We’ve gained so much materially. But this is what we’ve lost
Capitalism lost its way around 1970 and needs to be overhauled, says the economist and former governor of the Reserve Bank of India.
China Minsheng Investment Group (CMIG) is the largest privately owned investment group in China, with RMB50 billion in registered capital. Initiated by the All-China Federation of Industry and Commerce and launched by 59 private enterprises in late 2014, CMIG is present in China, Hong Kong, Singapore and London. Its Global Advisory Council was formed in January 2015 and includes the former prime ministers of France, Italy and Pakistan, and various other global experts and Nobel Prize winners.
Capitalism lost its way around 1970 and needs to be overhauled, says the economist and former governor of the Reserve Bank of India.
Nobel laureate Angus Deaton looks at globalization, poverty and the Robin Hood principle.