| By interaction, ideas and his view on the world,
man has come to where he is now, but we are in a different era than any other. |
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anything of value, including money, our identities, cultural assets like music, and even a vote can be stored, managed, transacted, and moved in a secure, private way. |
If we don't want to get stuck, then we are obliged to follow a
common ideal as to how to live together, not by nationalistic / populistic aspirations, but by making compromises and by
building a common factual basis, a shared analyses
framework. |
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| CAPITALISM, BUSINESS & SOCIETY |
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There exist perverse incentives inherent in a largely unconstrained capitalist system. These incentives drive behaviors that increase inequality, reduce social mobility, devalue communities, deplete soils, acidify oceans, destroy biodiversity, trigger mass migrations and social instability, and fuel violence and war.
From the perspectives of a growing number of business leaders, investors and policy makers, these incentives are now creating unacceptable systemic risk. This is why the systemic design flaws in unconstrained capitalism are creating unlikely bedfellows. We need a change towards an economic system that distributes more fairly, using new trends in corporate social responsibility and innovative digital techniques. A new socio-economic model will arise and we will do business in a different way. The blockchain and associated technological changes will massively disrupt current economic conditions. The industrial revolution ushered in a world where business models were predicated on hierarchy and financial capitalism. The blockchain revolution will see an economy dominated by human capitalism and greater individual autonomy. How that unfolds is unclear at present. Entrepreneurs and innovators will resolve uncertainty, as always, through a process of trial and error. No doubt great fortunes will be made and lost before we know exactly how this disruption will unfold. |
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