Climate change is ‘the most overpowering and tragic example of wilful blindness’, claims the successful American entrepreneur, author, management guru and TED speaker Margaret Heffernan. One of her books is entitled Wilful Blindness, which means turning a blind eye or burying your head in the sand.
We’ve been considering the multiple economic dilemmas presented by the onset of a new fiscal era, and the range of potential implications for investors.
Neoclassical economic theories are no longer relevant. They are the reason why the earth’s resources have been depleted so as to jeopardise the future. They have created a world in which extreme poverty abounds and the rich just get richer. That’s the contention of English economist Kate Raworth, who champions a new economy mirroring nature, in which responsible ESG policies are the norm.
