For Finextra's free daily newsletter, breaking news and flashes and weekly job board.
Greenspan frequently quotes the concept of "creative destruction" and (I think rightly so) that those who have the culture and the guts to apply creative destruction in a free market environment fare a lot better than those who don't or who stick to conservatism.
In my world of IT for the financial industry, creative destruction is second nature, so most of us here in this web-site will have been converts all along.
His article on energy and oil is highly informative, although probably controversial as well. Greenspan advocates nuclear reactors as the only realistic way forward in the medium term and endorses "hybrid" or purely electrical engines there where they could
be feasible. He seems rather optimistic that oil/gas supplies do not necessarily run out in the immediate future, but acknowledges that alternatives must (and will) evolve in time.
In short: a highly readable essay by a unique man!
19 Mar 2009
This post is from a series of posts in the group:
A community to discuss the future of financial services and any other interesting trends, strategies, ideas, views.