From 600+ conversations with the world’s leading thinkers.
Financial markets depend on trust, and we had precious little trust as it was. The LIBOR scandal has done nothing to restore that trust. We have to do a lot more work on our regulations, procedures and regulators to re-establish that level of trust.
In rich countries, 'innovation' often means finding a better way of doing things. But in developing countries, it can mean finding a way to do things at all.
The end of an X-Prize is the beginning of a new market, or a new market opportunity. We are nothing more than a distinct channel to that market.
The 'black swan' doesn't appear very often in coin-toss land but in agent based complex systems land, it appears quite a lot.
I've worked with many entrepreneurs and billionaires and I see the same trend over and over again. What they want is someone to manage the liquid side of their portfolio, and they want to take a huge chunk out and use it as their risk capital on things they know and can control. The money didn't just drop-in… it arrived through creation and building! These individuals are always going to be about growth….
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; this is ineffective, and denying this is not helping us debate what is wrong with the EU and how to fix it. We need to work together as nations to reform and democratise EU institutions.
It was visionaries with a quest for achievement who made Apollo happen, and it seems to me that now? Our sense and spirit of adventure boils down to what we can afford, and not what we can learn or achieve by doing something.
Our system has never defined what it means to be 'good' – what is the ideal human being in capitalism? Is it Jeff Bezos? Is it Steve Jobs? They thrived, they profited, are they 'moral'? The ideal human profile of capitalism does not fit with our basic human dignity.
It's clear to me that small businesses, particularly micro-enterprises, have been responsible for the majority of the gross job creation in the last five years... particularly through the recession....
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.
This isn't about shareholders becoming like Greenpeace but realising that return on investment requires you to understand your risks and that requires you to understand, and act on, your relationship with society.
What is obvious is that the first reason people use drugs is that they're there. You can't use drugs unless they're there, and they're cheap for your pocket or for the fruits of your stealing! For that reason, we need to get a deeper understanding of the fundamental question of why drugs are available on our streets.