Former U.S. Treasury Secretary and Harvard University President Larry Summers spoke this week at the Global Financial Leadership Conference in Naples, Florida about rebalancing the global financial marketplace in the wake of economic and political shocks. Touching on commodities, equities and interest rates, Summers put the broader role of the financial sector into focus when speaking to the group of leaders from some of the world’s top financial firms.
“If you think about it, there are few things, if anything that is more fundamental in any economy than connecting the individuals and the huge opportunities that are available in our society to make productive investments. And the function of having those things connected — those needs for savers and opportunities for investors — is a profoundly important function, and it is a function that is performed by the financial sector.”
Watch a segment of his remarks in the above video.