The need for a new "ecological social paradigm" - President Higgins on Rethinking Economics
On Tuesday, 12th November 2019, President Michael D. Higgins hosted a seminar entitled "Rethinking Economics: The Role of the State in Fostering a Sustaiable and Inclusive Economy".
In his opening remarks, he cautioned "the prevailing neoliberal model which features markets without regulation, distorted trade and unrestricted globalisation, the priority of the price mechanism and the practice of commodification, speculative investment, and which results in unbridled consumption, yawning inequality and destructive extraction of natural resources is unsustainable from economic, environmental and social standpoints."