Satyajit Das on the mirage that is Chinese growth, on Modi and India, and what the common man needs to prepare for, in this interview.
Ghost cities, empty buildings and airports, roads and bridges to nowhere in Japan, China and Europe highlight the failure of fiscal policy across the world.
Lower rates and increasing the supply of money have stabilised financial markets but have not provided a significant boost to economic activity leading to The Age of Stagnation.
Causes of the crisis are now considered the 'solution'! Viennese critic Karl Krause's views on psychiatry come to mind: "the disease which masquerades as the cure".
Existing policy does not address the real issues and may not be capable of restoring economic health, but worryingly central banks believe there is no alternative
Renowned economist Jayati Ghosh finds Satyajit Das's book to be a sharp, clear and approachable critique of all that is wrong with the world economy