Balancing Corporate Profitability with National Interest
The last ten years have been defined by rapid progresses in technology that have created currencies without countries (Bitcoins, Ethereum, etc.), a dark market place (silk road), new banking conduits (payment banks), and startling improvements in productivity through Artificial Intelligence (AI) and Automation. It has become then important to gauge the impact of technology especially on how it re-defines the corporate – government relationship going forward. As part of the broader social ecosystem, corporates (loosely defined here to mean productive units) employ labour and use inputs to create an output that leads to value being created for society at large. The government is entrusted with creation of an ecosystem that allows the corporate to exist. It creates roads, power infrastructure, water & fuel systems, regulation & judiciary, enters into trade and tax agreements with other nations, creates legal barriers to protect domestic businesses from foreign competiti...