It's true that globalization, with all its fantastic improvements in the world and the technological progress linked to it, has increased inequality at country level, especially inside countries. And there are people that were left behind - people, sectors, regions - that has created a sense of frustration in the rust belts of the world.
Some people think it's a law that when productivity goes up, everybody benefits. There is no economic law that says technological progress has to benefit everybody or even most people. It's possible that productivity can go up and the economic pie gets bigger, but the majority of people don't share in that gain.
It turns out that the greatly underestimated downside of technological progress is a fractured world.
Once computers can program, they basically take over technological progress because already, today, the majority of technological progress is run by software, by programming.
I'm serenely convinced that we are heading into what will amount to a 'time out' from technological progress as we know it.
Ultimately, what the tech industry really cares about is ushering in the future, but it conflates technological progress with societal progress.
We adapt to technological progress by raising our minimum standards of living and working to stay above this rising threshold.
Despite our high rate of unemployment, 300,000 jobs go unfilled largely because many of the unemployed lack the skills needed today as a result of technological progress.
Fiscal decentralisation does not lead to higher economic growth because economic growth is much more driven by factors other than taxes and spending, e.g. increases in technological progress and improved human capital.
Tomorrow there will be no division to Europe and Asia. These are old concepts that would remain only on maps. Everything will be united. Companies will be united. It is a process of structures growing due to the technological progress.
