- Jan 16, 2019
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Klaus Schwab addresses leaders at the Business 20 (B20) Summit. The official dialogue forum for the worldwide G20 business community. Which aims to deliver “concrete actionable policy recommendation on priorities by each rotating presidency to spur economic growth and development.”
Key Points
“What we have to confront is a deep systemic and structural restructuring of our world, and the world will look differently after we have gone through this transition process.”
How do we deal with this transition which will last several years? “If you restructure a company, you write off costs & shareholders suffer, but if you restructure an economy, the result is a reduction of disposable income which will lead to extensive social
tensions.”
“The fourth industrial revolution, we are at the inflection point, technology will change completely what we are doing, and it will change who we are.”
“In the fourth industrial revolution the winners will take it all, so if you are a WEF first mover, you are the winners.”
"Finally Governments and businesses must cooperate (stakeholder capitalism) to become a fast fish, its not about the big fish who eats the small fish, but it is the fast fish who eats the slow fish.”
Welcome to the future.
Key Points
“What we have to confront is a deep systemic and structural restructuring of our world, and the world will look differently after we have gone through this transition process.”
How do we deal with this transition which will last several years? “If you restructure a company, you write off costs & shareholders suffer, but if you restructure an economy, the result is a reduction of disposable income which will lead to extensive social
tensions.”
“The fourth industrial revolution, we are at the inflection point, technology will change completely what we are doing, and it will change who we are.”
“In the fourth industrial revolution the winners will take it all, so if you are a WEF first mover, you are the winners.”
"Finally Governments and businesses must cooperate (stakeholder capitalism) to become a fast fish, its not about the big fish who eats the small fish, but it is the fast fish who eats the slow fish.”
Welcome to the future.