Friday July 3, 2020

State should play ‘transformative’ role in economy, says Higgins

President criticises endless pursuit of growth and calls for ‘just transition’ to low-carbon society

Daniel Murray

Business Reporter

12th November, 2019
President Michael D Higgins said that he wanted to encourage new models of “redefined development, balancing economics, ecology, ethics and social cohesion”. Picture: Rollingnews

Micheal D Higgins has criticised “blinkered hostility” towards state intervention and called for a new economic model to tackle climate change and increase sustainability.

Striving for economic growth “ad infinitum” inevitably resulted in booms and busts, with disastrous social consequences, he told a seminar today at Áras an Uachtaráin on “Rethinking the Role of the State in Fostering a Sustainable and Inclusive Economy”.

“Government intervention of...

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