surrounding areas so do i understand right that your idea of the future is based on cities sali is is no where near us or aren't you say weren't you saying in your ideas that the world is going to be made up of entirely of cities i think we have to look at it like this two thousand and six that was the year when more than fifty percent of the world population lived in cities so that was a kind of breaking point and now we are racing to ward stood next level and that he's probably about eighty percent of the world population in cities twenty five to thirty years from now and then the world in terms of its population will be six hundred cities that account for eighty percent of the world population and that's just you know

migration yes i understand your idea and our sense how it can work the total urbanization some were like in europe because there were things close by it's well connected in terms of transport but is it even a thirty or forty years is it possible in a vast place like russia. you know russia do have some similarities in terms of for example canada australia and actually to certain extent the nordic countries because you might know that both finland sweden and norway have very small population in turn in relation to decide all of the countries and these three scandinavian countries are some of the most urbanized in the world so it might well work the other way around if you see what i mean. but so let's imagine all that you're saying is going to happen one way or the other so

fifty years from now who will have the briefcase with the new clara codes they san francisco mayor or the mayor of boston. i think for the foreseeable future. san francisco moscow barely in the cities will have to accept that the power the ultimate power is still in the hands of the nation state although i think both you and the rest of us will experience how the city's gradually of course claims some of the power due to the fact that there are many people in the six hundred number one and number two the city of count for so much of the value production the creation of value and that usually can be translated into power if you see is over a longer period of time but i want to move on to money matters will we see

a kind of money into the middle ages with like every city having its own currency. i see what you mean. you're having the virtual currencies in mind of course that we now have somewhere between seven or eight hundred different currencies one of the most well known today so of course bitcoin i think most people have heard about bitcoin. and this is some kind of currencies so what we're all with will crypt a currency like bitcoin play in this process self you know this intro ization could we be taken it more seriously or is it a market fad because there are a lot of controversies about becoming today i mean it's a great idea but it's not totally working. it's

a great idea it is not totally work and i guess most of us would not like to save our money in that's currency and the primaries and being that it's flock to eight dramatically and most people don't want their savings to fluctuate that dramatically so that's number one number two. we do have some countries in the world that now are interested in reducing the use of crypto currency. and various scripts to currency kind of offerings china is one such country that have said no to the use of a certain although all of these currencies. and the central government in the country do have a monopoly on currencies. but can you actually

fight the technological trends i mean can you stop the cryptic our currency from happening in a future. no you should you cannot stop technology that's an excellent question sophie thank you very much because this is sometimes a little bit misunderstood we cannot stop the technological revolution in any area whether it's these stem cells you know the ability to grow certain organs on the skin of a human being or computer technology in a general way or any other technology because it's driven by human curiosity so i can see no state where we stop technological development as long as we human beings are here. they just realize services are a big factor in this enormous shift you are talking about the internet of the ninety's was perhaps less omnipresent but it was decentralized now most of our

lives are facebook apple amazon netflix google not just a handful of companies do you see the danger in this one implication any kind of monoplane sation introduces of course problems and this is not new we have seen it before in a number of industries how one or two sometimes three companies totally dominate in industry we have seen it in the motive industry with one handful of players dominating the industry we saw it in the oil and gas industry one hundred years ago we have seen it in the telecom industry so this is not the first time that one two or three companies totally dominate an industry and what has happened is either of two things either technological development has you know made some of these.

giants more or less obsolete because new technologies have introduced new players so that's one thing that tend to happen and that is thing that tend to happen that we go after d.s. giants way of the law the book of law and basically break them up and this has happened before companies have been broken up monopolies are usually a bad idea all right shelley i take a short break right now and when we're back we'll continue talking about how new technology is transforming our lives stay with us.

on. a flight from many clubs over the years so i know the game and so i got. the ball isn't only about what happens on the pitch for the final school it's about the passion from the fans it's the age of the super money billionaire owners and spending tribute to the twenty million one player. it's an experience like nothing else not to because i want to share what i think from what i know about the beautiful guy greek so what chance with. the base it's going to.

in two thousand and sixteen the panama papers show the world with a tax haven the secrets to trillion united states dollars passed through most. in the amount of time that we've been in panama papers exposure that's what it shows a lot of money it really is. journalism journalism looking at things that people want to keep secret and asking why would they want to keep these things secret. millions of. documents were examining. all the people we basically have tried to get that i've. used. and probably other politician which were. other politicians the media were quick to find targets such as the kings of morocco in saudi arabia the president of argentina several prime ministers. and russian president vladimir putin of

pools. oh my god i've had so i have sued so many newspapers for defamation some things don't just happen by chance it was very striking there were no more americans to go especially good ole lot of people from the brics countries specially brazil russia and china that this special project reveals what was missed in the media coverage. of the panama chronicles. match keyser one for my guide to financial survival this is a hedge fund it's a device used by professional scallywags to earn money. that's right these hedge funds are simply not accountable and we're just getting more and more into that. totally destabilize the global economy you need to protect yourself and get in for

what's kaiser. in the heart of the swiss alps this is a place probably more secretive than the pentagon more mysterious than the cia and better guarded than for knox ellis was customs are here permanently all the site is controlled by them and they impose the opening times. opposite it is from his office the procedures in place of the strictest in all europe masterpieces by artists like pecan so and modigliani i can't boards and sold inside this warehouse that's where the report comes in it covers up deals which are naturally discreet commercially discreet step but also discreet because they concern fraud. some of those paintings are linked to dark secrets nobody knows how many of these secrets a kept inside the geneva freeport system you'll never obtain an inventory of all the works in the freeport who knows how many there are three hundred three thousand

three hundred thousand is it a matter of confidentiality only is it the world's black box of the art business. you mean you don't. see the. two i. did a quick. what are the most true only ten space. left in the. said. no servant is messy that. if you speak french. the. busy.

we're back with shell or strom discussing how innovation and technology has shaped the future we're going to live and so shall you once said that the market is a machine that has no so that we need to put so in it how do you do that i mean socialism. socialism was of course. the effort or. trial where we tried to do that now markets do not really have a soul technology is usually don't have a soul that we have to instill that from the outside the way we do it is usually by legislation in our respective countries but technologists are neither good nor bad i mean the internet in itself is neither good nor bad it's a matter also what we use it for. the same goes for markets

markets already in them south neither good nor bad it's what we trade how we trade it on the ward circumstances we trade yeah but also on i'm trying to figure out what they will look like in a future for instance there's an experiment going on in finland was the idea of universal basic income what the sample of people game in a limited amount of money but the government regardless of their employment or wealth is this scandal named as russia isn't gone too far is finland actually a step ahead of the rest you know actually they are trying to answer exactly that question no one knows. no one really knows what happens if people are gave. a certain amount of a basic salary every month when they work harder when they work less will they do

or will they play games how will people act and behave over a longer period of time if they are given a small i should say basic salary because the basic salary here is like between five and six hundred euros a month which means that it's not that significant. so this is this is a piece of research i think we have to see it for what it is it's research basic research also in talk about the university education that's been discussed a lot lately how it's over rated and all and you can also saying that a university education is becoming worthless as you don't have to go to harvard because everything you need is already available online however a university education isn't only giving you a diploma right it's supposed to teach you this skill of self education peer severe

and stis a plain i mean if you go to ivy ivy league schools that's really the network that it gives you that you know then you live in in the world lately things that will be useful in any work environment will that not be enough to keep colleges going where else will we be taught all that you're exactly right but i think what we can see. many of the. our human very basic human activities now for. in two to cathay greece and i would try to explain let's start with something basic that we do in almost any country banking. one part of banking we do from a distance we do it with our mobile phone with our computer it's totally robotized if you want there is no human being involved in the process so that's one side of banking then there is another side of banking which is when it's super

sophisticated and that is when you are buying your first house in a city where you were not born when you are for some reason divorcing and you have to split all the financial resources in a fair way then you need advice human advice and you need to see the bank care and you need to see your bank back to universities lecturers old school lecturers we need one to four or five really good professors that do that and they can do it on camera for people in oxford call go moscow stockholm and san francisco at the same time and from a distance. it's fully automatic if you see what i mean very limited involvement of the human beings however if you want to learn that

discipline perspectives on knowledge feel loss of the how to analyze shakespeare's best and compare it to hamlet then you need to sit down and discuss in a small group. with the senior professor then you need to see each other and you need to spend a long time together further more so i think we will split many of the human activities into two parlous the want the component that can be fully automatic and the component where you really need human interaction so and the rule of thumb is anything that can be digitized it will be difficult to earn money. you know how with the internet but there is overwhelming amount of information that comes into our lives i mean people stop reading books

but the amount of words that they read are actually more than before because you read so much stuff on internet whether it's useful or not what can we do to keep up with the flow of information that we get into our lives every day because actually i feel like we need to do something with it to prevent ourselves from becoming more stupid every day. in principle if a reticular speaking we are all becoming more stupid every day for the simple reason that the brain is the brain and it doesn't develop very fast however we almost doubled the amount of the information in planet earth every second year which means that in relative terms we know less and less and less but that's of course just a theoretical sort of spin on things. now on a serious note we get a lot of the information we get

a lot of data points but to make sense out of them is still not that simple. which means that many of us now are. informed but in a very weird and sometimes kinky way because we are putting information on and data points together that actually don't belong in the in the same context and it within the same framework i think the answer long term. will be machines we need the help of machines here because it's far more they thought than any human being can process so scene over a longer period of time we need an innovation here or an invention even not even an innovation rather an invention of basic invention. you know google was such an into invention once upon

a time how to navigate all the home page so are you saying are you saying we need an invention that would actually help us sort out the information that we intake we need an invention that can validate test the reliability the relevance of the day that you and i are looking for let's assume that you and i are looking for data on diabetes ok if you google diabetes to type two today you will get massive massive massive amounts of data but the question is what about the quality of these data the reliability of the state of the source of the state and here we need the help of a machine that can classify care fager rise standardize all these data. otherwise you and i are at risk of course that we read a lot about diabetes too but it is not really up to date and that's where we are

today so how of the world's population have never used a mobile phone regardless of everything that we're talking about right now how awful of the world's population hasn't used a mobile phone what we talk about digitalisation the globalization of everything they say hardly has anything to do with those parts of the world where children still have to walk four miles to school they don't have clean drinking water arctic lodges leading to the reality in which to developing part of the world will trail hopelessly behind the developed a fantastic question and reflection now a number one over the course of the last thirty forty years we have and by we i mean the world we have lifted so many people out of ultimate the poverty that today you could argue that we have one to one and

a half billion people that still live below the poverty line which is of course. horrifying what we can see though is that technology and the way we think of it today the fact that we trade with each other seem to create value also in the most poor corners of the world so a decent assumption is that if we continue along the lines we see today with global trade human interaction and cross borders we will probably have eradicated poverty the way we define it today in about ten years. and then we have to redefine poverty to feel like we're maybe headed into a high tech low life into cyberpunk i mean they used twitter in kenya to prevent cheap theft or delivery drones in syria to drop bombs on people the to pathology

seeping into the so-called third world but is it really changing it that is to question. i don't think technology usually changes human behavior it to certain extent you could say that over a longer period of time we are affected by technology we know for example that in a number of countries and in a number of cities people also young people prefer to do their dating using a machine rather than hanging out in a bar and then you can say ok technology has all been. in a very fundamental way change human behavior because we didn't have any machines before one with the our dating but now we're use to there are any old that they think apps. but i would say on average no technology doesn't change human behavior it's are all the other way around that

we adapt the technology to our ambitions and the foreign bishops are good we use technology for good and if they are badly use it for bad technology is neutral in that sense shall thank you very much for this interesting ench of the it's been a pleasure talking to you or talking to dr and nordstrom discussing the changes our societies undergoing in the information age with economists and of age of speaker and best selling author once again dr shell that's it for this edition of cell phone call and i'll see you next time.

about your sudden passing i've only just learned you worry yourself and taken your last to bang turn. your act caught up to you as we all knew it would i tell you i'm sorry for me i could so i write these last words in hopes to put to rest these things that i never got off my chest. i remember when we first met my life turned on each breath. but then my feeling started to change you talked about war like it was again still some more fond of you those that didn't like to question our arc and i secretly promised to never be like it said one does not leave a funeral the same as one enters the mind it's consumed with death this one different person i speak to now because there were no other takers. to claim that

mainstream media has met its maker. i had a great education a good job and a family that loved me. i never had to worry about how i would eat somewhere i would sleep. but i'm facing christmas alone out on the streets of london. where you learn to be a tough grader pull up a clip of the boy you like go to the pool you know to simulate the still give up food for the homeless to. her. but you don't really feel like for you the big in that. and then. the guy just came over to me assure me the good news judge of this book.

it's a new year but the same stories persist out front as the chaotic trump white house followed by the steel dossier and a possible breakthrough with north korea. in two thousand and sixteen the panama papers show the world with a tax haven the secrets two trillion united states dollars passed through most. in the amount of time that we've been in panama papers exposure that's what it shows a lot of money it really is. journalism it's an act of journalism looking at things that people want to keep secret and asking why would they want to keep these things secret. millions of. documents were examined. the all the people which basically have tried to get an advantage out of this sort

of newspaper. and probably other politician which were attacking other politicians the media were quick to find targets such as the kings of morocco and saudi arabia the president of argentina several prime ministers. and russian president vladimir putin of course. that had so i have sued so many newspapers for defamation some things don't just happen by chance it was very striking there were no more americans to go especially a lot of people from the brics countries specially brazil russia and china that this special project reveals what was missed in the media coverage. the panama chronicles.

north and south korea to hold their first two years off from playing his. possible. i was. prime minister faces of mass protests. again marching in the streets of tel aviv. in full swing. and what some see as the country's worst political crisis in years.