Can the State have an economic mission beyond growth?

Growth should not be for its own sake. The economy is not just about growth. It has to achieve a certain objective, a common good.

Economic security and economic dignity should be what we strive for.

The State should play an activist role in the economy to mobilise societal resources to achieve certain missions and create a common framework for both public and private investment.

A Stakeholder Economy is one that works not only to help shareholders but also workers and customers. To achieve this, we need good politics to create better policies.

Share this article
Share on facebook
Share on twitter
Share on linkedin
Share on whatsapp
Share on email

Leave a Reply

Your email address will not be published.

Related Videos

Play Video
30 Dec 2020
The year 2020 has been unprecedented in many ways. We faced a concurrent triple crises – politics, economy and healthcare. The crises exposed our weaknesses. We may be angry with the Sheraton move. The economic and Covid-19 crises may cause us to despair. Yet, behind every challenge lies an opportunity to come out stronger.
Play Video
15 Nov 2020
Growth and distribution are like two propellers on an aircraft. Growth without distribution would spell trouble for the aircraft because demand would not be broad-based and may not be sufficient to sustain long-term growth, and failure to distribute adequately may also spell non-economic troubles that may threaten the prospect of growth.
Play Video
6 Nov 2020
No other economic concern is more important than the question of jobs. We should place the agenda of job creation front and centre. And the Government should be the catalyst to drive this agenda.