Is it time to “civilize capitalism”?
That’s what Malcolm Turnbull, Australia’s prime minister says.
Turnbull was chairman and managing director of Goldman Sachs Australia (1997–2001) and a partner with Goldman Sachs and Co (1998–2001)...
Leaders of the world’s 20 largest economies have been warned that they must “civilize capitalism” as they seek to revive economic growth and address growing public scepticism about the benefits of free trade and globalisation.
Officials present during closed-door sessions said US president Barack Obama, UK prime minister Theresa May and her Australian and Canadian counterparts emphasised the need to placate public discontent. According to the officials, Australian prime minister Malcolm Turnbull, a former Goldman Sachs banker, warned his peers of the need to “civilize capitalism”.
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