From 600+ conversations with the world’s leading thinkers.
China for example, aims to increase their buying by 400,000 barrels a day in the last quarter of 2012, and will be adding over 750,000 barrels of new refining capacity. That economic engine is still turning.
The EU needs reform. Countries have transferred jurisdiction over legislations to a centre that makes decisions in somewhat of a vacuum, featuring a European Parliament that cannot itself initiate legislation. We have a paradox therefore where national parliaments give certain powers to the centre, without being compensated through the creation of an essential federal sovereignty.
We've had a collective gap of imagination around economic bridges. We know how to build bridges; we just don't build them.
We can cut our carbon emissions while achieving economic growth by replacing fossil fuels with renewable energy and energy efficiency. The technologies are already there, all we need is the political will.
Instead of looking at hoarded cash as being a 'rainy day fund' we need to view these balances as stores of economic growth. This cash represents potential investments, new jobs, new innovations and the potential for significant wealth creation and diffusion.
We're moving towards a world of increasing abundance. The poorest and wealthiest can access the same information because of Google; the same information Larry Page has! That same democratisation and demonetisation will occur in other critically important areas of our life.
Without understanding the rules of the game, you might assume that your outcomes are determined mostly by luck. People who end up unhappy about what they get conclude that they were unlucky or that the system was rigged against them. After enough of these experiences, they believe that's just how the world works.
Governments are keen to levy brutal taxes on the very engines that create the market for goods and services; lowering their propensity to spend and invest by removing the surpluses they would normally use to do so.
Even if there was no climate change… even if there was no problem with the environment… we would still need to replace the polluting infrastructure we have because it is too expensive and too outdated compared to modern, efficient, infrastructure.
None of this is new. The Romans traded forward contracts in commodities 2000 years ago; a Dutch fugitive, Isaac le Maire, conducted the first ever bear attack on a stock in 1610, leading also to the first ever regulatory ban on short-selling that same year.
Without the existence of Europe, smaller countries like mine [Estonia] would have a difficult time to survive economically or even from a defence perspective. The internal European market is absolutely vital for the functioning of the very different economies of the continent.
For the creator economy, NFTs represent a way for creators and producers of content to directly engage with the people who support them. It's a completely different model… a way for artists and creators to monetise much more effectively than incumbent platforms.