While you could build a house on your plot of land in the past, the number of regulations have today exploded, and it’s becoming increasingly difficult to do anything without the government’s approval. The claim that personal responsibility increased due to a decrease in government size, for example, is wrong. The book is also full of falsehoods regarding the nature and role of governments. It is not only full of historical, economic, and social inaccuracies, but it overtly promotes more taxes and less liberty, presented as “good for the well-being of the people”. I’ll be honest, this book is awfully written, and the world it describes is awful too. Surveillance will be carried out by governments, which will increase in size and volume. These could be avoided with more surveillance. Impacts are not isolated when catastrophes hit, but ripple and harm other parts of the world that at first view played no parts in the original event.Īs interconnectivity increases, we can expect more of these Black Swan events, and more rippling in the world. This interconnectivity is not making society stronger or more resilient, but weaker. The virus is only an event from the same series. We are no longer questioning if one event in a part of the world will have consequences on other parts - but how strong this impact will be.Ī few examples of this are the 2008 crisis, the 2011 Japan tsunami, or the blockade of the Suez canal. This interdependent complexity has made society bigger than the sum of its parts. So complex in fact that it is beyond our understanding, hence our difficulty to anticipate “Black Swan events”. Today’s world has three characteristics: it is interdependent, it is fast, and it is complex. Here are the three major trends of the book. I read the book, curious to see what Schwab got right and wrong, and how he viewed the ideal society. The book is supposed to give you a glimpse of what the future of human civilization will look like. Schwab is also the author of The Great Reset which came out in June 2020, in the midst of the pandemic. He founded the World Economic Forum, the conference where the worldwide elite (Bill Gates, Blackrock, authoritarian governments, and Greta Thunberg) meets up each year in Davos, the luxury Swiss ski station, to talk about poverty and the struggle of the working class. Klaus Schwab is a German economist and engineer.
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