Showing 1 - 3 of 3
Extend-and-pretend runs out of puff
News, Satyajit Das, Published on 06/02/2018
» The default operating model today for seemingly all economics, business, social policy and environmental decisions is "extend and pretend", colloquially known as "kicking the can down the road". This approach brings forward benefits or gains, often based on cosmetic solutions, and defers risks or costs into the future. It's a convenient model for many reasons. But it's now in danger of breaking down.
Virtual cash not a global panacea
News, Satyajit Das, Published on 23/05/2017
» Even now, after the chaos caused by India's decision last November to eliminate nearly 90% of its banknotes, few people would argue with the policy's underlying assumption: Going cashless is, if handled well, a good thing. Yet the fact is, most arguments in favour of demonetisation don't stand up to scrutiny. And those that do should raise other concerns.
No such thing as the fourth industrial revolution
News, Satyajit Das, Published on 30/11/2016
» The theme of the 2016 World Economic Forum (WEF) in Davos was the "Fourth Industrial Revolution". Professor Klaus Schwab, WEF's founder, has even published a hasty, crowd-sourced book. He warns that the scale, speed and impact of new technologies, focused on artificial intelligence, robotics, the Internet of Things, autonomous vehicles, 3D printing, blockchains and biotechnology, are "so profound" that in history "there has never been a time of greater promise or potential peril".