Brexit and Trump's election are forcing countries to come up with new radical ideas.

Another similarity of Brexit and Trump's campaigns was an attack on so-called elites. This is not so much a failure of capitalism as of its high priests in the economic profession, for which we must all take some responsibility.

We should be investing where the public returns are greatest - that is in innovation.

Our current model of capitalism and the dominant ideas in policy making have led to a failure of investment by both the public and the private sector in the things that drive productivity, and which affect its distribution.

With a Trump administration we don't know enough yet to make predictions, but if past behavior is any indication, I am not encouraged.

Germany is using its Energiewende policy as a way of envisioning a green transformation and innovation across many sectors.

Unfortunately, simplistic framing of problems leads to simplistic answers.