In a very warm welcome to the joint to delhi debate at the World Economic forum in davos switzerland im sara kelly today were talking about how to shape a more equitable world they are moving social challenges that digitalization increasingly influences the work that went to business the way to be interact millions of workers have already been displaced due to automation and many more could follow in fact this shift in our economy are expected to be so dramatic its been called a Fourth Industrial Revolution. On the one hand you have the projection that vast amounts of wealth are to be created but on the other inequality is expected to rise so does the Fourth Industrial Revolution fourth social revolution joining me now to discuss we have a very distinguished panel we need be any might is the executive director of the not for profit Oxfam Bob Moritz is the global chairman and you know you see. I mean how cant is the c. E. O. Of need the National Institution for transforming india Hilary Cottam is a social entrepreneur and a government insulted and to be rung on is a professor of strategy and management in seattle thank you so much to all of you for being here today please join me in welcoming our panel. And now we need id like to begin with you because you are fighting poverty around the world and you have a long history yourself of social causes supporting them how do you see the state of inequality right now set the stage for us where does it stand and what happens if we do not take dramatic action in an extreme economy to. Out of control. Report this week showing the extent of extreme inequality and how we growing rusty are unknown. The wealth of radio naz was increasing by two point five billion dollars every day two point five billion dollars while the wealth of a bottom harmful humanity three point eight billion people were decreasing by five hundred Million Dollars every day earth a trend with a few at the top running away with wealth and those at the bottom thinking and thinking five that and today two hundred and sixty two million children are not in school because their governments dont have to didnt use to roll out Free Education ten thousand people will die today because the contacts are Public Health it isnt there for them and meanwhile the wealth of bigger nasty increases in india. I know a woman there called practive mom she lost her twins very recently because her local clinic didnt have medicine didnt have a doctor but thats a country where billionaires have increased for the last decade doubled but its also the country with one of the lowest investments in health pragma children didnt have to die at birth so were in a world where governments do not touch where was enough do not tax the rich enough they are now them to door to up paying their fair share of taxes and in the meantime and Public Services are crumbling health and education in rich and in poor countries and thats definitely something that were going to talk about in the conversation when we talk about some action oriented approaches but first id like to turn to you bob because you are running one of the lords Worlds Largest audit in consulting firms youre on a panel right now in a social revolution tell us where does business get into this equation how do you see businesses role in combat in inequality i think theres a huge role to play and battling the issues that were talking about today and the reason for that if you look less twelve and twenty thirty years to phenomenal what happens first the Business Community acknowledges that i think are becoming more acknowledging of stakeholders the communities in which theyre operating and the Climate Change issues that theyre actually dealing with and the responsibility that they have to be part of that solution the second phenomenon is that the world is now their judge and jury. Artificial intelligence social media and the like gives the world of voice where in the past you didnt have that opportunity so as they think about their brand as they think about their reputation as they think about their sustainability theyve also got to be much more conscious of. The world that theyre living in and the world that when we just talked about jobs are challenges there and the role that they play with and i want to ask you perhaps about this conversation if that Corporate Social Responsibility is going far enough and how you might be able to push that forward especially in your role of consulting many of these companies but first id like to turn to you i mean how can you youre running the Indian Governments policy think tank youre essentially the planners of indias economy i mean and this is a country where you see such extremes i mean you see the very wealthy you see the very poor in your country how do you see the prospects of closing the wealth gap in india. My belief is that governments need to focus on nutrition Health Education but for all these to deliver you need more of technology and not less of technology you classic example is of india where the every indian to dance by only every indian today has a mobile and we can reach indian today has a bank account between printing fourteen and seventeen Indian Government would ensure that every family have a bank account fifty five percent of the Bank Accounts open across the world what in india one doesnt enable them get the booze the board got it benefit done first moved into accounts of people and therefore might you know what technology is unable to do is lead to just two and a huge amount of benefits a fluke well people and theres been that and russell emphasis on Nutrition Health and education just to give you an example were tracking students across the board using a longer two million latitude move methodology much like you track work again so youre able to access the learning outcomes which is a huge challenge in india and similarly on beheld we rule out the biggest scheme on the ice more about it were giving the hundred fifty thousand primary Health Care Centers with the District Hospital which i think is to a little above and below or link digitally but goes to five hundred million indians for they have been provided Health Insurance get which is more than the population of us in europe and mexico propaganda so my belief those governments must focus on Nutrition Health and education use more of technology that is what is going to be the differentiator when. Making people live living below the poverty line across quality lives you know. Methodology description above but my belief is my belief is i think which and of all but they have. Very major point that governments must focus must focus on issues which will make a radical and people believe poverty and to your point just to point out for our viewers in fact oxfam recently said that inequality is increasing in your country Something Like more than seventy percent of the population. Excuse me seventy percent of the wealth is owned by one percent of the population so perhaps we can talk a little bit more in the conversation about how we leverage that when i can see you want to jump in here but first im going to go to hell or if you hadnt had an opportunity to talk at and you were you actually wrote the article from which we got our title today a fourth social revolution its a topic that you really can focus on also when youre working with families who are reliant on social benefits what inspired you to take on this cause and what is a for social revolution whats the vision so i think i work in communities i want to committees across the world but the last ten years in the u. K. With. Many many people for whom its really obvious that the brilliant welfare systems that we designed after the Second World War no longer work because they have Health Conditions which cant be met because weve got aging populations because the world of work is changing so fast whats really clear is that in every Industrial Revolution we have a social revolution and actually whats also really important to win his point is that there is always a moment with every Industrial Revolution where inequality grows where theres a financial bubble and theres trouble i mean we had a huge recession of the one nine hundred thirty s. And then what happens is that we have to design a social revolution because without that its not just this is not just an argument about how corporate you can do good without the social revolution in fact the Industrial Revolution keeps misfiring we cant make the transition to the new economy we dont have healthy skilled work workforce we dont have consumers earning at the level that can demand the goods of the next. I think also the critical point which is why im so. I would hasten the day if it not happen by accident happens by design and it needs different sectors to come together a Community Corporate sector government the state also has a really Critical Role to play in designing the new architecture because without that others cant come in and thats what we really need to what we need to think about it and then i hope we can move to this we need to roll up our sleeves and we need to get going on designing the architecture so we can make that transition and c b im curious to hear if you agree with him there is a sense of you can see as an academic you also have this Historical Perspective on the trends currently at play right now in the current ecosystem and you know typically when you have seen advancements in technology youve also seen. Advancements in prosperity advancements in health i mean is that the track that you see us on right now at the moment theres a tale of two cities right the best of times in the worst of times and weve seen some of the contrast in fact all of which are true and they may even relate to one time and place in the u. S. Today and can respond about the institutions got garters here seem to be quite fragile thats why we make in davos thats why we have these conversations because institutions are social innovations there are social technologies and were trying to integrate those social technologies as well and it really is very very right i quite agree with the points that she has made my own sense on this summer is that technology is an incredible boom incredible from our eyeglasses to the shuttles that we take to come here let alone a g. R. Or Something Like this so i dont think we can i mean technology is a tool and a method of technically modified lean manufacturing is a technology its incredible that and what does technology give us productivity protection pleasure power. And today even personhood the biometric system that he talks about in india makes people respected identified so technology is an incredible thing second point its dual use its always been dual use all technology is toulouse but how do you see the impact on inequality so the question then is how would we use the technology not whether technology is good or bad dont forget its our society itself we talk about social Revolution Society itself is a technology its a technology to manage our independence so how we use technology is a big thing and if you look at the countries with the highest wellbeing usually its the nordic countries they are among the highest adopters and developers of technology so the problem is not Technology Inequality is not high in the Nordic Region we know that if we believe the statistics so. Lets talk more about so why does that happen and why its the nordic situation not reproduced in other places and there again government and business and Civil Society we need all of these voices absolutely and lets go to those voices acting right now because one of the conversations thats come up this week here at the World Economic forum is a sort of new type of capitalism and bob with your connections to big business perhaps i can start with you what do you see as capitalisms access since and what opportunities do you see to sort of get it on the right track in order to deal with the inequality that were facing in the Fourth Industrial Revolution so i think if you look at what weve experienced and the outcomes that come from it its clear that we have had a tremendous amount of benefit but weve left a lot of people behind i think about something that we have here in davos i think about billions of people have come out of poverty but thats done nothing for the people who are still in poverty and as i said earlier that social media aspect actually gives a tremendous amount of transparency and creates a tremendous amount of opportunities to frustration so the question becomes what is business government local communities do about it the Business Community sees i think three opportunities one is how do i help governments actually create the infrastructure so well for technology to enable connectivity and accessibility information training to education to Health Care Nutrition and the like as was said on the panel the second thing is how can i actually leverage those platforms to deliver those goods and services so theyre accessible to even those that are in the part of the liberals and the like who are effectively more efficiently with quicker better access but i want to come out of the other way which is how do we actually Leverage Technology to make sure that people have opportunity for jobs as well as opportunity retain jobs and be fit for purpose as you look forward and this goes back to what are we doing in the Education System to actually skill the people of the future and the people of today they say are we for purpose is that the responsibility of the corporations or of the government well thats where its going to. Oh because the reality is when you look at the Education Systems in the world theyre not moving fast enough to change whats happening with the Business Community saying you know what i need something so education a very important factor for reasons which you have just illustrated but the reality isnt that the economy is not working for enough people as youve also highlighted and one of the ideas that has come up in this idea of new capitalism as a universal basic income our audience here you been. Weighing in on this and in fact we see here that sixty one percent of you do not support a universal basic income this would be essentially a minimum wage for people who might be displaced it turns out that the majority of our panel also doesnt agree with that and we are just like you to perhaps way end because youve called for in more human centered a condom in an economy which values people over over profits how do you see us getting there. You see we now talk a lot about the Fourth Industrial Revolution and technology and technological change almost excited and everybody else about it know its going to change and the possibility of living in a decarbonise world of having healthy working there are two things that we are now in an economy that is meeting really good in such a way that a few wont get better off and many others dont with this kind of extreme inequality many will remain stuck in poverty and technological change isnt going by self to change their knives the World Bank Tells us at the rate at which poverty was reducing hard road and continues to go three point four billion people are just a crook fadia away or a medical bill away from falling back into extreme poverty because theyre at about five point five dollars i did so and its not difficult to see why its like that its like that because Rich Companies rich people have been able to write the rules of the economy so that they are winners and other than those that we have to get government to get behind managing the quantum in debt and that means one thing those who create wealth taxing them all that space. To pay for health for education for social protection of people so my point is that universal basic income can be a way to do some social misfit beautician yes but ultimately what we need is that wealth is generated in such a way that more people participate in it didnt really need to in production and also have time to have leisure and today i feel a lot of hand but first i want to first i want to get to i mean time just really quickly you know pollock. Maker on the panel is thats something that you have in mind when youre making policy in india i mean do you envision more of a fear of capitalism where you do have a higher tax rate for example for the wealthy in your country or what is your vision so youre any help you need a few years off on the scene that shows. One of the key things to my mind is to ensure that resources move far more efficiently and we get him back to the lives of People Living below the poverty line and non of you to begin the move to to prove that. To be a very highly inefficient company only fifty percent of the resources of men for the poor are used to reach them through that got a benefit for guns which we now do you think that using them by would think methodology money goes straight into the bank account because you wouldnt Bank Accounts will be taken to the bank ago seventy percent of them are being opened in the in the names of women in india. And cocoa and therefore leakage and what technology is enabled by metric is enabled by telephony and enabled that money can just vanish from india the completely vanishing five hundred schemes of india where money goes into the Bank Accounts hoping that you dont get to bounce back. Seat im not agreed believe that you know excessive degree of tax creates huge amounts of distortions if im a good believe that you know. Almost all love scenes and i do live in poverty you know its not my goal im not my thing i dont try to let my son mine mine mine mine believe my brain uses to a grid looks and my belief is that you need to port a huge massive difference to the lives of people to education to elt to nutrition hard. You make an impact you make an impact through technology but you know i dont ducking remember you know its one to really not anaemic how do you do this you cant were doing an Aspirational District Programme where we are actually tracking the performance of hundred fifteen backward districts of india to forty nine in bigger bills of Health Education nutrition create a sense of Competition Among them you create a sense of competition all of them are competing youre putting their ranking in Public DomainGood Governance becomes good politics if youre naming and shaming bull who are not performing well so you are what youre actually doing is putting the resources you know far more efficiently my little group of money hillary im going to give you a chance to respond when you look at you know i mean i have so much to say im not quite sure whats going on what a great job you are you know about the one thing i want to say is i actually also want to move the conversation up a level because you know me the concept of the fourth social revolution is about flourishing for all so i really take winnies points about inequality but i also think its you know were here because you know west is committed to improving the state of the world and what i want to say is at the moment this world is not functioning for anybody actually we have problems of huge inequality but at the affluent and we also have huge challenges of strength of. Oh i thought you know chronic conditions the point is that the things are not working and that were at this kind of very very difficult moment and so im not really interested in conversations that are about oh you know weve got these Health Systems how can we get the more people in and im interested in a conversation which is that actually the systems are not working and that we cannot having this conversation about how we get a few more people with exams to children that is what we need a different form of learning we need a system is based around core capabilities absolutely everybody in this century to flourish and take part it is clear about the taxation systems that we have had in place our old outdated. Not for the future and the reality is the government sort of set them up and set them up for protectionism in terms out of them some people actually come to their country and operate within their countries and second basically being for what i call the third revolution not the force so as we step back we actually have to rethink community. Is not the reality is we are america fair share of taxes but the reality is the charge laws and regulations that we have today are absolutely antiquated and not multiple stakeholders that we have to actually focus on as we created them from way back when but youre right and im hopeful when i hear. Of a business saying admitting that we have a tax system thats full of look or not fit for purpose for a Digital Economy and this conversation will be about how do we pay for those services that are so important for People Living in poverty but also point quantum is right you cant have a trading economy without Healthy People wedded to created workforce rule of law infrastructure and all these we have to pay them with tax and my point is the role of government because nineteen seventy the top income tax rate was around two percent today two thousand and thirteen it was down to about thirty eight percent in poor countries even as low as twenty percent so your we have seen rich people and Rich Companies negotiating themselves out of the tax bracket and the result is that public subsidies are collapsing housing to ignore it is just enough and i know that it isnt going to solve the problem of not having the resources to plow into infrastructure that most people mean weve been talking about technology weve been talking about education weve been talking about tech taxes. And i just want to make sure that we also dont forget one point that has been brought up in this whole idea of new capitalism and that is that our economies are going to increasingly being data driven and you know who owns that data how is it monetize how is it leveraged with that id like to turn to you on top because how do you envision that because wouldnt data ownership owning your own personal data be an Incredible Opportunity for the people in your Country Living in role areas perhaps working in agriculture if they could monetize that could help lift them out of poverty so let me first i mean do we. Really. We text quite heavily but the girl rents governments across developing countries working a very very inefficient luminal im deaf for the using of technology can be radically transferred seen this transformation to the other part of biometric system weve seen this happening by monitoring learning outcomes weve seen this upcoming true digital methodology of tracking all forty nine indicate those and creating a huge sense of competition on a Real Time Data business that what is that is what is needed for real time tracking of every single enemy woman. Im talking to every single standard to this is what is required today so its efficiency its better governance is better ill focus on Nutrition Education and health and putting resources into visible connectivity between the primary Health Centers and that this would possibly let us not so my believes that you need more of acknowledge you not less of technology you could transform but how do you make the gap between how that benefit is so if you if you if it isnt efficiently use Parts Technology you really transvaal in a way this segment of the lives of citizens because youre monitoring your enjoying better implementation youre doing away with more leakage and so on but let me come back to your basic issue of what i mean your government what will ultimately control that data no not so big does in my mind big dose a bit on the individual citizens that is the big the data belongs to you and me not to the government and doctor needs we need to create or do the market news for them to be doing whats going on and thats my belief that it does not belong to the government like it doesnt belong to my view of google and facebook in china doesnt belong and truly belong to consume by money in the other guys but in the us created a very different models from the west. Dont worry about the genuine we have created entities but big dog belongs to individuals and not to governments and not to privately play and so might my sense is theres a lot of talk about the government and i think government is really important but if you look at trust trust in government has been declining despite all of now it would have declined even more if the government hadnt been doing the kinds of things that i mean i was talking about so lets make your own the kind of factual going back to the point inequality is not the issue its concentration. Differences whats the difference hi differences are highly unequal we dont go and say lets control height inequality lets reduce that right or wait inequality it is concentration of wealth that leads to concentration of power and how that power is used whether by government or by wealthy companies or individuals and when it is misuse thats when trust goes down what are we going to use technology for were moving from an economy focused on output to an economy that should focus on outcomes the outcomes we care about fairness well being expanded humanity if were not able to make that transition well not trust technology and the ascension history the adjustment challenge is really about how do we take this human capital. Both within firms and outside forums the youth women. Elderly workers and of course the others who may not be included already in the market economy how do we adjust without kind of pricing gauging on the adjustment that are both talked about were not going to be able to make it all the Government Programs are not going to be enough Companies Need to focus on these things and then we can get crossed back and then we can have more People Struggle youre put in a bar basically in the enterprise approach and im so lucky i just like to ask you if thats fair because i mean you also know the realities for example that c. E. O. s deal with when it comes to their shareholders who expect them to create value generate revenue for the company and today we argue that the Business Community is in doing enough but the reality is the investors i suppose we have an interest in environmental social Responsibilities Community responsibility and the longevity of their dental skill sets do they see them doing a break or are they forcing that opinion with im not going to invest in that company anymore im not going to stay there anymore likewise you know politicians that are not doing the job are we voice in with enough revolution the voice to say i cant im out and get them some somebody else into the mix so again if you want to talk about the revolution hopefully its a peaceful one lets make sure that were using the voices we have more of the change was the people if we get going i think thats a point you know and so i mean one of the things i think is really important to state is this think its a had gotten you know like after the Second World War the state created the operating framework and then we had the United Nations we had welfare states we had a trade Union Movement and so on. Time actually this happens in every Industrial Revolution eventually the state has to step back in and in my book radical help i propose a new operating system for the century and as you know sarah my work is to actually build these new systems i mean thats my day job is actually creating new welfare systems and they do rely on technology because we dont only have new problems in this country we have massive abundance which is people that want to get involved if we design. By which i mean people in corporate you know citizens of your talking about voices everywhere if we Design Systems with a grain of peoples lives they want to know they want to help others and they want to be involved and so in the work i do i new Technology Actually to change the bird in a peaceful way the way that were currently thinking about how we find work how we support people with chronic conditions how we challenge issues such as demographic challenges aging migration less so on our end from that can then be taken away. You know from people who are doing their own work perhaps here so i think the first thing is that something that is very powerful is that in all the solutions that i design everybody joins in so i have friends and enterprises that support people into work and most importantly to progress in work because in the u. K. Anybody can find a low paid job what you cant do is progress out about job and so for instance i create communities or people in work out of work and in between joined together and through that and through simple decision exercise and people want to join up all walks of life for Different Reasons which we dont have time to get into but they do want to join. People make the connections and take the next step and move on now that the traditional way of running a welfare system to say weve got these massive problems weve got very little resource we need to keep everybody out and try and find as your suggesting that shermer top who are the people that most needed but Technology Enables us to completely turn that on its head and say look what is most important is that everybody join saying we need this relationship we need a connection to each other whether its citizens or business entrepreneurs and so what we can do is we can use those platforms and the more people who join the more effective they are the more relationships the more opportunity what is the catalyst still for a revolution because and thats really what were talking about that everyone is having a conversation and then i tell you what is the action oriented i dont i dont talk about trust and indeed i want to trust. This public anger people are angry and were seeing what is right because of this anger so until people or get. I think the quantum me isnt working for a change is going to happen immediately and not the kind of change we need and they are organizing our lands are on the streets of paris not be his politics is on the rise of u. N. So if you want to know how change happens and weve seen this over the centuries and we have some hypotheses one is the kind of bottom up you know moral entrepreneurship its not social issues this is more along commercial keeping those fundamentals hillarys book is about relationships that is a fundamental thing technology should enable and strengthen that and we should use that to address those deficiencies the outcomes that we dont kind of find at the same time academic and i get them again situations we need to be working on the paragon were all operating within a big paradigm of the economy we call it capitalism lets say but whatever is in that is weve got to kind of and if you are entrepreneurs and Business Leaders here my plea to you would be even as you build this data even as you move into the cyber Capital World and deepen your cyber Capital Police deepen your moral capital and i assure you that academics are starting to work very late but were starting to work on improving the paradigm if you want to scale change you need paradigm change of course we learn from practice we learn from what individuals are doing both in the private sector in the Civil Society in the Public Sector but we need this moral capital to complement cyber capital and that starts with caring courage. And sacrifice if you are not willing to sacrifice things there is going to be no crust and its the powerful who have to sacrifice it is the big enterprise and they can not be waiting for the shareholders know bob runs a huge farm he can persuade his partners and he has to put his career on the line im doing research which may not be much from you professor i do research on moral capitalism i work with philosophers now i have ten yours so its much easier. But in one sense we all have to step forward and sacrifice otherwise were not going to go into this working world we can do it its absolutely possible and to your point i mean there are stakeholders in the room here there are people who can influence change so hilary let me turn to you what do you see as the catalyst you inspired the social revolution weve talked about the fact that there is this feeling of disenfranchised yes among many also here at the World Economic forum weve been hearing all this week that the Economic Outlook is not as rosy as it was in the past years what do you see potentially on the horizon to get this changed well nothing changes about the vision and thats i think the vision has to be positive we dont join something that is about i dont know kind of losing something and we need i mean the biggest challenge of course is the environment we need something that is organized around a small green revolution which we know will create jobs which will create different standards of living so we have to have a big vision we have to paint in a way that everybody can feel they can see themselves as possible story whether in my community in peckham in south london or whether at the border p. W. B. Have to be a big story and then we have to think about what the practical steps we need to get there and i i called it a Capability Framework but what id also like to say is that this world is everywhere everywhere i go in the world i think work that is already in the new paradigm but the problem is marginal at the moment struggling through not wealthy. Funded we had a Big Conversation here at davos about metrics it doesnt fit existing metrics but we could measure very very fast by as i say having a simple operating system and then funding and supporting everything that is marginal and thats whats happened in the last Industrial Revolution when we created our welfare state and you know the u. N. And so on not everything was new but people stood up and they said this is a vision its a business flourishing to all were not going to worry about war or recession were part of were going to be bold and were going to say that everybody is going to gain from this Industrial Revolution no it wouldnt i want to come back to that but but the thing is then things that already existed were funded in a different way and were folded into this new framework and the lives of billions were transformed and thats what we need to do again. What is your response to this because i mean you know you have a lot of influence when youre Consulting Companies for example to sort of shape that vision and you you know help them work through efficiencies within the firm i mean is there something more that you see that you can do for example or well that leaders can do for example so a couple of things. As a set of their opening comments the Business Community is definitely now seeing the needs of the many not necessarily just the needs of investors and again i dont want to generalize we have a tendency in davos sometimes to make in absolutes and generalizations but that trend is Getting Better trend is Getting Better and theres more knowledge on the other because again the voice the voice of the employees that actually want to do this you want to talk about one element of optimism and actually there was somebody in the audience there was our panel with me yesterday he was usually optimistic why because of the students he was interacting with to get there and are really having an impact and doing something about it and the world of possibilities for those that were not as privileged to get the opportunity actually have an impact and the second thing thats really interesting is when youve gone through the previous revolutions if you look back in history the systems that you talked about were primarily dominated by one part of the world that had an influence on the rest of the world which is really interesting now with the concepts and the mega trends that are out there we actually we have moved from singularity when you go back to british colonialism or the American Point of view etc we have got different views on what those systems look like so the comments around them by measuring information some of the words used in terms are used technology while in india it may work that we can monitor but there is a big concern in other parts of the world where big brother is going to be watching over me thats got a risk of another revolution come up that weve got. A whole bunch of different systems and how do we actually think about systems that might be regionalized with maybe some common frameworks but maybe theres some level of specificity and thats where the corporates are really worried about what this world order because if youre going to be the Fourth Industrial Revolution data does not have borders and oh by the way the transparency point i made earlier does not have borders so how do i operate in this world. Now different systems written by Different Countries with certain points of view of the u. S. You are trying to view an e. U. View a mentally ill be of use the russian view whole bunch of complexity in terms of what do i do in that regard and its not a one size fits all in what principles framework actually are. Id like to ask you over the next year. If you could see one thing happening that would really catalyze needing full social change on this issue of inequality what would the challenge is can you do it in sentences or last because were nearly out of time and well begin with you i would like people to help me build a new form of work overnight station a new work a collaborative we need a different compact between workers and employers that brings all the financial architecture that doesnt work to find housing to kind of refill we need to build something that is completely different which everyone is a part and is connected and this would be the most important stepping stone to moving forward the force with this revolution and here we can make it happen so if you can help me being a mentor to me off. So our love to invite you to think about three seems competent competent character contradictions plays one year from now when we come back and we see one another id love to see the ratio of character to competence improve as leaders as entrepreneurs as academics lets engage our character more character means care about character mean sacrifice character means putting others before yourself even when that hurts you and contradictions yes the world is full of contradictions lets embrace them it is a messy world and we will often be in second best not first best lets just avoid third best so ok we are doing quite well im optimistic and we talk. Focus on nutrition and. Just one thing nutrition and health with me all the difference in the wind and the. Hard thing to do ill go back to what china and india has done is create the infrastructure for connectivity and then we can break the rules and reaches a system and to do we need to talk more about compromise we need to talk more about what were doing but it was important why were doing it and the impact its having we dont talk enough about that stuff when inequality this is your topic id like to give you the last word here today thank you so much. We need to look at the rules and the right for that to put to need to acknowledge it cant come to everybody i think the word you know that you think could be hind really writing to what talk to whom there could be a good beginning and close those loopholes developing countries can have a hundred and seventy billion dollars that to do goes through their borders and. Tax havens they could have and the government could get big hide for health and education or people and in order to dock. Quite it in taxes but start giving everybody killed everybody every child to be in a classroom i think that would get us into the Fourth Industrial Revolution in a way that already benefits and not just a few like to know in march thank our panel for all of their insights on their participation today you have been watching the fourth social revolution our debate here at the World Economic forum that has been the deutsche about the debate im sorry kelly in davos switzerland thank you very much for joining us. On foreign. Policy and is one of the worlds most successful day to. Give our special. All this week we meet him backstage. Qatada chanel momentum and armadillo it reminds him of the. Public school in fukushima daichi. Once upon a time there was a young girl. With a burning ambition. To become a conductor. Ellison very curious child and very excited and ended up with music and i would go to concerts with my parents and always. Here and for being on stage stations and being part of that magic it was a difficult road at first. Girl she was told to become conductor but this girl had other ideas and obsessive. And one day she really did become a world famous conductor brimming over with virtual city inspection. On monday of the last eleven. Not my stuff. Starts feb eighteenth d. W. At an emergency meeting of the u. N. Security council us secretary of state mike pompei o called on all nations to back off and as well as self declared interim president one quite oh that you use that it could also recognize that as president if elections are not held in the coming days and as well as foreign minister has dismissed those demands or. Rescuers in southwestern brazil are searching for hundreds of people after a dam collapsed at an iron ore mine the br