Summers Hails World’s Moment of ‘Stunning’ Technological Change

Larry Summers at the World Economic Forum in Davos, on Jan. 21.Photographer: Stefan Wermuth/Bloomberg
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Former US Treasury Secretary Larry Summers said he’s never before had such hope for technology, but cautioned that governments face “epic challenges” in dealing with the consequences.

On Tuesday, he told a panel at the World Economic Forum in Davos that the present day is comparable to the sort of transformations seen a century ago, and cited innovations in everything ranging from energy to drugs.