Klaus Schwab Quotes


Of course, technology is not an exogenous force over which humans have no control. We are not constrained by a binary choice between acceptance and rejection. Rather, the decisions we make every day as citizens, consumers, and investors guide technological progress.


Citations

Schwab, Klaus. The Fourth Industrial Revolution. Crown Business, 2017.

Related Quotes

He made this quotation in a discussion about nuclear weapons, but the principle is valid for many areas from the Internet to pharmaceuticals. In the nuclear weapons case there have been a number of accidents – including fatal ones – over the years and on several occasions a nuclear weapon came close to detonating near populated areas. In one case, radiation damage from a crash of a nuclear weapons equipped bomber have made an area in Spain unusable for years into the future.


In effect, consumers do a cost benefit analysis with all new technology. The new technology requires change of some kind as well as often learning new skills. This is only worth it if the benefit is extensive which is the case with almost all successful technology.


Klaus Schwab
Klaus Schwab
  • Born: March 30, 1938
  • Nationality: German
  • Profession: Economist & Engineer

Klaus Martin Schwab is a German engineer and economist best known as the founder and executive chairman of the World Economic Forum. His wife and first collaborator, Hilde, co-founded the Schwab Foundation for Social Entrepreneurship with him.