OECD predicts collapse of capitalism Take your pick of the interpretations. The OECD has a clear messagefor the world: for the rich countries, the best of capitalism is over. For the poor ones – now experiencing the glitter and haze of industrialisation – it will be over by 2060. If you want higher growth, says the OECD, you must accept higher inequality. And vice versa. Even to achieve a meagre average global growth rate of 3% we have to make labour more flexible, the economy more globalised. Those migrants scrambling over the fences at the Spanish city of Melilla, next to Morocco, we have to welcome, en masse, to the tune of maybe two or three million a year into the developed world, for the next 50 years. And we have to achieve this without the global order fragmenting. theguardian/commentisfree/2014/jul/07/capitalism-rich-poor-2060-populations-technology-human-rights-inequality
Posted on: Thu, 10 Jul 2014 08:25:38 +0000
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