Co-operative system best way to beat slump

BANKING commentator Bill Hobbs is absolutely right when he says that yesterday’s solutions will not solve today’s crisis (May 3).

Einstein said more or less the same – that the significant problems we face now cannot be solved at the same level of thinking we were at when we created them.

That is a timeless, unchanging natural law principle, and until those in the corridors of power – I’m speaking to all political parties – acknowledge this truth, Ireland Inc will only go deeper into recession.