For Adjiedj Bakas, author of several books on the future and an increasingly well-known figure in China, that is exactly what he did live on television in 2007.
He was being interviewed on the Dutch television flagship current affairs program Nova when most economists were predicting the American economy was going to pick up again after a couple of years of stagnating.
At the time, there was little awareness there might be such a big black hole in the world’s financial system.
“I could already sense that something was going on. The frantic dealing, the atmosphere of an end game, of more-more, of creating financial products more complicated every day, which no one, the designers included, could understand anymore,” he said.
Bakas, 45, who perhaps appropriately has the slight air of a mystic, was speaking at his publishers’ offices in western Beijing.
His new book, The Future of Finance, which he has co-authored with financial services expert Roger Peverelli, is about to be introduced to the Chinese public. Read the rest of this entry »