|By Marketwired .||
|April 7, 2014 06:06 AM EDT||
LONDON, ENGLAND -- (Marketwired) -- 04/07/14 -- The fundamental economic systems on which we all depend are broken, so says author and contrarian George Cooper in an interview with World Finance. Convinced that broken economies cannot be fixed before the so-called science of economics is overhauled, the financial industry veteran suggests a select few ways in which economic policy is flawed.
"What I mean is it's become a battleground between effectively different tribal groups, all that have got different ideas," he says of economics. "There's validity in each one but they all appear to be incompatible with each other. So to fix this broken science we need the new idea, the new paradigm shift, that lets us pick the right ideas to get them together in a single model that works."
Cooper proceeds to highlight the very many failings of economics in practice, making specific reference to "superstates" and the ways in which we wrongly perceive them to be successful systems.
"If we look at America and we look at Europe. It seems to me that the political system in both of those huge economic blocks had broken down. You had this sort of mindset that a big superstate would work better than a lot of smaller states. I think given how the American system has become log jammed and the European system has become log jammed maybe we should be asking our elves whether actually democracy is better developed in smaller units rather than bigger units."
On speaking to World Finance, Cooper's criticism extends to the eurozone, and the way in which it is governed. "Unless the European Union can establish a mechanism to create the fiscal transfers from the wealthiest states to the poorest states. Unless it can do that, it's going to, I think, continue to create a system of polarizing wealth within the European Union where the poorer countries will get poorer relative to the richer countries. That will create first stagnation and then probably social unrest."
To see the interview in full, head over to the World Finance website now or click on the link below.
World News Media is a leading publisher of quality financial and business magazines, enjoying a global distribution network that includes subscriber lists of the most prominent and senior decision-makers around the world, as well as comprehensive airport, hotel and conference site distribution.
For further media information contact:
+44 (0)20 7553 4177
Technology vendors and analysts are eager to paint a rosy picture of how wonderful IoT is and why your deployment will be great with the use of their products and services. While it is easy to showcase successful IoT solutions, identifying IoT systems that missed the mark or failed can often provide more in the way of key lessons learned. In his session at @ThingsExpo, Peter Vanderminden, Principal Industry Analyst for IoT & Digital Supply Chain to Flatiron Strategies, will focus on how IoT de...
Sep. 29, 2016 09:45 AM EDT Reads: 1,195
Ask someone to architect an Internet of Things (IoT) solution and you are guaranteed to see a reference to the cloud. This would lead you to believe that IoT requires the cloud to exist. However, there are many IoT use cases where the cloud is not feasible or desirable. In his session at @ThingsExpo, Dave McCarthy, Director of Products at Bsquare Corporation, will discuss the strategies that exist to extend intelligence directly to IoT devices and sensors, freeing them from the constraints of ...
Sep. 29, 2016 09:45 AM EDT Reads: 2,631
Sep. 29, 2016 09:30 AM EDT Reads: 4,438
Sep. 29, 2016 09:30 AM EDT Reads: 629
Sep. 29, 2016 09:30 AM EDT Reads: 390
Sep. 29, 2016 09:30 AM EDT Reads: 3,204
Sep. 29, 2016 09:15 AM EDT Reads: 2,694
Sep. 29, 2016 09:00 AM EDT Reads: 2,797
Sep. 29, 2016 09:00 AM EDT Reads: 4,163
Sep. 29, 2016 08:30 AM EDT Reads: 2,472
Sep. 29, 2016 08:15 AM EDT Reads: 2,143
Sep. 29, 2016 08:00 AM EDT Reads: 2,710
Internet of @ThingsExpo has announced today that Chris Matthieu has been named tech chair of Internet of @ThingsExpo 2016 Silicon Valley. The 6thInternet of @ThingsExpo will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA.
Sep. 29, 2016 08:00 AM EDT Reads: 2,693
Sep. 29, 2016 08:00 AM EDT Reads: 2,089
Sep. 29, 2016 07:15 AM EDT Reads: 1,733