"In the past three years, the world has made some progress toward the United Nations Sustainable Development Goals for 2030, but the fundamental issue of financing the SDGs remains unresolved. And, with the financial sector strongly oriented toward short-termism, the necessary investments may never materialize."
[COMMENTARY]The UN is sounding an alarm that if short-termism in finance persists, the Sustainable Development Goals will never materialize. Many observers are sounding this warning. I’ve repeated it too over the past several decades. For long-term thinking, we need a new consciousness. Interestingly, some cultures have this orientation ingrained. For instance, China appears to think long-term in its economic and social planning. And they have done exceedingly well with it!
Time for a Global Financial Makeover, by Liu Zhenmin, April 24, 2018, Project Syndicate, USA.