Archive for August 20th, 2017

20/08/2017

Leadership Failure Perpetuates Stagnation

Human Wrongs Watch

By Jomo Kwame Sundaram*

KUALA LUMPUR , Aug 9 2017 (IPS) – What kind of leadership does the world need now? US President Franklin Delano Roosevelt’s leadership was undoubtedly extraordinary. His New Deal flew in the face of the contemporary economic orthodoxy, begun even before Keynes’ General Theory was published in 1936.

Growing income inequality in most countries before the Great Recession has only made things worse, by reducing consumer demand and household savings, and increasing credit for consumption and asset purchases. Credit: IPS

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