Being an economic policymaker is in many ways like sailing a boat. That is, the government is able to tack or trim with greater or lesser skill, but ultimately it cannot change the direction of the wind.
Berlusconi is not a well-read man, but he instinctively understands what is required to win a fight. A true conquistador and an inpatient optimist. A fascinating and complex character whose immense talents have constantly been underestimated by the people around him.
While Communism 1.0, the philosophy that governed China for most of the 20th century, was based on heavy industry, artificial intelligence and technology is at the core of Communism 2.0, providing a largely bloodless method of extending total control over the population.
The sale of indulgences generated so much money in the 15th and 16th centuries that it alone financed the opulent Sistine Chapel and St. Peter's Basilica in Rome. However, the path to riches has been bumpy, and the church has repeatedly been on the verge of bankruptcy.
The stimulating effects of quantitative easing and sustained low interest rates created two shaky pillars under the economy, synthetically pumping securities and distorting the risk associated. Effectively creating the everything bubble, where prices are driven by easy money instead of fundamentals.
An expanding universe filled with scarce resources builds a financially lucrative case for commercial exploitation of space. And now we are witnessing a revival of the space industry due to high levels of private funding, advances in technology and growing public-sector interest.
The rising influence of individual investors in the market came to light in early 2021. A combination of costless data and costless trading mixed with strong digital communities resulted in a cocktail that Wall Street had not tasted before.
Today, we see a new paradigm shift in the relationship between state and business. The bossy state is the new status quo. A state driven by the population’s demand to find solutions to social justice and climate by actively intervening in the economy.
Sensetime, a Chinese AI company, delivers surveillance cameras with facial recognition technology to more than 100 cities in China. The intent is to track everything from traffic accidents to crime and make life safer, but in the background lurks a darker reality of surveillance and oppression.