Collapse or reset !

Civilizations make three great mistakes when it comes to economics.The first is consuming more than they invest. The second is investing in things that don’t really create wealth. The third is not distributing that wealth equitably enough for social stability and the virtuous cycle of lasting prosperity to really ignite.

Codex AI

Codex, built by OpenAI, one of the world’s most ambitious research labs, provides insight into the state of artificial intelligence. Though a wide range of A.I. technologies have improved by leaps and bounds over the past decade, even the most impressive systems have ended up complementing human workers rather than replacing them.

ESG futures

The most egregious example of the ESG industry’s self-serving vagueness — its ‘cloudy linguistics’ and ‘marketing gobbledegook’, in Fancy’s words — is the blurring of the distinction between risk and impact. As Fancy writes, ‘protecting an investment portfolio from the disastrous effects of climate change is not the same thing as preventing those disastrous effects from occurring in the first place.’One salutary effect of the ESG backlash will be to make it much harder to dress up ESG risk management as being about making the world a better place.

Serendipity Mindset

In my research into what makes individuals and organisations fit for the future, one insight has come up again and again: many of the world’s leading minds have developed a capacity, often unconscious, to turn the unexpected into positive outcomes. Developing this ‘serendipity mindset’, as I call it, is both a philosophy of life and a capability that you can shape and nurture in yourself. (Note, while this approach has been successful across many settings, it does need to go hand in hand with tackling the structural inequality related to factors such as race, gender and income.)

Climate change and capitalism

But whether we deal with climate change or not can’t be held hostage to executives’ ability to turn a profit. To handle this crisis, capitalism will have to be replaced as society’s operating system, setting out goals other than the boundless accumulation of private wealth.

American CEOs make 351 times more than workers.

“Today in the US, the CEO-to-worker pay gap stands at a staggering 351 to one, an unacceptable increase from 15 to one in 1965. In other words, the average CEO makes nearly nine times what the average person will earn over a lifetime in just one year.”

American CEOs make 351 times more than workers. In 1965 it was 15 to one | Indigo Olivier via Instapaper

What if Humans Just Can’t Get Along Anymore?

Opinion | What if Humans Just Can’t Get Along Anymore?

The population bomb never went off. The world’s birthrate declined as the poorest people were lifted out of poverty. And as the pioneering political economist Elinor Ostrom showed over a lifetime of research, there are countless examples of people coming together to create rules and institutions to manage common resources. People aren’t profit-maximizing automatons; time and again, she found, we can make individual sacrifices in the interest of collective good.