The world financial landscape is changing. Are we ready?
The only certainty is more uncertainty, but money will play a critical role in the unfolding story
The simple answer is we are not in an either-or situation, but undergoing multidimensional simultaneous systems change. The late Henry Kissinger was right to identify that Americans like to think there is a solution to everything, whereas the Chinese know that with every solution, more problems could emerge.
We are undergoing a complex systems transformation, in which subsystems interact to change the whole, which then affects the parts. This is a more biological way of analysis, very different from the physics view of money, finance and the real economy.
Lest we forget, finance has always been a derivative of the real economy. Austrian-born British philosopher Karl Popper (1902-1994) saw reality and human perception in three worlds: the first physical, the second mental and the derivative third world where human interaction with nature forms and evolves language, science, culture and civilisation.