GZERO World with Ian Bremmer cover image

Fix the global debt crisis before it's too late, warns World Bank's David Malpass

GZERO World with Ian Bremmer

CHAPTER

The Consolidation of Economic Power in the Hands of the Wealthiest

What I see and what I hear from you as well is a consolidation of economic power in the hands of the wealthiest. And we really want a world where there's some kind of convergence, where the people in lower income levels actually get to grow faster. So we don't have a process to do that. There doesn't seem to be very much interest in getting to that process. We have the global macro techniques that are being used that end up concentrating the debt at the top. The lack of debt limits on the advanced economies.

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