Thursday, August 04, 2005
The world needs a new economic model
An economy like that of the US cannot be created again on this planet – it borrows, buys and controls huge amounts of the world’s natural and financial resources. Attempting to create such an economy elsewhere is likely to result in acrimonious disputes. Even wars. Let alone the disastrous consequence on the environment. We are already witnessing the rise in competition and disputes for the control and access to world energy resources with the growth of energy consumption from the booming Chinese and Indian economy. Creating a more resource efficient economies is the only sensible and possible alternative. Therein also lies the biggest opportunity for the coming generation of entrepreneurs.