Viktor Shvets
speaker
213 appearances
1 recordings
1 series
first heard Nov 2024
last heard Nov 2024
Viktor Shvets’s voice in public audio — every appearance, attributed to the second.
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Appearances
And so if you do not fix inflation, if you do not fix inequalities, and if you do not fix
immigration and control of your borders, then culture issues become even more dominant, driving you to a certain conclusion.
Yeah, that's exactly what my book discusses.
That the idea, neoliberal philosophy that really became embedded in late nineteen seventies, early nineteen eighties, really died around the global financial crisis, around twenty ten.
Over the last decade of fifteen years, we'll all be trying to find, as I said, what is a new societal consensus?
How important are corporates, private sector, public sector, what responsibilities?
Do they have?
So the idea of Milton Friedman that the primary objective of a corporate is to generate returns to shareholders actually died around 2019 when US Business Council already redefined objectives.
But right now, societies still don't agree what is right, what is wrong.
And so corporates are trying to be careful because corporates are nothing more than an outgrowth of societies they're in.
I think one of the things I mentioned in the book, if societies decided that burning witches is the right thing to do, we probably would have been burning witches.
And so corporates have to reflect society.
And so what you find, corporates try to find the middle ground, somewhere between extremes.
However, as I said early on, five, ten years from now, and I keep looking in this book into Millennium and Z generations and what those generations actually want to have, as they become the dominant voting block, because today they only run 30% of the votes.
When they become a dominant voting block, they will identify exactly the frontiers, the borders, how far you can go, how far where you can go.
And at that point in time the corporates could actually solidify.
But right now they're in a flux.
They're reflecting purely societal flux.
Totally.
One thing, whenever Donald Trump discusses current account deficits, I'm not sure if you fully realize that it's an accounting identity.
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