At this year’s Global X meeting, I was particularly struck by the discussions around Artificial Intelligence and platform economics with the likely enormous impact on all industries. If we can manage to create the platforms correctly, they will not just severely disrupt value chains but also be greener than before.
Also of note was the discussion around uncaptured GDP and the era of abundance: two notions which fundamentally challenge the classical economic models I grew up with, and that neatly complete the (much better covered) field of externalities. After all, it is not just that our national accounts fail to capture the costs of polluted air and depleted natural stocks, but also, they fail to include much of the “value” generated in (especially through) services according to the research presented.
In any case thanks to all contributors and participants for a fascinating time, and great to hear the inputs of Europeans, US Americans, Canadians, South Americans and Asians in such an intimate format! Also thanks to Brenda Fox, Leena Ilmola and John Casti for organising the whole thing in Vienna.