- applied sciences
The Rethinking Capitalism (ReCap) Webinar Series is held online in association with the Center for European Studies (CefES-DEMS) and The Rimini Centre for Economic Analysis (RCEA-Europe).
Capitalism is in a human, political, social, and environmental crisis. The Rethinking Capitalism (ReCap) Webinar Series is an opportunity to reflect on the failures of our cultural and production model. The objective of these talks is to foster awareness, cooperation, and activism among academics and guide policymakers in implementing corrective policies to bring our societies back on a sustainable path.
"The Great Demographic Reversal: Ageing Societies, Waning Inequality, and an Inflation Revival"
The underlying forces of demography and globalization will shortly reverse three multi-decade global trends; they will raise inflation and interest rates, but lead to a pullback in inequality. Whatever the future holds, it will be nothing like the past. Deflationary headwinds over the last three decades have been primarily due to an enormous surge in the worlds available labor supply, owing to very favorable demographic trends and the entry of China and Eastern Europe into the worlds trading system. This demographic trends are on the point of reversing sharply, coinciding with a retreat from globalization. As the result, ageing can be expected to raise inflation and interest rates, bringing a slew of problems for an over-indebted world economy. Ageing is also anticipated to increase the share of labor, so that inequality will fall.
Presented by Charles Goodhart, Emeritus Professor of Banking and Finance with the Financial Markets Group at the London School of Economics and Political Science (LSE) and by Manoj Pradhan, Talking Heads Macroeconomics (Founder).
Register here. Participation in the webinar series is free.
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