The Ascent of Money
Season 1 • Episode 4: Risky Business • Watch with subtitles
Episode 4: Risky Business
December 8, 2008 • 49 min
Life is a risky business – which is why people take out insurance. But faced with an unexpected disaster, the state has to step in. Professor Ferguson travels to post-Katrina New Orleans to ask why the free market can't provide adequate protection against catastrophe. His quest for an answer takes him to the origins of modern insurance in the early 19th century and to the birth of the welfare state in post-war Japan.
If the video doesn't play, try refreshing the page or check back later. Subtitles available in English, Spanish, French, German, Bulgarian, and many more languages.