Despite its amorphous nature, and its refusal to articulate a set of demands, the protest campaigns across the world were shaped by a simple but powerful idea – that the well-off cannot go on doing obscenely well even as the rest keeps moving backwards. The message from this collective rage is that growth itself can be destabilizing if it is not inclusive.
2  BIS central bankers’ speeches  On that sobering thought, ladies and gentlemen, please join me in welcoming Mr. Tharman Shanmugaratnam to deliver the 13th L.K. Jha Memorial Lecture on the challenge of inclusive growth. BIS central bankers’ speeches  3