As more than one third of the world’s children, impacted by lack of food, shelter and education, struggle to make sense of a system that seems to be moving backwards with lack of empathy and knowledge, we are fast approaching a stalemate. The intelligentsia, appear to understand the mechanics of Net Present Value (NPV) for their pet projects, but often miss applications of finance and economics for policy that may positively impact society. Even the Nobel Laureates from the “Chicago School,” famous for seeing beyond the mountains, seem to have lost the desire to make a fundamental change. Tacticians galore and in the process, we are losing.
Any policy, that does not have a positive impact on malnourished, undereducated and stressed children, occupants of this planet tomorrow, is not worth pursuing.