A global economic system is developing without a global society to provide the necessary framework for these developments or to correct the distortions brought about by market fundamentalism
from The Crisis of Global Capitalism: Open Society Endangered
If we want a sustainable, healthy economy we need to create systems which contribute to the reasons we are creating an economy.
Sustainable and healthy economic systems are socioeconomic systems, – systems that contribute to our economic and social interests at no cost to either.
My Point of View
The Third Industrial Revolution
The global economy is in crisis. The exponential exhaustion of natural resources, declining productivity, slow growth, rising unemployment, and steep inequality, forces us to rethink our economic models. Where do we go from here?
A Third Industrial Revolution is unfolding with the convergence of three pivotal technologies: an ultra-fast 5G communication internet, a renewable energy internet, and a driverless mobility internet, all connected to the Internet of Things embedded across society and the environment.
This 21st century smart digital infrastructure is giving rise to a radical new sharing economy that is transforming the way we manage, power and move economic life. But with climate change now ravaging the planet, it needs to happen fast. Change of this magnitude requires political will and a profound ideological shift.