Case Study: Inequality In The Fourth Industrial Revolution

Today we are in a time analogous to the 2008 credit crisis, when easy money was given to people who didn’t have the credit profile to qualify for loans. Except it is now large corporations who have had access to…

0
(0)

Today we are in a time analogous to the 2008 credit crisis, when easy money was given to people who didn’t have the credit profile to qualify for loans. Except it is now large corporations who have had access to easy credit, at levels which were inappropriate for their fundamentals.

COVID-19 has dealt a crippling blow to these already highly leveraged firms, as consumer spending power has stymied, leaving devastating income holes in the balance sheets of these companies.

The crisis whilst painful, gives corporations, individuals, and government the opportunity to actively co-shape and co-create the system, laying the path for a more sustainable and inclusive economy, which raises our wealth and living standards, with less volatility, as opposed to fixing things when they go wrong.

0 / 5. 0

ads sponsors