These complex, mutually reinforcing problems demand quick, and likely even shocking solutions. We must provide more space for transformation, innovation, and risky experiments. This is already possible, as shown by digital currencies (Bitcoin and Etherium), social interventions like Universal Basic Income, and an entire digital government for people in and outside a country, as has been implemented in Estonia.
Innovation calls for vision, big thinking, and long-term investments that are often uncertain and experimental in nature. Examining today’s leaders, we see the opposite: boardrooms where top managers operate in fear of liability and PR catastrophes and where lawyers pore over every memo; activist investors seeking to strip sustainable companies like Unilever. These are symptoms of an anxious society petrified by risk– one which tries to play a boxing match without getting hit.