Public and private investment in the real economy has been under attack since the 2008 financial crisis. In difficult economic times, it may seem logical to cut investments that yield results only in the long term; in fact, it is deeply irrational.
LONDON – Public and private investment in the real economy has been under attack since the 2008 financial crisis. In difficult economic times, it may seem logical to cut investments that yield results only in the long term, and thereby conserve money and resources to address short-term problems. In fact, cutting investment in our future – be it in people, the planet, political institutions, or business – is deeply irrational.
LONDON – Public and private investment in the real economy has been under attack since the 2008 financial crisis. In difficult economic times, it may seem logical to cut investments that yield results only in the long term, and thereby conserve money and resources to address short-term problems. In fact, cutting investment in our future – be it in people, the planet, political institutions, or business – is deeply irrational.