The tragedy of #Venezuela! In 1965 it was among the highest in GDP per capita and in a democracy. After the oil price rise it got even richer. With Chavez and Maduro (calling themselves socialists) it is as poor as Haiti & 1/3 of the population has emigrated!

Very interesting!!!

Whether you believe #AI is a #bubble or not, what is true is that no bubble in history has ever been discussed so intensely before it crashes. People have usually believed it's up forever. I wonder if that could influence the outcome.

Well deserved Nobel Peace Prize to María Corina Machado. It will put the spotlight on the Venezuelan tragedy with its kleptocratic and repressive dictatorship. A ray of hope for the millions of us in the diaspora.

A wonderful in depth interview w @carlotaperez.bsky.social about her life, work and what makes a revolution - enjoy!

📉 "Brace for a crash before the golden age of #AI" @johnthornhill.bsky.social's article in the @financialtimes.com draws on IIPP Honorary Professor @carlotaperez.bsky.social's research on technological revolutions and the cycles they tend to follow. ✍️ Read more here: buff.ly/T4bsrKw

Tomorrow I’ll be on @thetimes.com Radio discussing the state of the UK economy – and how underinvestment blocks the path to sustainable growth. Listen here tomorrow @ 13:15 BST ➡️ www.thetimes.com/radio Read our mission-oriented industrial strategy report ➡️ www.ucl.ac.uk/bartlett/pub...

@pkrugman.bsky.social discussed in Substack Charlie Kirk’s success in attracting young men to MAGA by claiming back the 20th century roles of men and women in the workplace and in life. Only raising the salaries in 21st century services will provide satisfactory jobs for all.

In this talk for Futuroscope 2025 (with French subtitles) I say that populism happens midway along each technological revolution. The way out are policies creating new dynamic demand. Last time it was suburbanisation; this time it's reglobalisation for a North-South win-win game. urls.fr/xo9QKg

Another example of @iipp-ucl.bsky.social and @mazzucatom.bsky.social‬ putting adademia at the service of social progress and intelligent policies... hands on!

The difference is enormous between ivory tower academic institutions and IIPP, which produces scientific outputs and also connects with real world problems and works with real world leaders. These are times for policy and institutional innovation, so we need more academy-government links like this.

Good point by ‪@rainerkattel.bsky.social‬. He would agree that not just the innovation agencies but the whole bureaucratic edifice needs modernisation. In fact, the necessary return of the State is not in Trump's tariff-mad mode, but in a creative way, providing directionality and missions.

@johnthornhill.bsky.social 's article interviewing me about a possible AI bubble collapse was widely read and commented and referred to in dozens of newspapers around the world. I guess financial bubbles spur information bubbles. Shame my next book is not at the publisher's yet!

If we want Bluesky to be a real alternative, we must be patient and persevere. This experience of being the pioneers must have been the same with Twitter in the early years. Most of us joined when it already had millions of people participating. The more active we are, the quicker Bluesky will grow.

Great idea!

After getting various answers from ChatGPT that obviously were based on Wikipedia, I asked it if Open AI supported Wikimedia. It found Apple, Google.org, plus individual donors like Omidyar Network did, but not OpenAI. So I asked it to prepare a call for social media. This is it. Let's use it:

‪@johnthornhill.bsky.social‬ published an article in the Financial Times wrote about a potential crash of the AI investment hype referring to my work on technological revolutions, financial bubbles and golden ages. "Brace for a crash before the golden age of AI" on.ft.com/45thsoG ·

Uruguay recently approved providing a "painless and peaceful death, respecting the dignity of patients with an incurable or painful illness. Congratulations! How long will it still take for #euthanasia to become a human right across the world? Not soon, if Big Pharma can stop it.

Indeed, Trump is wrong when thinking that the old factory jobs are what will "make America great again" but it's not because he's old; many old people like me understand technological revolutions and social progress.

The holocaust survivors would have found it impossible to believe that some of their descendants would inflict a similar genocidal treatment on another people

I just read a 2005 paper defending universal basic income by Philippe van Parijs. It's the best I've ever read and I really think #UBI is a key part of the 21st century welfare state: AI-distributed, dignity for all and the rich give it back in taxes: journals.sagepub.com/doi/10.1177/...

I'll be leading a session with Steve Denning on how autonomous teams, guided by Agile principles, can drive innovation and create customer value.

Challenging podcast by @ceps.eu with @dacemoglumit.bsky.social going from whether AI is a revolution or part of AI to how the necessary institutional innovations are best made

This is one of the incredible facts of the tragedy of #Venezuela . While the ruling kleptocrats live in luxury, public sector workers earn, in a MONTH, below the DAILY poverty level wage of the UN (see #FT: www.ft.com/content/5ccb...).

Finally! Britain's parliament approved the #AssistedDyingBill. It still has to go to the Lords. It is limited to those who have only 6 months to live (probably 3 or 4 after doctors and a panel approve). It might be decades before it's a proper human right. Just like abortion, step by step.

🎤 Convened by IIPP's @rainerkattel.bsky.social and Nai Lee Kalema, the panel features insights from @cacrisalves.bsky.social, @rowanconway.bsky.social, Dr. Leo Anthony Celi, Rev. @keithlmagee.bsky.social, and ‪‪@choprausa.bsky.social‬ reflecting on their individual experiences and work.

🚀 The concept of dynamic capabilities - the ability to adapt, reconfigure, and drive transformation - has become more critical than ever. 🔗 Learn more about the PSCI initiative, led by IIPP Professors @mazzucatom.bsky.social and @rainerkattel.bsky.social here: buff.ly/lqc4yEX

Impressive! Especially considering the events in Los Angeles which must have deterred many.

It's difficult to understand that countries that don't want #migrants decide to cut their aid to the developing world, which is where the migrants come from. The only way to stop migrations is to support the development of the Global South with aid and investment.

After solar panels, electric vehicles and batteries, China will probably succeed with airplanes. There aren't enough markets in the North for both camps' production. The only solution for expanding dynamic markets for all is to support the development of the Global South www.scmp.com/economy/glob...

It obviously takes time to build a Twitter-like following and a habit. X is no longer what it was. They must be censoring and deciding what to feed into 'Home' because my followers no longer see me and I hardly get anything from English-speaking ones; just the Venezuelans and always the same ones.

Strong warning from @kyleichan.bsky.social‬ in the @nytimesusa.bsky.social. He published an article about the increasing danger for the US of losing the technological race with China and the need to urgently shift policies (the opposite of what is being done). www.nytimes.com/2025/05/19/o...

Unbelievable! How will the #beautifulbill' affect the MAGA followers and everyone else? @rbreich.bsky.social summarized it in Substack. Here are 8 points from it:

💭"What if.." IIPP Director and Chair of the @who.int Council on the Economics of Health for All @mazzucatom.bsky.social radically reimagines what the economy would look like if it were oriented around the goal of #HealthForAll. 📹 Watch the video here: buff.ly/yclkLix

Not only are the wealthiest not taxed enough, in comparison with the rest of the population, but they use every trick in the book and every crooked tax lawyer in the land to pay less than their due. @richardjmurphy.bsky.social‬ keeps track of the story. Apparently, something is being done about it.

Incredible! #AssistedDying (#euthanasia) could be denied to many who really want to end unbearable suffering, because a few people (who are going to die soon anyway) ‘might’ be encouraged by their relatives to ask for it. A very low opinion of human beings and... big business for Big Farma!

And teachers & doctors & artists & veterans & those who make sure our food is safe & those who protect consumers & librarians & those who protect our air and water & the Dept of Transportation & Infrastructure & the FDA & the CDC &.....

Excellent analysis by @anneapplebaum.bsky.social, author of Autocracy Inc. showing how autocrats the world over join together above ideologies. www.youtube.com/watch?v=tKdp...

As you may know, I have a new book coming out in August. If you’d like to pre-order it, without co-funding Jeff Bezos’s next mansion, I recommend purchasing it today for Independent Bookstore Day.

All these attacks on foreign scientists harm the US more than them. The capacity to attract many of the best scientists and engineers from across the world is one of the sources of American economic strength. Like the massive and direction-less tariffs, it is not 'liberation' it's simply suicide!

It's difficult to believe that the worst of all health systems in the advanced world (that of the US) could be made any worse. But it looks like they intend to do so.

So obvious it's embarrassing! Which industries does the tariff policy want to bring back? Old industries or new ones? Parts or finished products? Nobody knows, so nobody will risk investing. See @ranaforoohar.bsky.social in @financial-times.bsky.social

Indeed, well done, Harvard! Science has to be independent. But how will the US compete with China by cutting, instead of increasing, funding for scientific research? Who knows. It looks like the plan is to use tariffs to bring back the old industries, but to choke those of the future

Interesting article arguing for ways to attract high tech personnel to the civil service. Modernising the State is urgent. Being able and competent to innovate and, in particular, to intelligently regulate the tech companies is crucial. Only then will government services be as easy to use as Amazon

Finally a bit of good news: @financial-times.bsky.social "Donald Trump pledges to cut drug prices for Americans" That is what Biden tried to do too. Price levels in the US are literally criminal. But if imports are finally allowed, will they be tariff free?

📍Happening tomorrow - Can Nuclear Fusion Replace Fossil Fuels? On Wednesday, IIPP Director @mazzucatom.bsky.social welcomes her father, Dr. Ernesto Mazzucato, for a seminar on his pioneering nuclear fusion research and its implications in fighting global warming. 🔗Join us here: buff.ly/lbUcQ1b

Apart from withdrawing research funding from the main universities, Trump and his team are taking away visas from international students. It is well know that foreign graduates keep favourable economic and scientific links with the countries where they studied. Another shot in the foot!

Maybe it's time to understand why, from the 1980s, US productivity went to profits and not to wages. It was the import of cheap consumer goods from China! Will wages have to go up and profits down now? Shouldn't the US specialise in high tech industries and services and pay better?

No pierdo la esperanza de volver a ver una @Venezuela democrática, próspera y generosa. Estoy pendiente de las noticias, admiro a quienes siguen en la lucha y estoy dispuesta a ayudar desde lejos en lo que pueda.

Aiming to -- and hoping for -- a smart, green, fair and global golden age of the information revolution, and instead seeing the world go into populism and chaos. I won't lose hope; the world has been here before (in the 1930s and WWII) and the good times followed.