https://www.scmp.com/rss/294695/feed Nicolas Berggruen is co-founder of the Berggruen institute and co-author of “Renovating Democracy: Governing in the Age of Globalization and Digitlal Capitalism”. en https://assets.i-scmp.com/static/img/icons/scmp-meta-1200x630.png https://www.scmp.com As China embarks on what President Xi Jinping calls the “third distribution” along the path to reaching “common prosperity” and “socialist modernisation by 2035”, it might want to consider the idea of pre-distribution of wealth through universal basic capital. This would modernise the socialist market economy by spreading wealth more fairly. Pre-distribution addresses the fundamental dynamic of inequality in all market-driven economies, where an ever-increasing share of national income goes to... https://www.scmp.com/comment/opinion/article/3147839/how-universal-basic-capital-can-help-china-achieve-its-common?utm_source=rss_feed https://www.scmp.com/comment/opinion/article/3147839/how-universal-basic-capital-can-help-china-achieve-its-common?utm_source=rss_feed Thu, 09 Sep 2021 01:15:14 +0000 At times of geopolitical tension, economic concerns and humanitarian crises, turning to philosophy may seem like an evasion. It is my belief, however, that philosophical reflection helps leaders reframe difficult problems and helps the world bridge cultural gaps. This is why I am founding a US$1 million annual prize for philosophy. Economists can aspire to a Nobel Prize; innovative thinkers who contribute to bridging the cultural gap need a similar form of recognition. Ideas have power. In his... https://www.scmp.com/comment/insight-opinion/article/1862683/how-philosophical-reflection-can-help-bridge-east-west?utm_source=rss_feed https://www.scmp.com/comment/insight-opinion/article/1862683/how-philosophical-reflection-can-help-bridge-east-west?utm_source=rss_feed Wed, 30 Sep 2015 07:32:26 +0000 The governing systems of the world's two largest economies are in crisis. As the United States has been grappling with a fiscal cliff, China faces a social cliff. Without major reform, both will falter. The deal in Washington may have saved the US from a fall over the edge into recession for now. But its wildly partisan politics is unable to find anything resembling a consensus on how to reduce defence spending or reform the costly entitlements of America's maturing welfare state. By 2025,... https://www.scmp.com/comment/insight-opinion/article/1142569/when-chinas-collective-vision-meets-americas-individual?utm_source=rss_feed https://www.scmp.com/comment/insight-opinion/article/1142569/when-chinas-collective-vision-meets-americas-individual?utm_source=rss_feed Sun, 03 Feb 2013 16:00:00 +0000