From 600+ conversations with the world’s leading thinkers.
organisations will often behave in international economic theatres (such as China) with the same operational processes and assumptions as their 'home' environments (such as Australia) with the assumed protection of the legal, political and other systems of their 'home' environments.
I believe that working towards women's economic empowerment at the global level is the single most important battle we will fight in our lifetime, and that's because harnessing the incredible talents and potential of women is not only the right thing to do – it will also create stronger economies and a fairer society for all.
Milton Friedman had a postulate that capital would move into a region hit by an adverse shock. But as soon as you interrogate this postulate, it's manifestly rubbish. When Sheffield's steel industry collapsed, investment didn't flow in saying 'oh good, a depressed region.' It flowed out to the places which were booming and accentuated the divergence.
In the advanced countries, it is a very challenging time for people in the middle-income and middle-education range. They are being subjected to greater competition from labour saving technology.
It's really complicated to work-out how much of our wealth came from empire, it's like trying to take the egg out of a baked cake.
The role of the dollar rests on many other things, not just economics. There is a reason why the likes of Alfred Smith, and Karl Marx studied politics and not economics.
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.
You must tell yourself the truth about money if you're going to give it away well. If you can't live well with $999 million, there's something clearly wrong with you.
Another important argument for maintaining the status quo is that eliminating a core symbol of the monetary regime could disrupt common social conventions for using money, possibly in unexpected ways.
Putting a price on the good things in life can corrupt them. That's because markets don't only allocate goods; they also express and promote certain attitudes toward the goods being exchanged.
Today away from monetary policy, global factors drive inflation, and for tangible goods emerging market drivers are key. We note commodity consumption per unit of GDP explodes as per capita income rises from $3000/yr into the $5000 to $15000 bracket.
The first trillionaires are going to be created through space exploration. Imagine the mineral wealth on planet Earth, and then realise that Earth is just a tiny blue dot in our whole galaxy… which is just one galaxy in a universe, which could be part of many universes. Everything we think is rare on Earth, is abundant in space.