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Giddens: We are suffering from ‘cosmopolitan overload’ and a huge task lies before us – to create responsible capitalism — Labinot Kunushevci Interviews Anthony Giddens

Summary:
Giddens: We live in a world that has moved ‘off the edge of history’ at the same time as it remains deeply embedded in it. By this I mean that today we face risks that no other civilisation has to deal with – such as climate change, the massive growth in world population, or the existence of nuclear weapons. Some of these risks are existential: they are threats to the very continuity of the industrial order as it spreads across the face of the earth. We cannot say which are the ‘most threatening’, since the true level of risk is by definition unknown. There is no past time series to go on as there are with more traditional risks.  At the same time we have opportunities, as collective humanity, that go massively beyond what was available in previous ages, not just for material

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Giddens: We live in a world that has moved ‘off the edge of history’ at the same time as it remains deeply embedded in it. By this I mean that today we face risks that no other civilisation has to deal with – such as climate change, the massive growth in world population, or the existence of nuclear weapons. Some of these risks are existential: they are threats to the very continuity of the industrial order as it spreads across the face of the earth. We cannot say which are the ‘most threatening’, since the true level of risk is by definition unknown. There is no past time series to go on as there are with more traditional risks. 
At the same time we have opportunities, as collective humanity, that go massively beyond what was available in previous ages, not just for material advancement but for the spiritual enrichment of our lives. I call this a ‘high opportunity, high risk society’ – in which it is almost impossible in advance to know what the relation between these two factors will turn out to be. This problematic relationship is today an elemental part of the human condition. This is not a post-modern world in the sense in which that term is usually used – to refer to the dissolution of reason and of potentially universal values. Rather, a battle is being fought almost everywhere between such values and sectional divisions of various sorts.
Economic Sociology and Political Economy
Giddens: We are suffering from ‘cosmopolitan overload’ and a huge task lies before us – to create responsible capitalism
Labinot Kunushevci Interviews Anthony Giddens, Director of the London School of Economics 1997–2003, and now Emeritus Professor at the Department of Sociology
Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

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