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Opinion | The United Kingdom Has Gone Mad - The New York Times
By Thomas L. Friedman
Opinion Columnist

April 2, 2019

What do the most effective leaders today have in common? They wake up every morning and ask themselves the same questions: “What world am I living in? What are the biggest trends in this world? And how do I educate my citizens about this world and align my policies so more of my people can get the best out of these trends and cushion the worst?”

So what world are we living in?

(1) We’re living in a world that is becoming so interconnected — thanks to digitization, the internet, broadband, mobile devices, the cloud and soon-to-be 5G wireless transmissions — that we are becoming interdependent to an unprecedented degree. In this world, growth increasingly depends on the ability of yourself, your community, your town, your factory, your school and your country to be connected to more and more of the flows of knowledge and investment — and not just rely on stocks of stuff........The key to creating economic value has been to acquire some proprietary knowledge stocks, aggressively protect those knowledge stocks and then efficiently extract the economic value from those knowledge stocks and deliver them to the market. The challenge in a more rapidly changing world is that knowledge stocks depreciate at an accelerating rate. In this kind of world, the key source of economic value shifts from stocks to flows......yet Britain is ruled today by a party that wants to disconnect from a connected world....
(2) Understand that in a world of simultaneous accelerations in technology and globalization, keeping your country as open as possible to as many flows as possible is advantageous for two reasons: You get all the change signals first and have to respond to them and you attract the most high-I.Q. risk-takers, who tend to be the people who start or advance new companies.....The best talent wants to go to the most open systems — open both to immigrants and trade — because that is where the most opportunities are. Britain is about to put up a big sign: GO AWAY.
(3) wise leaders also understand that all the big problems today are global problems, and they have only global solutions: climate change, trade rules, technology standards and preventing excesses and contagion in financial markets......small states/middle powers need to be part of a wider coalition like the European Union.
(4) the best leaders know a little history. Trump is fine with a world of competitive European nationalisms, not a strong European Union. So is Vladimir Putin. So, it seems, are the Brexiteers. How quickly they’ve all forgotten that the E.U. and NATO were built to prevent the very competitive nationalism that ran riot in Europe in the 20th century and brought us two world wars.
accelerated_lifecycles  Brexit  Tom_Friedman  United_Kingdom  21st._century  EU  historical_amnesia  history  information_flows  interconnections  middle-powers  proprietary  questions  small_states  interdependence  talent_flows  technical_standards  open_borders 
april 2019 by jerryking
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