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In theory, the financial sector is supposed to support the long-term growth of the real economy. In practice, it has become so detached from the
In theory, the financial sector is supposed to support the long-term growth of the real economy. In practice, it has become so detached from the real world that it is more akin to a fantasy land, inhabited by a growing number of peculiar characters undertaking nonsensical tasks.
Source: Stewart Investors Sustainable Funds Group, Alice in Financeland, (Feb 2017).
Please respond to the following questions by drawing upon relevant concepts/theories you have learnt in this unit.
- Discuss why capital markets have become so disconnected from the real economy.
- Discuss what are some of the barriers to change (and why is it so hard to change).
- What do capital markets need to do differently in the future to better support economic, social and environmental outcomes for people and the planet.
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