoing financial crisis titled “What Went Wrong? Causes of the 2008 Financial Meltdown” at 7 p.m. April 2 in Pugh Auditorium at the Benson University Center.

The presentation is free and open to the public, and a question-and-answer session will follow.

David Coates, Worrell Professor of Anglo-American Studies and a member of the capitalism center’s planning group, will explain why the meltdown occurred, why its global impact was so immediate and so massive, and what needs to be done both to repair it and to prevent its re-occurrence.  “It will involve explaining, among other things, the housing finance system in the U.S., in other industrial countries and the links between the two,” Coates said.  Coates will explore the opposing views that too much versus too little regulation of the markets led to the crisis, and the role politics has played in the meltdown.

The BB&T Center for the Study of Capitalism at Wake Forest was established in 2008 to engage faculty, undergraduate and graduate students, as well as the public, in a serious and sustained examination of the philosophical foundations of capitalism through undergraduate courses, faculty and student seminars, research support and a series of public speakers.

“Our goal is to offer a wide range of expertise and viewpoints to help students, faculty and the broader community better understand the role and impact of capitalism on our daily lives,” said Page West, professor of strategy and entrepreneurship and BB&T Fellow in Capitalism and Free Enterprise, who leads the center.

For more information, call 758-4260.

Press Contacts:

Eric Frazier
(336) 758-5237

Kevin Cox
(336) 758-5237

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