We need to find a fairer way of providing Goods and Services to the rest of the people on Earth.Cryptocurrencies and/or Gold Standard of money....maybe the answer to fight hyperinflation caused by too much printing of paper/fiat currencies by Governments and Central Banks all over the World. (https://www.google.com/+EricAu118)
Davos leaders met at a time of uncertainty for the global economy. Growth in China is slowing, world markets have had a tumultuous start to 2016 and the price of oil has fallen to its lowest level in 12 years.
How to steady the ship was high on the Davos agenda. Here's what some of our participants had to say.
In the session, China's Business Context, economist Nouriel Roubini talked about the "perfect storm" affecting global markets and a possible hard landing for the world's second-largest economy.
In a special address, China's Vice-President Li Yuanchao put the recent market turmoil into perspective and discussed China's transition from a state-led investment and manufacturing-led economy to one more dependent on consumers and services.
It may be time to revisit the way we measure economic success, including GDP and productivity, said IMF head Christine Lagarde in a session on The Global Economic Outlook.
Market jitters will stabilise, but monetary policies alone cannot change the world was the message from Raghuram Rajan in the session, The Growth Illusion.
The economy of tomorrow must be one where wealth is shared, said Sharan Burrow in the session on The Future of Growth.