Bloggers note: with transcript
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Which is, who runs the world?
It used to be an easy question to answer.
If you're over 45 like me,
you grew up in a world
that was dominated by two giants.
The United States called the shots
on one side of the Wall,
the Soviets set the rules on the other.
And that was a bipolar world.
It's very simple.
If you're under 45,
you grew up when the Soviet Union
had already collapsed,
and that left the United States
as the sole superpower,
dominating global institutions
and also exerting raw power.
And that was a unipolar world.
And then about 15 years ago,
things got a little more complicated.
The United States increasingly
didn't want to be the world's policeman
or the architect of global trade
or even the cheerleader for global values.
Other countries were becoming
more powerful,
and they could increasingly ignore
many of the rules they didn't like,
sometimes even setting
new rules themselves.
What happened?
Three things.
Number one,
Russia was not integrated
into Western institutions.
A former great power
now in very serious decline
and they are angry about it.
We can argue about whose fault that is,
but we are where we are.
Number two,
China was integrated
into US-led institutions
on the presumption that as they got
wealthier and more powerful,
they would become Americans.
Turns out, they're still Chinese.
(Laughter)
And the United States is not particularly
comfortable with that.
Number three,
tens of millions of citizens
in the United States
and other wealthy democracies
felt left behind by globalization.
This has been ignored for decades.
But as a consequence,
they felt that their governments
and their leaders were more illegitimate.
Now if you look at all the headlines
in the world today,
driving all of this geopolitical
tension and conflict,
over 90 percent of them
are because of these three reasons.
And that's why today
we live in a leaderless world.
But as we know,
that's not going to be with us for long.
So what comes next?
What kind of a world order might we expect
over the next ten years?
Some of what I might say
I think will surprise you.
Because we're not going to have
a bipolar or a unipolar
or even a multipolar world.
If we don't have one or two superpowers,
we don't have a single global order.
No, instead, we will have
three different orders,
a little overlapping,
and the third will have immense
importance for how we live,
what we think,
what we want,
and what we're prepared to do to get it.
But first things first.
Today, we have a global security order.
And as you see from the map,
the United States and its allies
are the most powerful players on it.
The US is the only country in the world
that can send its soldiers
and its sailors and its military equipment
to every corner of that world.
No one else is close.
China is growing in its military
capabilities in Asia,
though nowhere else.
Lots of American allies in Asia
are concerned about that.
And as a consequence,
they're becoming more dependent
on the United States
for a security umbrella.
With the Russian invasion of Ukraine,
US allies in Europe are becoming
more concerned and dependent
on the United States and a US-led NATO.
The Russian military, of course,
has been a greater global concern,
much less so today,
especially as they've lost
over 200,000 troops
and all of that equipment
and with sanctions making it extremely
hard for them to rebuild.
Now, Russia and China and others
have nuclear weapons,
but thank God it is still
suicide to use them.
And as a consequence,
our security order is a unipolar order
and it is likely to remain
so for the next decade.
Now at the same time
that there's a security order,
there's also a global economic order.
And here, power is shared.
The United States is still
a very robust global economy.
But the US can't use
its dominant position militarily
to tell other countries
what to do economically.
The United States and China are enormously
economically interdependent
and so they can't control each other.
You may be surprised to hear this,
but today US-China trade relations
are actually at their highest level
in history.
Now, other countries in the world,
a lot of them want access
to US military muscle,
but they also want access
to the Chinese market,
soon, by 2030, likely to be
the largest in the world.
And you can't very well have a cold war
if the US and the Chinese are the only two
that are prepared to fight it.
Yes?
Yes.
So the European Union
has the largest common market
and they set the rules.
And if you want to do
profitable business there,
you listen to those rules.
India is playing a greater role
economically on the global stage.
Japan still matters, too.
And over the next ten years,
there will be a rise and fall
of the relative capacities
of these economies.
But the global economic order is
and will remain a multipolar order.
Now, between these two orders are tensions
because the United States will use
its power in national security
to try to bring more
of the world's economies towards it.
And we already see this
starting to happen in semiconductors
and in critical minerals
and maybe soon in TikTok.
The Chinese are trying to use their
dominant commercial position
to align more of the world diplomatically.
And Japan and Europe and India
and everyone else will do their damnedest
to ensure that neither
of these two orders dominate the other.
And they will mostly succeed.
Now, so far I have spoken with you
about the two world orders we already see,
but there's a third that is coming soon
that's even more important.
And that is the digital order.
And the digital order
is not run by governments
but by technology companies.
We all know how much military support
NATO countries have provided Ukraine
during the war.
But it's technology companies
that provided the tools
allowing Ukraine to defend itself
from Russian cyber attack.
It's technology companies
that gave the Ukrainian leaders
the ability to speak with their generals
and their soldiers on the front lines.
If it wasn't for those
technology companies,
Ukraine would have been fully offline
within weeks of the war.
And I don't believe President Zelensky
would still be there today.
Technology companies determine
whether Donald Trump is able,
in real time and without filter,
to speak with hundreds
of millions of people
as he runs again for the presidency.
It's social media platforms
and their ability
to promote disinformation
and conspiracy theory.
Without them, we do not have riots
in the Capitol on January 6.
We do not have trucker riots in Ottawa.
We do not have a January 8
insurrection in Brazil.
Technology companies increasingly
determine our identities.
When I was growing up,
it's nature or nurture.
I mean, my deep and abiding
emotional problems
either come from how I was raised --
(Laughter)
Or some genetic failure.
(Laughter)
Could be both.
(Laughter)
But today,
our identities are determined
by nature and nurture
and algorithm.
If you want to challenge the system,
you can't just question authority,
as we were all told
when we were growing up.
Today, you have to question the algorithm,
and that is a staggering amount of power
in the hands of these
technology companies.
What are they going to do
with that power?
And that depends on who they want to be
when they grow up.
So if China and the United States
work to exert much more power
over the digital world
and technology companies
in those countries
align with those governments,
we will end up in a technology cold war.
And that means the digital order
will be split in two.
If, on the other hand
technology companies persist
with global business models,
and we retain competition
between the digital and physical worlds,
we will have a new globalization,
a digital global order.
Or if the digital order
becomes increasingly dominant
and governments erode
in their capacity to govern,
and we've already seen
the beginning of this,
technology companies
will become the dominant actors
on the global stage in every way
and we will have a techno-polar order.
And that will determine whether we have
a world of limitless opportunity
or a world without freedom.
Now at this point in my speech,
I'm supposed to talk about the good news.
(Laughter)
But those of you that have heard this
know that that is not coming.
(Laughter)
There is no pause button on these
explosive and disruptive technologies.
I don't know if you know this,
there are over 100 people
in the world today
with the knowledge and the technology
to create a new smallpox virus.
Honestly, I don't have answers,
but I have a few questions
for the people that do.
Because these technology companies
are not just Fortune 50 and 100 actors.
These technology titans are not just men
worth 50 or 100 billion dollars or more.
They are increasingly
the most powerful people on the planet
with influence over our futures.
And we need to know,
are they going to act accountably
as they release new
and powerful artificial intelligence?
What are they going to do
with this unprecedented amount of data
that they are collecting on us
and our environment?
And the one that I think should
concern us all right now the most:
Will they persist with these
advertising models
driving so much revenues
that are turning citizens into products
and driving hate and misinformation
and ripping apart our society?
(Applause)
When I was a student back in 1989,
and the Wall fell,
the United States was the principal
exporter of democracy in the world.
Not always successfully.
Often hypocritically.
But number one, nonetheless.
Today, the United States has become
the principal exporter of tools
that destroy democracy.
The technology leaders who create
and control these tools,
are they OK with that?
Or are they going to do
something about it?
We need to know.
Thank you.
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