Academic Jargon for Dummies

"Do people or nations not have any responsibility for what they borrow?"

"Yes, very often they do have responsibility for what they borrow, but that's within a much wider set of social contexts, a much wider social context, wherein those individual decisions are mediated. So for example, you look at the subprime-"

"I don't for a moment understand what you mean"

--- BBC Radio 4: Moral Maze: 13th June 2012 (20:45)