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Commentary

Nature 457, 962-963 (19 February 2009) | doi:10.1038/457962a; Published online 18 February 2009

Open Innovation Challenges

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Recession Watch: Cooperation must rule

Noreena Hertz1

  1. Noreena Hertz is a visiting professor of globalization at the Rotterdam School of Management, Erasmus University, the Netherlands, and a fellow of the Judge Business School, University of Cambridge, UK. Her most recent book is IOU: The Debt Threat (2005).
    Email: n.hertz@jbs.cam.ac.uk

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Navigating an unpredictable world will need different research disciplines to work together as equals, says Noreena Hertz.

We are witnessing the coming home to roost of the era of 'Gucci capitalism'. An era, born of the mid-1980s, that failed to question the market's ability to self-regulate and tilted the balance of power between corporations and society firmly in the favour of businesses.