Ngaire Woods on Global Economic Governance
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If you offer no vision for the future, someone else will. Our geopolitics cannot tolerate a vacuum, and if you retreat- whether physically or ideologically- someone else will come up with a plan which may not be complementary for democracy.
Most people we have worked with who have accomplished great things have an other-centred purpose, and that's never just 'make a lot of money…' – it could be to make women's lives easier, to close the inequality gap, to change the world, it's something which isn't strictly personal and selfish.
Suddenly, your intuition about what to build is much more likely to be right because you're building what's missing in the future. You're tinkering with technologies first hand, understanding what's new about them firsthand, and understanding what's missing to fulfill and actualize their full potential firsthand.
Technology should be leveraged to enhance the physical and human experience, not replace it.
It's not that capitalism is failing, but rather that the organisation of capitalism is succumbing to wealth and power. People with extraordinary power and wealth will organise and enforce markets in such a way that it benefits their wealth and adds to their power- it becomes a self-fulfilling prophecy- a vicious cycle of more wealth and power.
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