We have to change our economic model

AS another G8 summit comes and goes we are again left with, judging from previous summits, potentially empty pledges on poverty and the usual frustrations in relation to the battle against climate change. To bring about any significant improvement in the levels of global poverty and make any impact on climate change, the current economic model pursued globally needs to change from a growth model to a sustainable one.

Despite the compelling evidence that the free market model has failed we continue to see slavish attempts at resuscitating this economy through the bailout of the financial system which created the mess.