President warns of ‘stark’ economic outcomes
President Higgins said those models are everywhere “threatening social cohesion, democratic life, as well as the future of life itself on our fragile planet”.
“The consequences of inaction are stark,” he told the Tasc conference, in Croke Park, yesterday. “Should we fail to change our policies, our institutions, and, more importantly, perhaps, our theory of growth; should we fail to tackle, decisively, current patterns of deregulation, of rocketing inequality, of cannibalisation of the real economy by financialisation, then our citizens will continue to pick up the tab, not just in money value, but in the hard currency of their daily existences.”
