In the teeth of the worst financial crisis in living memory, BBC business editor Robert Peston examines how the world got to this point and how the collossal imbalances in the global economy have left the UK in need of a radical economic overhaul.

In the second of two programmes Peston asks how Britain can compete in the new world economic order. After years of living beyond our means the country surely needs to wean itself off the consumer society, but doing so threatens our retail dependent economy.

The Flaw attempts to explain in unprecedented depth the underlying causes of the global financial crisis