Some have long argued that private digital money and the technology underpinning it will revolutionize finance in the long term. But with Bitcoin plunging, stablecoins collapsing, and crypto lenders freezing withdrawals, we asked PS commentators whether the industry has a future.
PARIS – We are little more than a decade into the twenty-first century, but a terrible precedent has already been set: all of the major international negotiations and cooperative efforts initiated in this century thus far have ended in failure.
With regard to the environment, the fight against global warming has come to a standstill, with the United Nations’ last three annual climate-change conferences, in Copenhagen, Cancún, and Durban, failing to renew the Kyoto Protocol.
Similarly, although last year’s conference in Paris to review the Non-Proliferation Treaty, and subsequent nuclear-disarmament talks between US President Barack Obama and Russian President Dmitri Medvedev in New York, made positive inroads, the results were a far cry from ensuring a future free of nuclear arms.
To continue reading, register now.
As a registered user, you can enjoy more PS content every month – for free.
Register
orSubscribe now for unlimited access to everything PS has to offer.
Already have an account? Log in