Andy Haldane: 'We have allowed the voluntary sector to wither' Patrick Butler


Much of the discussion of the fourth industrial revolution relates to the disruptive impact of artificial intelligence, robotics, biotech, and big data on the world of work and business. It could lead to huge gains in productivity, wealth creation and human happiness. Equally, it may kill millions of jobs, fuel social tensions, and widen inequality. Civil society's place in this massive societal shake-out, reckons Andy Haldane, is relatively unexplored – but it will be profound. Haldane, the Bank of England's chief economist, is regarded as a "maverick" thinker among central bankers on account not only of his views on banking and financial regulation, but society more widely: from poverty ("scarcity of money reshapes your brain and reshapes your decision-making") to the importance of trade unions.