Taming the fourth Industrial Revolution
Innovation in any guise has always provoked opposition. This is all the more so when it occurs in pharmaceuticals, in genetically modified foods or in information and communication technology. Innovation is feared by some for its disruptive capacity and its penchant to foster change. Unfortunately, most of us do not even realize the import of taking change for granted which is why human ingenuity is hardly appreciated, particularly in the financial markets.
Investors obsessed with pedestrian concerns, fears of competitors from around the world, the glut in oil which could trigger the collapse of the world economy. Indeed, worries about world economic recession are not far-fetched, yet the fear of world economic recession, excessive debts and under regulation is at the heart of new economic measure in the country.
What is more, the advent of new technologies holds the promise of a fourth industrial revolution. That was the theme of this year