From 600+ conversations with the world’s leading thinkers.
There's an innate tendency in human-beings to sort ourselves by how much we want power. Some of us don't want it at all, some of us are absolutely obsessed with it. The interaction between the individual and the system is therefore critical.
In the Fourth Generation war, the state loses its monopoly on war. All over the world, state militaries find themselves fighting non-state opponents such as al-Qaeda, Hamas, Hezbollah, and the Revolutionary Armed Forces of Colombia. Almost everywhere, the state is losing.
A refugee, we might say, is a person fleeing life-threatening conditions. In daily parlance and for journalist purposes this is roughly the meaning of refugeehood. Predictably, in legal and political circles, among those officials who formulate refugee policies for states and international agencies, the meaning is considerably more circumscribed.
We estimate with the World Bank that US$20-40 billion each year is lost in developing countries through corruption. If you add to that $5 billion each year in stolen assets, it clearly shows that corruption is a serious obstacle to the achievement of the millennium development goals.
One thing that really helped us was NOT following the IMF prescription, and hence I think the fact that we insisted on having growth (alongside stability) was something that made for a big change in Brazil.
I think transparency in this sense is a red-herring. A multi-strategy hedge fund could give an investor or the SEC it's daily trade blotter and accomplish 'transparency,' and the recipient would have no idea what to make of the trades.
These unprecedented floods demand unprecedented assistance.
The ability for hedge funds and other private investment product to advertise is certainly a big deal that will have lasting impact on the manner which these products are distributed and marketed.
China has created a new form of capitalism- state capitalism. Some people call this 'market Leninism' or a communist party without communism. It's a hybrid system which has been very economically successful, and only certain Asian countries have been able to use this remarkable system.
Once the cancer of authoritarianism gets into the veins and organs of society, it's not easy to get-out – they have this very specific way of paralysing political mechanisms and dismantling the fundamental human logic.
We're starting to realise that business is a major force in deciding the sort of society we live in- and so the role of business must be more in tune with political, social and moral norms of the day.
There is an honest trade-off between labour market protection and learning. If you have an extremely static labour market—like the high protection laws in France or Spain—you get stability, but you sacrifice learning. You pay a 'learning cost' for that 'stability dividend.'