As we face new economic upheaval in 2020, what lessons can we learn from the last global financial crisis? This episode looks at a seeming paradox: the 2008 financial crisis was a wrenching turning point for countless individuals and communities, but in the business world, it reinforced decades-old trends—from layoffs to political mobilization. This year’s global economic crisis gives business an opportunity to reset perceptions that have festered since the last crisis.
The Business 20/20 podcast is a series that explores the changing relationship between business and society from 1999 to today. Each episode unpacks a key event—from the Seattle WTO protests to the global financial crisis and beyond—to find insights for the future. Produced by the Aspen Institute’s Business & Society Program and hosted by Michelle Harven.
Follow the Business & Society Program on @AspenBizSociety and subscribe to the Business & Society Newsletter.
Maureen Conway, Rana Foroohar, Adam Winkler
Writing and Production
Written by Keith Schumann with input from T.A. Frank, Miguel Padró, Felicia Davis, and the Business & Society Team.
Recorded by Ben Eyler and edited by Jesse Krinsky.
The Business & Society team wishes to thank the audio technicians and everyone involved in the production of this episode, including:
- Austin Madert
- Lorry Saunders
- Dan Lebiednik
- Daniel Woldorff
- Larry Buhl
- Lucy Huang
Music Samples Featured in this Episode
Chad Crouch – Algorithms (Excerpted form of the track; used under Creative Commons Attribution-NonCommercial 3.0 License)
Chad Crouch—Negentropy (Excerpted form of the track; used under Creative Commons Attribution-NonCommercial 3.0 License)
Kai Engel—Dark Alleys (Excerpted form of the track; used under Creative Commons: By Attribution 4.0 International CC BY 4.0)
Tobacco Road – Storyblocks Audio
Associated Press, September 29, 2008