Chigwell parent Dr N. Gupta tore himself from his dentist’s chair and gave us a passionate exposition of how he saw the global economy. He began with the origins of money, as a more convenient system than simple barter, but quickly moved into, as he saw it, the bizarreness of the current system, where growth, inflation and loss of value are built into the system: to make enough money for the payment of interest, more money has to be lent, at interest, ad infinitum, which leads to the continuous devaluation of money. Those at the top of the pyramid, the bankers who make and lend the money, gain value, at the expense of the ones at the bottom, those who borrow and save. Very interesting and thought-provoking.
Subsequent discussion dwelt on the necessity of economic growth itself.
Continuing, from Richard Barham’s talk, the Olympic theme, and reinforcing the PE department’s week of Olympic lessons, our own Mrs Bint and Mr Wille led a presentation and discussion on cheating in these most revered games. Interesting similarities emerged, from nationality switching (a Cretan competed for Ephesus; Zola Budd changed from South African to British), through familiar bribery to performance enhancing (Pelops’ winged horses, modern-day drugs), we realised that, when national pride and lots of money are at stake, not a lot has changed.
Old Chigwellian Richard Barham, partner at city law firm SNR Denton, gave us a deep insight into some of complexities of corporate law. From detailing the different components of a pharmacy, through the way the UK government broke up British Rail, to the successful Olympic bid, Richard showed us, from his wide experience, both the variety of forms corporate law can take, as well as the similar demands it makes on detailed analysis and clear thinking. Subsequent discussion took us into the different realms of ethics and university law degrees.