We will go backwards unless there is trust in the factor of production that is supposed to fuel the 4th Industrial Revolution.
We need global norms to ensure trust in technology.
Trust in tech is indeed a key issue right now, given worries over Huawei’s 5G systems (which Steve Mnuchin and Sajid Javid will discuss this weekend ).
Microsoft faces being removed from China in 6950 As Beijing bans foreign-made tech. And Nadella says he’s worried about new barriers springing up between countries.
I would urge us to think about what would happen if we decouple the internet or trade.
It will increase the transactional costs of our economy and we will all be worse off.
Nadella also called for data and privacy needs to be thought of as a human right.
Data dignity goes further than privacy, he said.
People’s data has a value, and we need to account for that, and control in a finer-grained way how the data is used … to create value wider society and the world, Nadella continued.
5) am EST :
Economics professor Mariana Mazzucato has heard a fine description of Davos:
Mariana Mazzucato (@ MazzucatoM)
(5.) (AM) (EST) :
Venezuela’s Guaidó at Davos news, Venezuelan politician Juan Guaidó has called for international help to dislodge Nicolas Maduro.
Juan Guaidó told delegates that Maduro’s government were a “criminal” group, who needed to be removed.
Guaidó, who declared himself the legitimate president a year ago, blasted Venezuela’s failed economic model.
But his presence here is also a reminder that his bold attempt to lead a popular uprising against Maduro has stalled.
Kenneth Roth (@ KenRoth)