LORD TURNER: 'We may be at a turning point in the nature of capitalism'
Business Insider 10 hours ago
Lord Adair Turner, the former vice chairman of Merrill Lynch Europe and ex-head of the Britain's financial watchdog, is "increasingly worried" that advances in technology are undermining capitalism and stopping the global economy recovering from its "post-crisis malaise." In an interview with Business Insider, Lord Turner said: "We have an economic malaise where the capitalism system is not delivering as well or to enough people to maintain its legitimacy. "There’s a certain sort of equality of citizenship that requires that everybody does OK. I think that may breakdown. I think it may breakdown because of the fundamental nature of technology. You have to be aware that the way that capitalism ...
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