Digitization and militarization may aggravate the underlying structural conditions behind the Great Depression of 2008 and trigger a similarly dire crisis, says study
There are warning signs that the global financial system is heading for another disaster.
In a new paper, William I. Robinson of the University of California adds to these warning bells by highlighting how the rapid rise of digitalisation and new technologies could potentially hurt the global economy.
In a new paper, William I. Robinson of the University of California adds to these warning bells by highlighting how the rapid rise of digitization and new technologies could potentially hurt the global economy.
Investors have turned to two intertwined outlets to invest surplus funds, in the face of a sluggish production sector and debt-driven consumption reaching breaking-point, Robinson argues. One is the digital and data-driven economy.
Please click here to read more.