Nicola Sturgeon on What Mainstream Economics Missed @ #INET2017

The transcript discusses the rise of right-wing parties and political shocks due to dissatisfaction with the economic status quo. It highlights the stagnation of wages and rising inequality, emphasizing the need for new economic thinking and policies. The text argues that inequality hinders economic growth and calls for a shift in economic models to benefit the majority. A conference in Glasgow, hosted by the Scottish Government, is mentioned as a platform for discussing these issues.

What has been a significant political change in various countries that mainstream economics failed to predict?

• The rise of right-wing parties

• The increase in global trade

• The decline of economic growth

• The rise of left-wing parties

What economic issue has been prevalent in the UK over the past decade?

• Rapid economic growth

• Stagnating wages

• Increasing employment rates

• Decreasing inequality

Why do people feel the current economic model is not working for them?

• It reduces government spending

• It only benefits a minority

• It leads to higher taxes

• It benefits the majority

What is a consequence of rising inequality according to the transcript?

• It boosts economic growth

• It holds back economies

• It reduces unemployment

• It increases public spending

What is the proposed solution to address the issues of inequality and economic dissatisfaction?

• Implementing the same policies

• Increasing taxes

• Developing new economic policies

• Reducing government intervention