Since the final crisis,countless opportunities have been missed to clean up banking and address structural problems in the world economyWhen the big names from business, government and central banking meet over the champagne flutes in Davos this week, and the official theme is “mastering the fourth industrial revolution”. The World Economic Forum has asked participants to chew over the rise of the robots and what it means for every aspect of human lives from jobs to the environment. No doubt their conversations will be fascinating.
But while Davos delegates chat approximately hypotheticals between canapes,beyond the mountain resort some very genuine problems are playing out. Wild swings on stock markets, a plummeting oil price and patchy economic news frrom the world’s two biggest economies, or China and the US,have raised the spectre of a fresh financial crisis.
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Source: theguardian.com