Leadership of the Next New Economy | #8 | Venture Capital in the 21st Century

What will the next technological revolution look like? What challenges will be posed by climate change? Economists cannot approach it merely as an externalities pricing problem, but one which will require a wider range of policies to be effective. A new Green Economy needs to be built, which will require a mission-driven State prepared to invest on a massive scale. Political leadership may be currently fragmented and resistant. But the incentives to collaborate among nations, particularly between the United States and China, will become increasingly compelling.