In a recent article, ‘The world economy in an age of disorder,’ the respected Financial Times economist, Martin Wolf, observed that ‘when the world system is being overturned, it is dangerous to have confidence in what lies ahead'. He focused on the economic disruption originating from the United States, but there is also military disruption, potentially even more dangerous, emanating from Russia. These developments provide a level of uncertainty for businesses which few CEOs have experienced and for which few MBA courses prepare their students. And it is almost impossible to factor in the consequences of the associated broken consensus on reducing carbon emissions which is certain to cause massive and irreversible damage to the world’s ecosystem and economy.
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