The truth is that technology will progress against all odds. But not every country will welcome it as an opportunity for further economic development. For a long time, we’ve had good reasons to be worried about Europe. But there are now reasons to question whether the US, too, will make the most of the current transition. Now it’s the entire Wester

It doesn’t mean that governments have no role to play—quite the contrary. But my overall impression is that we’ve witnessed a sharp reversal in who has the capacity to explore, discover, and deliver. In the past, only governments could break the constraints and pull it off at a large scale. Now it looks like governments (at least in the West) are s

Pourquoi est-il si difficile aux grandes puissances de mener des guerres couronnées de succès au XXIe siècle ? Une des raisons est que l’économie a changé de nature. Par le passé, les actifs économiques étaient surtout matériels, et il était donc relativement simple de s’enrichir par la conquête.

The age of the automobile and mass production was dominated by engineers and operational managers focused on efficiency. The Dark Ages of financialization were dominated by financial managers focused on quarterly returns. The new age of ubiquitous computing and networks will be dominated by entrepreneurs focused on high quality at scale. This is wh