On the evening of April 13th, 2009, the second lecture “Too big to fail? How did we get there?—On Antitrust” in the financial lecture series of “the Simulation Future World Leaders Summit——Davos Forum” was held in the moot court. The lecture series are jointly organized by Capital Markets Association (CMA) of Peking University and Shenzhen and Hong Kong Economics and Finance Association of Peking University (SHEF). More than 300 students from the University Town took part in this lecture.
The lecture was presided over by Lin Tang, vice president of SHEF. She introduced the competition progress of “ the Simulation Future World Leaders Summit—Davos Forum” and was grateful to all the students for their participation.
The guest speaker is Thomas Kauper, visiting professor of Peking University School of Law. He is also professor of Michigan Law School, and had taught at Law School in Harvard University before. Professor Thomas has been engaging in studying Antitrust Law and Property Rights, with rich working experiences in legal profession in United States. He had also served as Vice Chairman of the American Bar Association.
Professor Thomas began his speech with the explanation of the title “Too big to fail? How did we get there? —On Antitrust”. Starting from the global financial crisis, he emphasized that “too big too fall” was one of the reasons why U.S. government agreed to bailout giants such as Citigroup. “Too big” means the bankruptcy of these giants, which has an extremely high social cost, may undermine the financial stability of the social. Then he attributed this phenomenon to the existence of monopolies and extensionally commented on the status quo and development of the global anti-monopoly.
After Professor Thomas’s speech, the students participated had a more in-depth discussion on Chinese Antitrust Law.
