I believe that, if managed well, the Fourth Industrial Revolution can bring a new cultural renaissance, which will make us feel part of something much larger than ourselves: a true global civilization. I believe the changes that will sweep through society can provide a more inclusive, sustainable and harmonious society. But it will not come easily. Klaus Schwab Read Quote
Profitability, growth, and safeguards against existential risks are crucial to strengthening a company’s long-term prospects. But if these three factors constitute a company’s ‘hard power,’ firms also need ‘soft power’: public trust and acceptance, won by fulfilling a company’s social responsibility. Klaus Schwab Read Quote
A winner-takes-all economy that offers only limited access to the middle class is a recipe for democratic malaise and dereliction. Klaus Schwab Read Quote
We must address, individually and collectively, moral and ethical issues raised by cutting-edge research in artificial intelligence and biotechnology, which will enable significant life extension, designer babies, and memory extraction. Klaus Schwab Read Quote
An overwhelming number of economists, international civil servants, and policy-makers argue that a fragmentation of the Eurozone would cause a new depression and massive wealth destruction around the world. It would also end the period of economic integration that has characterized world politics since the end of the Cold War. Klaus Schwab Read Quote
For centuries, economic thinkers, from Adam Smith to John Maynard Keynes, have tried to identify the elusive formula that makes some countries more prosperous and successful than others. My curiosity about this topic spurred me, as a young professor of economics in the late 1970s, to research new ways of measuring national competitiveness. Klaus Schwab Read Quote
Talent is a by-product of education; the quality of a country’s human capital depends on it. Klaus Schwab Read Quote
The trends that are shaping the twenty-first-century world embody both promise and peril. Globalization, for example, has lifted hundreds of millions of people out of poverty while contributing to social fragmentation and a massive increase in inequality, not to mention serious environmental damage. Klaus Schwab Read Quote
When you can’t cope with change, you feel overwhelmed, and you look for a simple solution. Klaus Schwab Read Quote
Business cycles naturally entail peaks and troughs in employment, and socially responsible businesses should follow successful examples like Coca-Cola, Alcoa, Saudi Aramco, Africa Rainbow Minerals, and Google in working toward mitigating joblessness and enhancing people’s abilities to earn a livelihood. Klaus Schwab Read Quote
