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tv   Business - DW Debate from the World Economic Forum in Davos  Deutsche Welle  January 26, 2019 10:15am-11:00am CET

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just before the break only for hats as a dad it's a bitch to equalize and added time to all the final school and what will be remembered as a scintillating and count. and now quick reminder of the top story that we're following for you today u.s. president donald trump has announced a deal temporarily ending the government shutdown public sector employees can return to work for twenty one days in the meantime republicans and democrats will begin to shake trump's request for a wall along the border with mexico. if you're up to date thanks so much for. what's coming up for the book is. what. it's called take a look for the title of. the weekend on. the low in
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a very warm welcome to the door to door debate at the world economic forum in davos switzerland i'm sara kelly today we're talking about how did she have a more equitable world there are new new social challenges and digitalization increasingly influences that we work with business the way the interact millions of workers have already been displaced due to automation and many more could follow in fact the shifts in our economy are expected to be so dramatic it's being called a fourth industrial revolution. on the one hand you have the projection that vast amounts of wealth are to be created but on the other inequality is expected to rise so does the fourth industrial revolution for social revolution joining me now to discuss we have a very distinguished panel will be on the mark is the executive director of the not for profit ox fam. bob morris is the global chairman of peter do you see i mean how
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can in the c.e.o. of need a national institution for transforming india hillary kind of the social entrepreneur and a government consultant and to be rung on is a professor of strategy and management at n.c.i. i thank you so much to all of you for being here today please join me in welcoming our panel. and now we are like to begin with you because at oxfam you are fighting poverty around the world and you have a long history yourself of social causes of supporting them how do you see the state of inequality right now set the stage for us where does it stand and what happens if we do not take dramatic action in the screen economic inequality is out of control someone has released a report this week showing the extent of extremely quiet and how it's growing last
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year unknown the wealth of billionaires was increasing by two point five billion dollars every day two point five billion dollars while the wealth of the bottom hard for few money to three point eight billion people decreasing by five hundred million dollars every day the trend with a few at the top running away with wealth and those at the bottom thinking and think and for that and to do two hundred sixty two million children are not in school because their governments don't have to read the news to roll out free education ten thousand people will die today because they contact public health it isn't there for them and when the wealth of billionaires increases in india. i know
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a woman there called pratham mom she lost her twins very recently because her and local clinic didn't have medicine didn't have a doctor but that's a country where billionaires happening creased. they could double would but it's also the country with one of the lowest investments in health care for my children didn't have to diet but so we're in a world where governments do not tax where else enough do not tax the rich enough they are now them to door to have paying their fair share of taxes and in the meantime and public services are crumbling health and education in rich and in poor countries and that's definitely something that we're going to talk about in this conversation when we talk about some action oriented approaches but first i'd like to turn to you bob because you are running one of the lord's world margins on a day in consulting firms you're on a panel right now want to social revolution tell us where does business fit into
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the equation how do you think business is role in combat and inequality i think business has a huge role to play in battling the issues that we're talking about today and the reason for that is as you look at twenty and twenty thirty years to phenomena that happens first the business community at knowledge that i think are becoming more acknowledging of stakeholders the communities in which they're operating and the climate change issues that they're actually dealing with and the responsibility that they have to be part of that solution the second phenomenon is that the world is now their judge and jury. artificial intelligence social media and the like gives the world of voice where in the past you didn't have that opportunity so as they think about their brand as they think about their reputation as they think about their sustainability they've also got to be much more conscious about the world that they're living in and the world when you just talk about sort of the challenges there and the role that they play with and i want to ask you perhaps
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about this conversation is that corporate social responsibility is going far enough and how you might be able to push that forward especially in your role on consulting many of these companies but first i'd like to turn to you i mean talking to your running the indian government's policy think tank you are centrally the planners of india's economy i mean and this is a country where you see such extremes i mean you see the very wealthy you see the very poor in your country how do you see the prospects of closing the wealth gap in india. i believe in that goma's need to focus on your profession health education but for all these two billable you need more of technology and not less of acknowledged classic example of and delivered every indian to dance by omega every indian today has a more by i mean every indian today as a bank account between printing fourteen and seventeen indian government ensure that every family has
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a bank account fifty five percent of the bank accounts open across the world what in india one doesn't enabled in that was the board dotted benefit plans first moved into accounts of people and therefore might you know what acknowledged years unable to do was legal just to. huge amount of benefits a fluke well people and there's been that muscle emphasis on your question health and education just to give you an example we are tracking students across the board using longer to drill and not to do little methodology much like you got new budget so you are able to access the learning outcomes which is a huge challenge in india and similarly on by health we rule out the biggest scheme called the ice man but it will be linked up hundred fifty thousand primary health care centers with the district hospitals where specialist o'neill about and they are all in digitally but close to five hundred million indians
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a day have been provided health insurance get which is more than the population of us in europe and mexico put together so my belief those governments must focus on nutrition health and education use more of technology that is what is going to be the differentiator when of and making people live living below the poverty line cross followed your lives you know. methodology is gretchen above but my belief is my belief is highly questionable but they have. very major point that governments must focus must focus on should which will make it radical but people below and to your point just to point out for our viewers in fact oxfam recently said that inequality is increasing in your country something like more than seventy percent of the population. excuse me seventy percent of the wealth is owned by one percent of the population so perhaps we can talk a little bit more in the conversation about how we live is that when i can see you want to jump in here but first i'm going to go to hillary because he hasn't had an
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opportunity to talk to and hillary you actually wrote the article from which we got our title today a fourth social revolution it's a topic that you've really been focused on also on when you're working with families who are reliant on social benefits what inspired you to take on this cause and what is up for social revolution what's the vision so i think i work in communities i work in communities across the world but the last ten years in the u.k. with. many many people for whom it's really obvious that the brilliant welfare systems that we designed after the second world war no longer work because they have health conditions which can't be met because we've got aging populations because the world of work is changing so fast what's really clear is that in every industrial revolution we have a social revolution and actually what's also really important to win his point is that there is always a moment with every industrial revolution where inequality grows where there's
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a financial bubble and there's trouble i mean we had huge recession of the one nine hundred thirty and then what happens is that we have to design a social revolution because without that it's not just this is not just an argument about how corporate you can do good without the social revolution in fact the industrial revolution keeps most far and we can't make the transition to the new economy we don't have healthy skilled work workforce we don't have consumers earning at the level that can demand the goods at the next. i think also the critical point which is why i'm so. not with the basement today not happen by accident happens by design i mean different sectors come together community corporate sector government the state also has a really critical role to play in designing the new architecture because without that others can't come in and that's what we really need to but we need to think about it and then i hope we can move to this we need to roll up our sleeves and we need to get going on designing the architecture so we can make that transition and c b i'm curious to hear if you agree with hillary's assessment of the as an
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academic you also have this historical perspective on the trends currently at play right now in the current ecosystem and you know typically when you have seen advancements in technology you've also seen. advancements in prosperity advancements in health i mean is that the track that you see us on right now at the moment there's a tale of two cities right the best of times in the worst of times and we're seeing some of the contracting facts all of which are true and they may even relate to one time and place in the us today. in responding to about the institutions that got us here seem to be quite fragile that's why we meet in davos that's why we have these conversations because institutions are social innovations there are social technologies and we're trying to integrate both social technologies as well and it was very right i quite agree with the points that she has made my own stand on this there is the technology is incredible boom
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incredible from our eyeglasses to the shuttle that we take to come here looking on a.g.r. or something like this so i don't think we can i mean technology is a tool and a method technically in manufacturing manufacturing is a technology it's incredible that and what does technology get us. up there with the protection pleasure power. and today even personhood the biometric system that he talks about in india makes people respected identified so technology is an incredible thing second point it's dual use it's always been dual use all technology is dual use but how do you see the impact on inequality so the question then is how would we use the technology not whether technology is good or bad don't forget their society itself we talk about social revolution society itself is a technology it's
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a technology to manage our any dependence so how we use technology is a big thing and if you look at the countries with the highest wellbeing usually it's the nordic countries they are among the highest a doctors and developers of technology so the problem is not technology inequality is not high in the nordic region we know that if we believe the statistics so. let's talk more about why does that happen and why is the nordic situation not reproduced in other places and there indian government and business and civil society we need all of these voices absolutely and let's go to those noises acting right now because one of the conversations that's come up this week here at the world economic forum is a sort of new type of capitalism and bob with your connections to big business perhaps i can start with you what do you see as capitalism and acceptance and what opportunities do you see any sort of get it on the right track in order to deal
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with the inequality that we are facing in for the industrial revolution so i think if you look at it and what we've experienced i mean the outcomes that come from it it's clear that we have had a tremendous amount of benefit but we've left a lot of people behind and again not something of a theme that we've got here in davos you think about billions of people have come out of poverty but that's done nothing for the people who are still in poverty and as i said earlier that social media aspect actually gives a tremendous amount of transparency and creates a tremendous amount of opportunity of oyster frustration so the question becomes what is business government local communities doing about it the business community seems to think free opportunities one is how do i help governments actually create the infrastructure so well for technology to enable connectivity and accessibility information training to education and health care an expression and the like as we said earlier the panel the second thing is how can i actually leverage those platforms to deliver those goods and services so they're accessible to even those that are in a part of the liberals and the like who are effectively more efficiently with
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quicker better access but i want to come out of the other way which is how do we actually leverage technology to make sure that people have opportunity for jobs as well as opportunity to retain jobs and be fit for purpose and to look forward and this goes back to what are we doing in the education system to actually skill the people of the future and the people of today say are we fit for purpose is that the responsibility of the corporations or of the government well that's where it's going to. because the reality is when you look at the education systems in the world they're not moving fast enough to change what's happening in the business community saying you know what i need something so education a very important factor for for reasons which you have just illustrated but the reality isn't that the economy is not working for enough people as you've also highlighted and one of the ideas that has come up in this idea of new capitalism is a universal basic income our audience here new fan. base and in fact we see here that sixty one percent of you know if you do not support universal
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basic income this would be essentially a minimum wage for people who might be displaced it turns out that the majority of our panel also doesn't agree with it and we are just like you to perhaps because you've called for a more human centered upon amine an economy which values people over and over profits how do you see it. getting there. you see we now talk a lot about the fourth industrial revolution and technology and technological change almost excited as everybody else about technological change and the possibility of living in a decarbonise world of having health and working lives but the truth is that we are now in an economy that is really rigged in such a way that a few get better off and many others don't with this kind of extreme inequality many will remain stuck in poverty and technological change isn't going. to
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change their lives the world bank tells us at the rate at which poverty was reducing load and continue to go three point four billion people are just a quote fadia away or a medical bill away from falling back into it's been poverty because they're at about five point five dollars. so and it's not difficult to see once like that it's like that because rich companies rich people have been able to write the rules of the economy so that they are winners and other than those that we have to get government to get behind managing the quantum debt and that means one thing those who create wealth taxing them so that there is space. to pay for health free dictation for social protection of people so my point is
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that universal basic income can be a we need to do some social research biggish and yes but ultimately what we need is that wealth is generated in such a way that most people participate in it didn't research on nice introduction and also have time to have leisure and i see a lot of help but first i want to first i want to get to i mean time just really quickly our poll. maker on the panel and that's something that you have in mind when you're making policy in india i mean do you envision more of a fear of capitalism where you do have a higher tax rate for example for the wealthy in your country or what is your vision so you when you help you need a few years off on the scene may shows. one of the key things to my mind is to ensure that your sources if you fall more efficiently to make an impact to the lives of people living below the poverty line and none of you to do it enables you
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to do that. to be a very inefficient only fifty percent of the resources meant for the poor use to reach them to their daddy benefit grounds which we now do using the using the biometric methodology money goes straight into the bank account because you have an uncle who wouldn't go into the bank of go seventy percent of them you know in the in the names of the women many of those people that bank account and therefore linkages but what technology has enabled is by metric is enabled more by telephony and enable that money can just vanish from india the completely vanishing five hundred schemes of india where money goes straight into the bank account but again it's only got about tax. i think i'm not a great believe that you know excessive degree of tax creates huge amount of distortions if i'm a good believe that you know. also i don't louse francine's and
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i delight in poverty you know it's it's you know i might no no i'm not my thing i don't try to make my some money mine mine mine beneath my beliefs to a great extent what i believe for those who need. a huge massive difference to the lives of people to education to health to nutrition come. you make an impact you make an impact through technology but it was all done i can remember you know one improvement not only mick how do you do this you practice we're doing an aspirational district program where we are actually tracking the performance of hundred fifteen backward districts have been built to forty nine indicators of health education and nutrition we have a sense of competition among them to create a sense of competition all of them are competing you're putting their ranking in public bumi and good governance becomes good politics if you're naming and shaming
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boy you are not performing well so you are what you want actually going is putting the resources in a far more efficient group of money hillary i'm going to give you a chance to respond when he mentioned yeah i mean i have so much to say i'm not quite sure what's going on right. now i know nothing i want to say is i actually also want to move the conversation up a level because you know me the concept of the fourth social revolution is about flourishing for all so i really take when he points about inequality but i also think it's you know we're here because you know when christmas it's improving the state of the world and what i want to say is at the moment this world is not functioning for anybody actually we have problems of huge inequality but the affluent and we also have new challenges a strength of. oh i thought you know chronic conditions the point is that the things are not working and that we're at this kind of very very difficult moment and so i'm not really interested in conversations that are about oh you know we've got the health systems how can we get the more people in the room i'm interested in
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a conversation which is that actually the systems are not working and that we cannot keep having this conversation about how we get a few more people with exams and hoping that different form of learning we need a system is based around core capability absolutely everybody in this country to flourish and take part it is clear about the taxation systems that we have had in place our old outdated. not for the future and the reality is the government sort of set them up and set them up for protectionism in terms out of them some people actually come to their country and operate within their countries and second basically being for what i call the third revolution not the force so as we step back we actually have to rethink you mean if you think that's. not the reality is we are here fair share of taxes but the reality is the charge laws and regulations that we have to bear absolutely antiquated and the multiple stakeholders that we have to actually focus on as we created them from way back when but bob you're
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right and i'm hopeful when i hear. over this thing he's admitting that we have a tax system that's full of look or not fit for purpose for a digital economy and this conversation has to be about how do we pay for those services that are important for people living in poverty but also point quantum is right you can't have a raging economy without healthy people whether depleted workforce rule of you know all infrastructure and all these we have to pay them with tax and my point is the role of government because nineteen seventy the top income tax rate was around two percent today in two thousand and thirteen it was down to about thirty eight percent in poor countries even as low as twenty percent so you're we have seen rich people and rich companies negotiating themselves out of
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the tax bracket and the result of that public subsidies are collapsing having to ignore you just you know what enough and i know that it isn't going to solve the problem of not having the resources to plow into infrastructure people we need when talking about technology we've been talking about education we've been talking about tech tacks. and i just want to make sure that we also don't forget one point that has been brought up in this whole idea of new capitalism and that is that our economies are going to increasingly being data driven and you know who owns that data and how is it monetize how is it leveraged with that i'd like to turn to you on this how because how do you envision that because wouldn't data ownership owning your own personal data be an incredible opportunity for the people in your country living in role areas perhaps working in agriculture i think could monetize that could help them outside of poverty so let me first say that i mean do we tax
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the rich. we thought squarely but the government governments across developing countries work in a very very in the fisherman and therefore the using of technology can radically towns what you see in this transformation to the other biometric system we've seen this happening by monitoring learning outcomes we've seen this happening to digital that's a valid you are tracking all forty nine indicate those and creating a huge sense of competition on a real time database and that what is that is what is needed for real time targeting of every single anaemic woman. really i'm talking to every single stem picture this is what is required to do so it's efficiency it's better governance is better hawker so nutrition education and health and for putting resources into
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digital connectivity between the primary health centers in the district hospital let us not so my belief is that you need more of technology not less of technology to constable but how do you make the gap between how that benefit so you know it's to efficient it's an efficient use funds technology you really found spawn in a very this is the lives of citizens because you're monitoring your enjoying better implementation you're doing away with more leakage of i'm so on but let me come back to your basic issue about i mean your government will ultimately control that data no not so deep thought to my mind did those not at all the individual citizens that is that the data belongs to you and me not to the government and back needs we need to create a good um market means feeling that it will work and perform and that's my belief i do that it does not belong to the government like it doesn't belong to my view of google and facebook in china it doesn't belong in tree belong to parents and been
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anybody in the other going back india has created a very different model from the west. in the world of the chinese work we have created public entities but did not belong school individuals and not to government and not to privately when so might my sense is there's a lot of talk about the government and i think government is really important but if you look at trust trust in government has been declining despite all of now it would have declined even more if the government hadn't been doing kinds of things that i'm talking about so let's be clear on the kind of factual going back to the point inequality is not the issue it's concentration. if interests are what's the difference high differences are highly unequal we don't go and say let's control height inequality that reduces that right or weighting equality it is concentration of wealth that leads to a concentration of power and how that power is used whether by government or by
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wealthy companies or individuals and when it is misuse that's when trust goes down what are we going to use technology for we're moving from an economy focused on output to an economy that should focus on outcomes the outcomes we care about fairness wellbeing expanded humanity if we're not able to make that transition we will not trust technology let me especially just for the adjustment challenge is really about how do we take this human capital. both within firms and outside forms the youth when. elderly workers and of course the others who may not be included already in the market economy how do we adjust without in a pricing gauging on the adjustment that as bob talked about we're not going to be able to make it all the government programs are not going to be enough companies need to focus on these things and then we can get crossed back and then we can have
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more people further so you're put on a basically in the enterprise in the pros and i'm so lucky i just like to ask you if that's fair because i mean you also know the realities for example that c.e.o.'s deal with when it comes to their shareholders who expect them to create value generate revenue for the companies today we are going to get the business community as i'm doing enough but the reality is the investors that suppose we have an interest in environmental social responsibilities community responsibility and the longevity of their dental skill sets do they see them doing the right things or of a voice in their opinion with i'm not going past my company work i'm not going to stay there anymore likewise in the politicians that are not doing their job are we voice in with enough revolution the voice to say get them out and get them some somebody else into the mix so again if you want to talk about the revolution hopefully it's a peaceful one let's make sure that we're using the voices we have more in fact the change we're going to be peaceful if we get going i think that's a point yeah and so i mean one of the things i think is really important is the
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state is the state is the have gotten you know like after the second world war the state created the operating for and work and then we had the united nations we had welfare states we had a trade union movement and so on so that it is time and actually this happens in every industrial revolution eventually the state asked to step back and i might be radical help with a proposed new operating system but eccentric and as you know sarah my work is to actually build these new systems i mean that's my job is actually creating new welfare systems and they do rely on technology because we don't only have a new problem in the country we have one of abundance which is people that want to get involved if we design. by which i mean people in corporate you know this isn't it you're talking about voices everywhere if we design systems with a grain of peoples' lives they want to they want to help others and they want to be involved and so in the work i do i use technology actually to change the bird in a peaceful way the way that we're currently thinking about how we find work how we support people with chronic conditions how we challenge issues such as demographic
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challenges aging migration and so i learned from that it can then be taken away. you know from people who are doing their own work perhaps here so i think the first thing is that something that is very powerful is that in all the solutions that i design everybody joins in so i have for instance enterprises that support people into work and most importantly to progress in work because in the u.k. anybody can find a low paid job what you can't do is progress out about job and so for instance i create communities where people in work out of work and in between joined together and through that and through simple simulation exercises and people want to join of all walks of life for different reasons which we don't have time to get into but they do want to join. people make the connections and take the next step and move on now that the traditional way of running our welfare systems is to say we've got these massive problems we've got very little resource we need to get everybody out and try and find as your suggesting actually avatar who are the people that most needed but technology enables us to completely turn that on its head and say look
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what is most important is that everybody joins in we need these relationships and needing connections to each other whether it's citizens or business entrepreneurs and so what we can do is we can use those platforms and the more people who join the more effective they are the more relationships the more opportunities what is the catalyst though for a revolution because i mean that's really what we're talking about is that everyone is having a conversation about how to define what is the action oriented arghandab talked about trust and indeed i want to add to trust. this public people are angry and we're seeing what it is right because of so until people or god. i think quantum isn't working for iran change is going to happen the little bit of not the kind of change we need and they are organizing our lands are on the streets of paris opulence politics is on the rise of un so if you want to know how change happens and we've seen this over the centuries and we have some hypotheses one is
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behind the bottom up you know moral entrepreneurship is not so sure and since this is more along to commercial keeping those fundamentals henry's book is about a relationship that is a fundamental thing technology should enable and strengthen that and we should use that to address those deficiencies the outcomes that we don't kind of find at the same time academics and i couldn't make institutions we need to be working on the paradigm we're all operating within a big paradigm of the economy we call it capitalism let's say but whatever is in that we've got to kind of and if you are entrepreneurs and business leaders here are my plea to you would be even as you build this data even as you move into the cyber capital world and deepen your cyber capital at least deepen your moral capital and i assure you that academics are starting to work very late
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but we're starting to work on improving the paradigm if you want to scale change you need paradigm change of course we learn from practice we learn from what individuals are doing both in the private sector in the civil society in the public sector but we need this moral capital to complement i would capital and that starts with caring courage. and sacrifice if you are not willing to sacrifice things there is going to be no cross and it's the powerful who have to sacrifice it is the beginner price and they can not be waiting for the shareholders know baba runs a huge farm he can persuade his partners and his to put his career in the line i'm doing research which may not be much from you professor i do research on moral capitalism i work with philosophers now i have ten york so it's much easier. but in one sense we all have to step forward and sacrifice otherwise we're not going to go
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into this working world we can do it it's absolutely possible and to your point i mean there are stakeholders in the room here there are people who can influence change so hilary let me turn to you what do you see as the catalyst to inspire the social revolution you talked about the fact that there is this feeling of disenfranchised yes among many also here at the world economic forum we've been hearing all this week that the economic outlook is not as rosy as it was in the past years what do you see potentially on the horizon to get this changed well nothing changes about the vision and actually i think the vision has to be positive we don't join something that is about i don't know kind of losing something and we need i mean the biggest challenge of course is the environment we need something that is organized around a small green revolution which we know will create jobs which will create different standards of living so we have a big vision we have to paint in a way that everybody can feel they can see themselves as part of the story whether
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in my community in peckham in south london or whether the border p.w.b. have to be a big story and then we have to think about what the practical steps we need to get there and i call that a capability framework but what i'd also like to say is that this work everywhere everywhere i go in the world i think work that is already in the new paradigm but the problem is it's marginal at the moment it struggling through not wealthy. funded we've got a big conversation here at davos about metrics it doesn't fit existing metrics but we could move very very fast by as i say having a simple operating system and then funding and supporting everything which is marginal and that's what's happened in the last industrial revolution when we created our welfare state and you know the u.n. and so on not everything was new but people stood up and they said this is a vision it's a vision of flourishing for all we're not going to worry about war or the question what part of we're going to be bold we're going to say that everybody is going to gain from this industrial revolution not everybody don't want to come back to that
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but but the thing is then things that already existed were funded in a different way and were folded into this new framework and the lives of billions were transforms and that's what we need to do again. now what is your response to this because i mean you you know you have a lot of influence when you're consulting companies for example to sort of shape that vision as you you know help them work through efficiency is within the firms i mean is there something more that you see that you can do for example or well that leaders can do for example so a couple of things. as i said at the opening comments the business community is definitely now seeing the needs of many not necessarily just the needs and investors and again i don't want to generalize we have a tendency in davos sometimes to make absolutes and generalizations but that trend is getting better and it's getting better and there's more knowledge and others because it can be boisterous of employees that actually want to do this you want to talk about one element of optimism actually there was somebody in the audience i was on a panel with me yesterday he was usually optimistic y. because of the students he was interacting with again and are really having an
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impact and doing something about it and the world of possibilities for those that were not as privileged to get the opportunity actually having impact and the second thing that's really interesting is when you've gone through the previous revolutions if you look back in history the systems that you talked about were primarily dominated by one part of the world that had influence on the rest of the world what's really interesting now with the concepts and the mega trends that are out there we actually we have moved from singularity when you go back to british colonial zone or the american point of view what sense we have got different views on what those systems look like so the comments around the monitoring information some of the words used in terms of use technology well and india may work that we can monitor but there's a big concern in other parts of the world where big brother is going to be watching over me that's got a risk of another revolution come up that we've got a pipe or a within mail a whole bunch of different systems and how do we actually think about systems that might be regionalized with maybe some common frameworks but maybe there's some level of specificity and that's where the corporates are really worried about what
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this world order because if you're going to be the fourth industrial revolution data does not have borders and oh by the way the transparency point i made earlier does not have borders so how do i operate in this world. now different systems written by different countries with different points of view in the u.s. you are trying to view a new view on mentally ill give us a russian view whole bunch of complexity in terms of what do i do in that regard and it's not a one size fits all in the principles framework actually are. i'd like to ask you over the next year. if you could see one thing happening that would really capitalize meaningful social change on this issue of inequality what would the challenge is can you do it in sentences or last because we're nearly out of time here i'll begin with you yes i would like people to help me build a new form of work overnight station a new work a collaborative we need a different compact between workers and employers that brings all the financial architecture that doesn't work to find housing to kind of scale we need to build
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something that is completely different which everyone is a part and it's connected and this would be the most important stepping stone to making for the for social revolution and here we can make it happen so if you can help me please come and saw me off. so i'd love to invite you to think about three competent competent character contradictions please one year from now when we come back and we see one another i'd love to see the ratio of character to competence improve as leaders on top and nurse as academics let's engage our character more character means caring character meaning sacrifice character means putting others before yourself even when that hurts you and contradictions yes the world is full of contradictions let's embrace them it is a messy world and we will often be in second best not first best let's just avoid third best it's ok we are doing quite well i'm optimistic on the top.
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focus on nutrition and. just one thing nutrition and health we make all the difference in the world and everything about the hard thing to do i'll go back to what china and he has done is create the infrastructure for connectivity and then we can write the rules and really change the system soften the do we need to talk more about compromise when it's not more about what we're doing but it was important why we're doing it and the impact it's having we don't talk enough about that stuff when inequality this is your topic and like to give you the last word here today thank you so much. we need to look at the rules and the right for there to put units ignored it it can come to everybody i think the world. could get behind the rating the globe would talk to whom would be a good beginning to close those loopholes developing countries can have
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a hundred and seventy billion dollars that today goes through their borders and. tax movements they could add and the governments would do it behind paying for health and education or people aren't in order to dock. quite it in taxes but start giving everybody everybody every child to be in a classroom i think that would get us into the fourth industrial revolution in a way that everybody benefits and not just a few like a very much thank our panel for all of their insights all america to the patient today you have been watching the fourth social revolution our debate here at the world economic forum that has been the daughter bella debate i'm sorry kelly in davos switzerland thank you very much for joining us.
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ready for sunday column there until i. found out something changes recipe. dramatic spark clarks. the master chef from all over europe producing a warm a pleasure. to romantics in thirty minutes on d w.
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this is t w news life from battling the u.s. government shutdown is over at least for the time being. in a short while i will sign a bill to open our government for three weeks until february fifteenth. i will make sure that all employees receive their back pay very quickly or as soon as possible will happen for us but.


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