Stephen Roach is chairman of Morgan Stanley Asia. He formerly served as Morgan Stanley’s chief economist and has been with the firm since 1982.
The world stopped in 2008—and it was a full stop for the era of excess. Belatedly, the authorities have been extraordinarily aggressive in coming to the rescue of a system in crisis. But as in the case of Humpty Dumpty, they will not be able to put all the pieces back together again. The next era will be very different from the one we have just left behind.
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The Stanford Social Innovation Review is written for and by social change leaders in the nonprofit, business, and government sectors. Sample articles of particular interest to readers of What Matters are available below.
by Ben Hecht. Living Cities is working with five US municipalities to develop an ecosystem for solving urban problems.
by Clayton M. Christensen, Shuman Talukdar, Richard Alton, and Michael B. Horn. Unless clean tech follows well-established rules of innovation and commercialization, the industry’s promise to provide sustainable sources of energy will fail.