As chair of Britain's Financial Services Authority, Adair Turner saw the collapse of the financial system from the very top. In the aftermath of the crisis, he became one of the main advocates of helicopter money - but today he doubts if universal basic income is the best way to address growing inequality.
Nobel laureate Joseph Stiglitz tells EURACTIV.com that the region would be accepted in the EU and therefore become a viable independent economy if it applied, but the former chair of the UK's Financial Services Authority Adair Turner disagrees.
Focusing on correcting market failures risks avoiding dealing with the real cause of the financial crisis, writes Adair Turner, chairman of the United Kingdom's Financial Services Authority and a member of the House of Lords.
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