QUEBEC — Nouriel Roubini, the economist from New York University’s Stern School of Business who earned the nickname “Dr. Doom” when his predictions of an economic meltdoom came true in the 2008 recession, sees co-operatives as part of the solution.
Speaking at the International Summit of Co-operatives in Quebec City’s convention centre Tuesday, Roubini said he has known about co-operatives, “since I was a child.”
Growing up in Italy, co-operatives were involved in agriculture, financial services and retail, he said. Later, working on a kibbutz in Isreal, he learned about “sharing with other people and common goals.”
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