My own thinking regarding future areas of interest for business is very much focused on post debt and post hydrocarbon solutions. I am still undecided whether capitalism can exist as a political Economic choice without debt. Our monetary and Economic technology is far behind our technological capability. Time for a reboot!
Regarding debt technology and monetary backwardness Steve Keen has been calling for a Copernican revolution in economics to recognise the considerable forces mobilised by debt. This shorter video on the alternative to Neo Liberalism is well worth a watch.
Published on 24 May 2015 ´´When the economic history of our epoch is written, three key phenomena will feature: a period of tranquility giving way suddenly to crisis, rising inequality, and rising private debt. Using my model of Minsky’s Financial Instability Hypothesis, I show that these three phenomena are all related. There is a direct link between rising debt, rising inequality, and the crisis itself. The key to reducing inequality and ending economic stagnation is to reduce private debt through “Quantitative Easing for the Public” or a “Modern Debt Jubilee”. This is the keynote speech I gave to the #IEEP conference in Pula, Croatia on May 23rd 2015 Steve Keen