Adair Turner

Can capitalism beat climate change?

LONDON –Easter visitors to London have found some streets and buildings occupied by “Extinction Rebellion” activists, warning of climate catastrophe and rejecting “a failed capitalist system.” Followers of central bank thinking have seen the governors of the Bank of...

Monday, April 29, 2019, 1:18 AM

Two Cheers for Population Decline

LONDON – Since China abolished its one-child policy on January 1, 2016, annual births, after a temporary increase to 17.86 million that year, have actually fallen, from 16.55 million in 2015 to 15.23 million in 2018. The baby boom that wasn’t should surprise no one. No other successful...

Wednesday, January 30, 2019, 12:17 AM

Japan’s successful economic model

TOKYO –Nearly everyone says that Japan’s economic model has imploded. Since 1991, growth has averaged just 0.9 per cent versus 4.5 per cent over the previous two decades. Slow growth, combined with large fiscal deficits and near zero inflation, has driven government debt from 50 per...

Sunday, September 23, 2018, 11:59 PM

The Zero-Sum Economy

Across the global economy, the potential for automation seems huge. Adidas’ “Speedfactory” in Bavaria will employ 160 workers to produce 500,000 pairs of shoes each year, a productivity rate over five times higher than in typical factories today. The British Retail Consortium...

Thursday, August 16, 2018, 12:18 AM

America’s baby bust

LONDON – News that the United States’ fertility rate fell in 2017 to 1.75 has provoked surprise and concern. A buoyant US economy in the 1990s and early 2000s was accompanied by fertility rates of 2.00-2.05 children per woman, up from 1.8-1.9 in the 1980s. But the increasingly strong...

Tuesday, June 12, 2018, 10:40 PM

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