Mark Carney, the former Governor of the Bank of England, argues that the roots of the climate change threat lie in a deeper crisis of values. He suggests that we can create an ecosystem in which society’s values broaden the market’s conceptions of value. In this way, individual creativity and market dynamism can be channelled to achieve broader social goals including, inclusive growth and environmental sustainability. Presenter: Anita Anand Producer: Jim Frank Editor: Hugh Levinson Production Coordinator: Brenda Brown Studio Manager: Rod Farquhar

Mark Carney, the former Governor of the Bank of England, observes that the pandemic has forced states to confront how we value health, wealth and opportunity. During the first few months of the crisis, most states chose to value human life more than the economic well-being of the nation-state. But if that seems to be changing how do we assess value in this sense? Dr Carney elucidates surprising differences in the financial value put on a human life in different nations – and goes on to argue that this reductionist approach fails to take into account deeper thinking about the worth of human existence. Presenter: Anita Anand Producer: Jim Frank Editor: Hugh Levinson

Mark Carney, the former Governor of the Bank of England, takes us back to the high drama of the financial crisis of 2008, which ended a period when bankers saw themselves as unassailable Masters of the Universe. More than a decade on, how much have the bankers changed their ways? How far has the financial sector changed? Dr Carney says that we must remain vigilant and resist the “three lies of finance.” If we don’t, he warns, we will live with a system which is ill-prepared for the next crisis. Presenter: Anita Anand Producer: Jim Frank Editor: Hugh Levinson

Mark Carney’s Reith 2020 Lectures chart how we have come to esteem financial value over human value and how we have gone from market economies to market societies. He argues that this has contributed to a trio of crises: of credit, Covid and climate. And the former Bank of England Governor will outline how we can turn this around. In this lecture, recorded with a virtual audience, he reflects that whenever he could step back from what felt like daily crisis management, the same deeper issues loomed. What is value? How does the way we assess value both shape our values and constrain our choices? How do the valuations of markets affect the values of our society? Dr Carney argues that society has come to embody Oscar Wilde’s aphorism: “Knowing the price of everything but the value of nothing.” Presenter: Anita Anand Producer: Jim Frank Editor: Hugh Levinson

Jonathan Sumption argues against Britain adopting a written constitution as a response to political alienation. The former UK Supreme Court Justice has argued that politics is in decline partly, at least, because the courts and the law is increasingly doing what politicians used to do. This has indirectly contributed to the electorate’s increasing rejection of the political process. There is growing resentment against the political elite. So what can we do? Lord Sumption makes some suggestions to restore faith in democracy – starting by fixing the party system and changing the way we vote. The programme is recorded in front of an audience at Cardiff University. The Reith Lectures are presented and chaired by Anita Anand and produced by Jim Frank Editor: Hugh Levinson