Stop The World So The West Can Get Off

Are the traditional Western capitalist economies, which felt so comfortable in their success only a few years ago, about to be outstripped by the rapid growth of China and India? What does this mean for how we work – and whether we work – in the future?

“We’re in a transition,” says Ketan Patel, who quit last month as head of strategy at Goldman Sachs to set up his own consultancy and investment company.

“We finished the last century with a quite clear idea of how the world was. The war with communism was over and US-style democratic capitalism was the standard. But in the first four years of this century, so many things have changed.”

These have included the exponential growth of China and India, the uncertainties caused by the end of the dot-com boom, the crisis in American corporations triggered by the collapse of Enron and WorldCom, and the terrorist attacks of 9/11.
The New Zealand Herald