Tim Jackson : Nations are hoping to avoid bailouts like those of Greece , Ireland . A global institution which has failed to protect global capitalism from itself is no longer fit for its purpose . He says there 's a rush to embrace austerity measures that inflict pain on the poor . Jackson says we need to adopt frugal policies , spending less but investing more . 01:11:58
Tim Jackson : Nations are hoping to avoid bailouts like those of Greece , Ireland . He says there 's a rush to embrace austerity measures that inflict pain on the poor . Jackson says we need to adopt frugal policies , spending less but investing more . 01:11:58