What's really clear to all of us in the business community is that GDP is slowing everywhere. And the reason is productivity has been declining now for 15 or 20 years all over the world. So we've got very high unemployment, and it's structural. And it's compounded by real-time climate change - that's really a game changer.
The EU Constitution is something new in human history. Though it is not as eloquent as the French and U.S. constitutions, it is the first governing document of its kind to expand the human franchise to the level of global consciousness. The language throughout the draft constitution speaks of universalism, making it clear that its focus is not a people, or a territory, or a nation, but rather the human race and the planet we inhabit.
What makes the IoT a disruptive technology in the way we organize economic life is that it helps humanity reintegrate itself into the complex choreography of the biosphere, and by doing so, dramatically increases productivity without compromising the ecological relationships that govern the planet.
Solar and wind are now cheaper in many places than some fossil fuels and within the next two years, three, four, five years at the most. What the exponential curve does isn't going to go away. It is totally over for fossil fuels and nuclear. Nuclear's actually gone out.
Companies that actually survive and flourish are going to change their business model from production to aggregating the networks and the network services and solutions. If you're a construction company or an IT company or a logistics company or an information data operation, to the extent that you can find ways to help build the commons, you can get some commercial value in that.
When you're sharing the music, you're not buying the CD. When you're sharing that video, you're not buying the TV. But we thought, really, there'd be a firewall. While near-zero marginal cost would impact virtual goods, we never thought it would move over to the physical world.
The Empathic Civilization is emerging. A younger generation is fast extending its empathic embrace beyond religious affiliations and national identification to include the whole of humanity and the vast project of life that envelops the Earth.
The modern age has been characterized by a Promethean spirit, a restless energy that preys on speed records and shortcuts, unmindful of the past, uncaring of the future, existing only for the moment and the quick fix. The earthly rhythms that characterize a more pastoral way of life have been shunted aside to make room for the fast track of an urbanized existence. Lost in a sea of perpetual technological transition, modern man and woman find themselves increasingly alienated from the ecological choreography of the planet.
James Watt patented his steam engine on the eve of the American Revolution, consummating a relationship between coal and the new Promethean spirit of the age, and humanity made its first tentative steps into an industrial way of life that would, over the next two centuries, forever change the world.
The revolution here is from hierarchical to lateral power. That's the power shift. So increasingly a younger generation that's grown up on the internet and now increasingly distributing renewable energies, they're measuring politics in terms of a struggle between centralized, hierarchical, top-down and closed and proprietary, versus distributed, open, collaborative, transparent. This shift, from hierarchical to lateral power, is going to change the way we live, the way we educate our children, and the way we govern the world.
With the communication internet, whole industries have been disrupted. You're in the publishing industry, you understand that. Before, we had newspapers, magazines - now you're on the web. I'm in book publishing. I don't have to tell you what's happened to us. Television has taken a hit. The music industry. But, thousands of new businesses have emerged on this new communication revolution platform. Not just Google, Facebook, and Twitter. There are thousands of operations. Businesses that are doing the platforms, the apps. They're mining the big data. They're creating the connections.
Economic activity is no longer an adversarial contest between embattled sellers and buyers "In the distributed economy, where collaboration trumps competition, inclusivity replaces exclusivity and transparency and openness to others becomes essential to the new way of conducting business, empathic sensibility has room to breathe and thrive. It is no longer so constrained by hierarchies, boundaries of exclusion, and a concept of human nature that places acquisitiveness, self-interest, and utility at the center of the human experience."
It seems disingenuous for the intellectual elite of the first world to dwell on the subject of too many babies being born in the second- and third-world nations while virtually ignoring the over-population of cattle and the realities of a food chain that robs the poor of sustenance to feed the rich a steady diet of grain-fed meat.
Starvation does not occur because of a world food shortage. If everyone ate a vegetarian, or better still, a vegan diet there would be enough food for everyone. The only sane way forward is to grow food for humans rather than to feed it to farmed animals.
I think capitalism will not disappear, but it's going to increasingly not be the exclusive arbiter of economic life. It's going to have to find value in interacting with the sharing economy on many levels. And this hybrid system that's already emerging among millennials is going to be a mature system where, by midcentury, part of the day will be in the capitalist market, part of the day in the sharing economy, depending on your marginal costs.
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