OPINION

Extend-and-pretend runs out of puff

News, Satyajit Das, Published on 06/02/2018

» The default operating model today for seemingly all economics, business, social policy and environmental decisions is "extend and pretend", colloquially known as "kicking the can down the road". This approach brings forward benefits or gains, often based on cosmetic solutions, and defers risks or costs into the future. It's a convenient model for many reasons. But it's now in danger of breaking down.