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The pendulum of economic power might well begin to shift from capital back to labor.

Stephen S. Roach

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Stephen S. Roach
Age: 79
Born: 1945
Born: September 16
Economist
Stephen Samuel Roac
Stephen Samuel Roach
Economic
Power
Back
Pendulums
Wells
Pendulum
Might
Shift
Well
Capital
Labor
Begin

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To the extent that hiring in high-wage, developed economies continues to lag, the sustainability of any impetus to private consumption can be drawn into serious question.
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The lack of monetary discipline has become a hallmark of unfettered globalization. Central banks have failed to provide a stable underpinning to world financial markets and to an increasingly asset-dependent global economy.
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