The fifth article of our Verses On Metaverses series focuses on what metaverses can learn from cities’ successes and failures.
The great upheaval of the economy triggered by climate change promises to be as profound as the one created by digital technology. It too will create new winners and losers.
As governments decarbonize their economies through renewable energy generation, volatility in electricity prices will surge. Players can use multiple levers to mitigate it—but they must act carefully to avoid damaging industrial competitiveness and increasing costs.
Building on his knowledge and experience as a corporate philosopher, Brabandere suggests that firms should focus on creatively reinventing themselves with new tools, rather than using current digital tools to optimize existing processes or systems.
With inflation stubbornly high and the war in Ukraine adding pressures, some are calling for a “Volcker shock” to insure against structurally high inflation. The Federal Reserve has no hope of delivering a soft landing, the argument goes, and should choke the economy into recession with shock treatment of very high interest rates, thereby wringing inflation from the system—much as then-chair Paul Volcker began to do with a surprise announcement one Saturday in October 1979.
The fourth article of our Verses On Metaverses series focuses on spatial computing, its constraints, and potential paths to evolve.
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