Under-performing by decision…

NOKIALAINEN - NOKIALAINEN - WIN_20140805_150222„The world faces a deficiency of aggregate demand, brought on by a combination of growing inequality and a mindless wave of fiscal austerity. Those at the top spend far less than those at the bottom, so that as money moves up, demand goes down…

There are huge unmet global needs that could spur growth. Infrastructure alone could absorb trillions of dollars in investment… Furthermore, the entire world needs to retrofit itself to face the reality of global warming“

Read more at https://www.project-syndicate.org/commentary/great-malaise-global-economic-stagnation-by-joseph-e–stiglitz-2016-01#HHdhx8DqiGBGcE88.99


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