New world order after covid : The Covid-19 pandemic has wreaked havoc on our lives and the economy in unimaginable ways.
Building A New Human-Centered Economy With Covid And The New World Order
The forced move to virtual job, changes in our travel and purchase habits, and social gathering bans have all contributed to a seismic shift toward virtual activity.
Anything that can be done virtually now is done so. We’re thinking about what the future holds as a result of the lockdown.
A new white paper has recently been launched, compiled by a panel of thinking leaders and co-edited by Dr. Jane Thomason and Jannah Patchay.
‘Covid and the New World Order – Actionable Insights from Global Technology Thought Leaders’ is a forward-thinking document that aims to stimulate thought, debate, and conversation. It’s a rallying cry for a very varied group.
“We brought together panels of global thought leaders to consider the impact of the current crisis, and built on it to produce a view of our world and its challenges, as well as the fresh new thinking and technologies that can help us build better as we emerge from the COVID-19 pandemic,” says Thomason, a Fintech.TV executive director.
The study discusses health care, small and medium-sized businesses, the monetary system, and government as examples of macro changes resulting from COVID-19’s impact on society.
Many of these shifts are fueled by our ostensibly systemic incapacity to successfully respond to government, economic, and societal crises.
The article calls for a rethinking of the economic system, as well as a reconsideration of what we value and how we live.
“COVID-19 has revealed the vulnerability of nation-states, as well as the current world order. It hasn’t resulted in any new developments.
It showed the old state’s vulnerability, as well as the weakness of all states who regard themselves as post-industrial, marching backwards into the future, apparently helpless to alter that future and just looking at the ruins of the past.
Lord Holmes of Richmond, a member of the House of Lords, the UK Parliament’s upper chamber, states, “The truth is that we have a horrendous death toll in the UK and a wrecked economy.”
COVID-19 may have exacerbated a troubling trend toward state isolationism and expedited the erosion of the global governance system and supply chains, according to some opinions.
The political and economic gulf between the United States and China has been highlighted, and the current race for Central Bank Digital Currencies (CBDCs) has exacerbated this, fueled in part by worries over economic sovereignty.
The main theme of the white paper is that now is the time to think differently about how to develop society for the welfare of our citizens, and to use the new technology at our disposal to do so.
Blockchain and decentralised apps, artificial intelligence and machine learning, digital assets, surveillance technology, and big data are examples of new technologies.
It is a once-in-a-generation opportunity to forge new global collaborations, led by ordinary people, to re-establish the ‘we the people’ at the core of society and the economy in the free world.
It’s called invention, and it’s the new mother of need.
“The paper is a call to citizens to utilise their democratic rights in novel ways to change the parts of the system that need to be changed,” says the author.
Despite the fact that none of the white paper contributors are speaking on behalf of institutions, organisations, or lobbying groups, we’ve grown influential in this field.
“We are simply humans who believe that we must do something; that ordinary people can genuinely alter things in this world that need to be better, and we want to welcome everyone interested in this goal to join us,” Thomason says.
“I believe there is a huge opportunity, but it is all about potential, not inevitability,” says the author.
In the United Kingdom, there is a saying that says, “We’re all in this together.” The truth is that we’re all in this together. It’s not as if we’re all in this together.
“Technology isn’t a silver bullet, but now that we have such incredible tools in our well-washed hands, it’s up to us to figure out how to use them.
To enable citizens to consider a smart social contract and to revive that sleeping behemoth democracy, which can only function if we, as citizens, as humans, are at its back,“ Lord Holmes said.
Lord Holmes is one of the most vocal proponents of digital technology in the United Kingdom.
He is a member of the House of Lords, the UK’s upper chamber. In the new digital age, he is a leader in the areas of citizen data and privacy rights.
He has served on Select Committees on Democracy and Digital Technologies, and he is the co-chair of many bipartisan groups focused on fintech, blockchain, and the Fourth Industrial Revolution.
“We’ve seen extraordinary global collaboration in health care, and that’s mostly from professionals,” says Dr. Alex Cahana, chief medical officer of ConsenSys Health and United Nations blockchain expert in healthcare.
The concept of self-sovereign or empowered collaboration fascinates me.
How can we achieve that level of collaboration so that we can utilise blockchain to detect future pandemics and share data in an ethical manner?”
Blockchain is more than just a piece of new technology.
It promotes collaboration by allowing vast worldwide communities of individuals to connect without the need for a central governing body.
We now have the ability to rapidly build and implement large-scale structures for creating incentives that align the individual’s interests with the overall beneficial outcomes for society and the planet, a human-centered approach.
Blockchain networks give us new ways to design and build incentive systems, and we now have the capacity to rapidly build and implement large-scale structures for creating incentives that align the individual’s interest with the overall beneficial outcomes for society and the planet.
During the pandemic, widespread inequities, a loss of faith in government, a global economic system that promotes primarily economic growth (rather than humanity and conservation), the rise of platform economies, and surveillance capitalism were all accentuated.
After WWII, at Bretton Woods, the current global monetary system was established.
We don’t know what kind of global gathering will take place after COVID-19, or who will be present, so it’s in everyone’s best interests to put down our marks now.
Lord Holmes continues, “The pandemic has helped crystallise our collective knowledge that the current global economic order, and our financial markets, are not able to solve the larger environmental and social concerns that humanity faces.”
COVID-19 has also permitted governments to deploy technology, such as facial recognition, cameras, scanning, and tracking technology, to enact unprecedented levels of privacy infringement with little protest or public outcry.
More people are transacting online than ever before, with their counterparties, locations, and purchase patterns being monitored by both authorities and corporations.
The crisis has resulted in a greater effort to aggregate and analyse individual behaviours more broadly, making financial transactions, which provide a far higher level of certainty, both more vital to this surveillance regime and more likely to be monitored.
“I believe we are witnessing the convergence of three key forces that will revolutionise life on our planet in ways that have never been seen before.
One of them is the technological revolution we’re currently experiencing.
The second is that we live on a warming world that, if we continue to deplete its resources, will no longer be able to sustain life as we know it.
The economic rebalancing that is taking place in this world, says Jeremy Wilson, head of the Whitechapel Thinktank, “sounds a little bit more prosaic but it’s deeply essential.”
Climate change and social justice are no longer considered fringe problems; they have been thrust into the spotlight.
We cannot overlook the vast inequity and inequity caused by economies and financial markets that are solely focused on and driven by economic growth and profit motivations.
Rather than prioritising efficiency, policy should focus on ensuring society’s resilience to a wide range of dangers, such as pandemic diseases, climatic volatility, and economic and financial stress.
“We created Fintech.TV as a global platform for people to engage on these burning social and environmental issues and to elevate and amplify these conversations to create much broader awareness and engagement,” says Vincent Molinari, founder and CEO of Fintech.
TV, “and we hope to spur innovative thinking and collaborative solutions to solve these problems through this visibility and education.”
We’re learning how to survive in a distributed environment, and many people are working on technology to assist us.
As a result, humanity’s duty in the twenty-first century, beginning in 2020, is just to survive.
If mankind is to prosper in the future, we must strive for greater outcomes, collaborating as one human race on one planet – the only one we have – in pursuit of a brighter future for all.
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