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How Pragmatism Is Changing the World
Pragmatism is creating a new economic system with a heart, a mind and a soul.
Everyone knows something is wrong. Over 40% of the world’s population lives in poverty. Our planet’s resources are diminishing at frightening rates. The international financial system is defunct and only serves to exacerbate the gap between the wealthy and the rest. Is there a way out of this mess?
In Fusion Economics, Brahm presents an alternative way to the economic practices and thinking that brought us to this point. Holistic, yet grounded and straightforward, this revolutionary book calls for a turn away from an economic system dangerously steeped in ideology, stymied by politics, and prone to fomenting violence. As he examines where things went wrong, Brahm outlines a new global consensus based on pragmatism, common sense, grass-roots realities and a profound change in values and measures of individual and corporate success.
Drawing on his experience overseeing China’s transformation from socialism to market economy and its current Green Growth Policy, Brahm suggests a synergistic integration of western and eastern economic systems. He takes readers on a global journey, travelling with them to China’s secretive halls of power where Brahm helps to convert rusty debt-ridden state enterprises into international corporations, grass-roots social enterprises in the Himalayas, micro-finance schemes in Bangladesh, the secluded kingdom of Bhutan where Gross National Happiness is invented, massive rallies in Africa calling for a new approach to development that shocks multilateral institutions, indignant movements across Europe and the protests at Occupy Wall Street.
At once radically progressive and downright pragmatic, Fusion Economics is a must-read for anyone who wants to be on the vanguard of change to build a more adaptive, organic, and inclusive future.