Report from the New Economics Foundation
This year has been finance-led capitalism’s 1989. It is now as broken as the old Soviet
Union. It didn’t work for the real economy. It put people in rich and poor countries
alike into debt for short-term profit. It was uncontrolled and grew in power until the
tail was wagging the dog.
Now there is a huge opportunity to develop a new model to build a real economy
that does work for people and the planet. The challenge is to take short-term action
to stabilise the situation, together with a measured, programme to build a diverse,
localised, sustainable economy which puts finance in its place as a servant of society
and values people and the environment.
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