I am glad to “change the club” for a moment, not least as Sitra is originally a spin-off of the Bank of Finland, some half a century ago. Already in 1987, the report of the World Commission on Environment and Development – known as the Brundtland Commission – defined the need for economic growth to be socially and environmentally sustainable.
Thus, while the probability of such an outcome may be small, its consequences, in my judgment, should not have been left solely to chance. We have observed that global financial markets, as currently organized, do not always achieve an appropriate equilibrium, or at least require time to stabilize.