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Global Forces Changing Corporate America after 2008

How has corporate America changed since the events of 2008?

Really, there are three forces which have changed corporate America for good. One: Globalization. No longer seen as the panacea, now seen as a real force that may actually be dismantled, as barriers go up across the world, forcing businesses to reevaluate their supply chains. Two: Rising inequality. Questioning the role of business and its contribution in society more generally, leading to a shift among CEOs from the shareholder to the stakeholders, the many that now require a different set of metrics and a different way of doing things. And thirdly, of course, the change that's been brought about now as the climate becomes a source of instability. For years business was able to plan, safe and secure in the knowledge that the environment at least was something that predictably would not cause an issue. Well, today that's no longer the case. Whether it's global warming and with it, the temperature changes which have led to some of the flooding and indeed the very different forces which are changing insurance premiums around the world or indeed the attitude of the young men towards those who pollute the environment. There isn't a business out there that can afford not to act and take stock of their environmental footprint. So, much has changed and it's not going back.

Chapter 5 of Eni's Story of CO2 is left unwritten, as the world must decide how to move forward with the use of fossil fuels. Though doing nothing is not an option, using natural gas is. A safer alternative to fossil fuels that releases half as much CO2, natural gas can meet the world's energy needs as we wait for renewable technologies to advance and scale.

Learn more about the future of energy in the final episode of Eni's Story of CO2 series.

Call it a counter-counter-revolution at the ballot box. One year after mass protests over election irregularities drove Bolivia's long-serving leftist populist President Evo Morales from office, his preferred candidate has won the presidency — possibly by a landslide.

But can the country's new leader, a soft-spoken economist named Luis Arce, move the country beyond the political trauma of the past year?

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Ian Bremmer's Quick Take:

Hi, everybody. Ian Bremmer here. Yet another exciting week in the run-up to the US elections. Not the only thing going on, though, not at all. I mean, first of all, coronavirus continues to be by far the biggest story in the US, in Europe, as we have a major second wave, and indeed in many countries around the world. Also, we're seeing a lot more instability pop up. I mean, we've had every Sunday now for about three months massive unprecedented protests in Belarus. They're not slowing down at all. We see major demonstrations, including anti-royal demonstrations in Thailand, Pakistan. You've got significant instability right now, of course, we'd seen in Lebanon over the past months. Why is this all going on? Is this a GZERO phenomenon?

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Build that wall... in Greece: The Greek government has finalized plans to build a wall along part of its eastern border with Turkey to prevent migrants from staging mass crossings to reach European Union territory. The move follows a March standoff between Athens and Ankara when Turkish President Recep Tayyip Erdoğan declared he was "opening" the border because Turkey could no longer cope with so many migrants fleeing Syria. Since then, migrant flows via Turkey to the EU have declined dramatically due to the coronavirus pandemic and tougher policing, but Greeks and Turks (as always) remain at odds over what to do with the migrants: Greece wants Turkey to do more to stop migrants crossing, while Turkey says Greece is sending back migrants who arrive at Greek islands in the Aegean Sea. As the two sides continue to bicker over this issue — and over energy rights in the Eastern Mediterranean — the only thing that's clear is that Greece won't demand that Turkey pay for the wall.

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Three years ago, long before anyone had ever heard of COVID-19, a different kind of virus spread around the world: a piece of malicious software code launched by a nation state. It paralyzed computer networks in hundreds of countries, disrupted global shipping, forced pharmaceutical factories to shut down, and inflicted an estimated $10 billion of economic damage.

On the physical battlefield, a widely accepted set of rules, backed by international law, governs conduct, with the aim of protecting soldiers and civilians. Establishing common rules or guardrails is much harder in cyberspace, where borders can't be easily defined and the tools and tactics of combat are always changing. But it has never been more urgent.

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