The policies they prescribe are a continuation or exaggeration of the previous policies that created the structural problems in the first place. I am therefore relatively pessimistic on the intermediate and longer term outlook for the U.K., the U.S., Spain and other countries where credit was readily available.

People don't know what it is that they're negotiating over… If you don't, then it's hard to know if you've gotten a bad deal, a fair deal, or a great deal! That's going to lead us to the negotiation pie, and with the negotiation pie comes the extra value that negotiators create by coming together.

The concept of Wikia is to provide a platform for communities to build 'the rest of the library', everything that doesn't belong in an encyclopaedia. The purpose is to empower the next wave of massive collaboration, and to extend participatory culture beyond just the non-profit educational and reference works.

Corruption is a collective mindset, anchored around a cultural mindset that shifts to become tolerant to corruption, and increased levels of corruption. When we talk about corruption it's easy to think of it as governments, but for corruption to work- and to be effective- it has to contaminate all the bodies of society.

At the level of individuals, teams, or even firms, knowledge grows and then saturates. It has a finite 'carrying capacity.' What is interesting is that while these individual units are finite, society at large looks infinite because of changes in the teams—the incumbents—that perform best.