In Project
Syndicate Joseph E. Stiglitz wrote about The World Economic Forum’s annual
meeting in Davos this year. He remembered that before 2008 “the captains of
finance and industry” could speak about a “new era of relentless growth” that
could reach everyone since “the right thing” would be done.
Now that
things are changed, the debate in Davos is not anymore the same. The emerging
countries are not looking the advanced countries as they did before.
Economic
inequality was the topic that concerned more the assembled leaders, according
to Stiglitz’s text.
The meeting
had more problems than solutions to focus, even with some good perspectives from
the developing countries point of view.
International
organizations that were supposed to solve the unemployment are in paradoxical
conditions, between fine speeches and no action, or between questions of
political unification and the hypothesis of each country search for its own
solution.
Stiglitz
concludes that today G-7, G-8, G-20 are not working anymore and we see now a
kind of G-0 (G-zero), meaning the absence of leadership.
The postmodern
globalization seemed very efficient before the crisis. Now it shows the end of
efficiency.
Maybe the “G-zero”
can help to work with new paradigms in the era of “after-postmodern” to find
new bindings among human communities.
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