Co-written by Dr. Richard Petty, this latest book discusses how the 21st century is going to be the most disruptive, contentious period humanity has ever lived through.
The systems of government and the economies of the world that emerged out of the industrial revolution, shaped by two world wars, were largely built around managed scarcity and embracing the concept that there are winners and losers in societies. Rather than creating new models for a world where threats are constantly evolving, we have struck a period of ideological stagnation, simply arguing for the merits of the existing system. Meanwhile the effects of the coronavirus pandemic have upended the world’s markets, inequality remains at record levels, and the imminent threats of climate change and AI have created massive uncertainty.
50 years ago we knew climate change was going to disrupt humanity, decades ago we warned a pandemic like the coronavirus was inevitable, and yet capitalism and democracy failed to mitigate these risks. Is a dystopian future where only the rich have access to the resources to survive inevitable, or is the populist movement foretelling a time when the masses rise up forcing a more inclusive future? The core premise of The Rise of Technosocialism is that history teaches us that whenever you see this level of inequality, society course corrects. The inevitable conclusion is we need real forward-looking strategies to prevent large scale social collapse decades from now. It’s entirely possible that the outcome of this process will be a complete rethink of the politics, economics and ideologies we’ve grown so attached to over the last 100 years.
If the cost of providing universal health care is lower than the cost of building a political movement to prevent it, would politicians still view it as socialism? In a world where algorithms and robots take the jobs of immigrants and citizens alike, are border controls effective? When unemployment skyrockets due to automation, will conservative governments battle long-term social unrest or will systems like universal basic income emerge to soften the blow? When renewable energy sources are a fraction of fossil fuel generated electricity, should lobbyists be allowed to prevent redesigning energy infrastructure? When the crowd’s mood is measured in influence and exabytes, will real-time democracy render elections a thing of the past?
Brett King and Dr. Richard Petty explore the seismic social changes that will be thrust on the world over the coming decades. Their new book, The Rise of Techno-Socialism seeks to answer both how our children will live with AI and climate disruption, along with which economies will likely emerge victorious in an always-on, smart world.
Learn more about the book here.
Brett King is a bestselling author and the founder of a breakout new retail banking concept, Moven. Voted as American Banker’s Innovator of the Year in 2012, King initially achieved recognition for his bestselling book ‘BANK 2.0′, which received widespread industry acclaim and topped category lists in the UK, USA, Germany, Japan, Canada, France Russia and Asia. ‘Branch Today, Gone Tomorrow’ – King’s second book achieved bestseller status in its first week on Amazon. He is widely considered the foremost global expert on retail banking innovation today.
A keynote speaker at leading global events for financial services and innovation, King is an acknowledged expert on innovation, customer experience and channel distribution strategy including understand the fundamental shifts in consumer behavior.
King has recently been featured as an industry commentator on CNBC, Bloomberg, Financial Times, The Economist, ABA Journal, Bank Technology News, The Asian Banker Journal, The Banker magazine, and many more. He contributes regularly as a blogger on Huffington Post.
Having presented at conferences in more than 40 countries for organizations like Google, Forbes, Oracle, The Economist, SAS, SWIFT, Bloomberg, American Banker, ABA, IIR, World Council of Credit Unions, and others. He has served as an international judge for The Asian Banker Retail Banking Excellence Awards, the GSMA Global Mobile Awards, the Middle East Business Achievement and Retail Banking Awards.
He is the CEO and Founder of Moven, a $200m mobile bank start-up, with the world’s first smart bank account. Moven’s app is used around the globe with over a million users. His radio show, Breaking Banks, began in May 2013. It was the first global show and podcast on FinTech, and has grown to be the most popular with an audience in 140 countries/ 3.6 million listeners.
Brett‘s speaking topics include:
- Bank 4.0
- Bank 3.0: Why banking is no longer a place you go, but something you do
- The Big Shift