The reflection blog is based on the original Medium column ‘Pivot the world’ of Jari Ala Ruona, co-entrepreneur at Aion Sigma, a start-up of financial and digital inclusion.
Heading towards a global pandemic and difficult time of governance, the global economy would face a decade of stagnation. Democratic economies attempted to provide their citizens a better standard of life. The global impact of Coronavirus could put such ideals in question. Governments are making every effort to tackle societal problems by introducing unprecedented fiscal and monetary stimulation.
World economies and the banking markets have been at the verge of crisis the past 13 years. Almost like universal ray of light questions the priorities of life in current way of existence. Though there is lot of human suffering at this time many of us have come to understand that a new future is feasible.
Transformative entrepreneurship aims to pivot the world when global value chains, consumerism and imperialism are on pause, in order to embrace humanity. This is the most important moment for smart thinkers and creative doers together with companies that see beyond the turmoil to fulfill a moral duty and regain a right to thrive.
Societal shifts ahead are expected to include many powers that are difficult to manage and eventually seek an equilibrium. Citizens in the past century have demanded freedom of the press, and got it – with technology and social media unfulfilled wellbeing dreams have created a strong disappointment with democratic leadership.
To transform the economy, entrepreneurs and change-makers have joined hands in the hack-the-crisis gatherings around Europe to shift societies for the better. To make the planet a better place, we need a revival in social accountability that spreads fresh business, financial, cultural and political concepts into action. Action is to rediscover what is important.
With visionary innovation leaders, a sustainable environment, more human society and industry are possible. Change-makers ought to get both new and creative methods and business strategies to the market as soon as possible, enabling them to do good while empowering communities and making profit.
In this challenging time, we seek harmony within our own sphere, with our community and the world. Serving universal values of humanity, we will learn to cope with the financial and other challenges. Brave, new ventures are possible when we let go of old forms of thought that hold us back. A new paradigm is right behind the epidemic’s tidal wave – let’s hold the gestures of compassion in place.
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Adapted from ‘Pivot the world’ by Jari Ala-Ruona https://medium.com/@jarialaruona/pivot-the-world-df359d969e0d