Tag Archives: State of Global Economy

Ex-IMF Chief Economist & former Indian Central Bank Governor says capitalism is ‘under serious threat’

12 Mar

Posted by The Ethiopia Observatory (TEO)

“Unfortunately, the very communities that are hit by the forces of global trade and global information tend to be communities which have deteriorating schools, rising crime, rising social illnesses and are unable to prepare their members for the global economy.”

Chicago University professor and former Indian central bank governor Raghuram Rajan has warned capitalism is “under serious threat” as it has stopped providing for the masses.

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