The best of capitalism is over for rich countries – and for the poor ones it will be over by 2060

By Paul Mason – One of the upsides of having a global elite is that at least they know what’s going on.

The OECD has a clear message for the world: for the rich countries, the best of capitalism is over. For the poor ones – now experiencing the glitter and haze of industrialization – it will be over by 2060.

The ultimate lesson from the report is that, sooner or later, an alternative program to “more of the same” will emerge. Because populations armed with smartphones, and an increased sense of their human rights, will not accept a future of high inequality and low growth. more>


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