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Isabell Welpe, Chair for Strategy and Organization at the Technische Universität München, and Albert Wenger, Managing Partner at Union Square Ventures, had a fascinating discussion about the state of the globalized economy. What can Covid-19 teach us about capitalism and its limits? How badly will the pandemic hit the economy, what can be done to limit the damage? What chances for a better future does the current crisis hold?
Isabell M. Welpe is a Full Professor at the Technische Universität München and holds the Chair for Strategy and Organization. Her research interests are in the area of strategic leadership, organizational design and the impact of digital and social technologies.
Albert Wenger is a Managing Partner at Union Square Ventures. He led the firm’s investments in Etsy, Twilio and MongoDB and serves on the boards of Blockstack, Clue, Foursquare, goTenna and Shippo among others. Wenger graduated with degrees in economics and computer science from Harvard College and holds a Ph.D. in Information Technology from MIT. He is @albertwenger on Twitter, blogs at https://continuations.com and is the author of World After Capital (free to read in any browser).
The easy way to rediscover your favorite moments of the talk.
|0:05||Intro by DLD founder Steffi Czerny.|
|2:00||The limits of capitalism.|
|6:30||Consumption choices: How much of a difference do they really make?|
|9:00||The case for a Universal Basic Income.|
|10:40||The “job loop” – working, consuming, working.|
|12:10||A need to differentiate: Where markets work – and where they fail.|
|14:20||The price of a pandemic.|
|15:25||Redirecting human attention.|
|16:20||University research caught up in a market economy.|
|18:00||The vision of a Knowledge Age.|
|19:45||Three kinds of economic freedom.|
|22:55||A crisis of capitalism – or of democracy?|
|25:15||Can we expect the system to disrupt itself?|
|28:15||The pros and cons of centralized systems.|
|29:50||Why markets fail to value human attention.|
|33:30||Bitcoin to the rescue?|
|36:30||Future skills and the search for purpose.|
|38:45||Central banks and financing a UBI.|
|41:15||Economic growth and planned obscolescence.|
|44:20||The future of democracy.|
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