Restarting the Future

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In the past two decades, economic growth has stagnated, inequality has risen, and competition has faltered, leaving many questioning the future they were promised. This book explores how these issues stem from a failure to adapt our institutions to an economy increasingly driven by intangible capital—ideas, relationships, brands, and knowledge. The authors argue that the current economic disappointment is due to an incomplete transition from a physical capital-based economy, with existing institutions still aligned with outdated business practices. The slowdown in intangible investment has made the world poorer, less equitable, and more susceptible to existential threats. The authors present innovative ideas to align with the intangible revolution, offering a roadmap for financing businesses, enhancing urban development, increasing funding for science and research, reforming monetary policy, and improving intellectual property regulations. Drawing from their extensive experience in finance and economic policymaking, they propose a range of radical yet practical solutions aimed at guiding us toward a more prosperous future.