{"id":84711,"date":"2016-12-26T12:36:07","date_gmt":"2016-12-26T12:36:07","guid":{"rendered":"https:\/\/www.transcend.org\/tms\/?p=84711"},"modified":"2016-12-26T12:36:07","modified_gmt":"2016-12-26T12:36:07","slug":"this-swedish-billionaire-has-issued-a-5-million-award-for-anyone-who-invents-a-un-2-0","status":"publish","type":"post","link":"https:\/\/www.transcend.org\/tms\/2016\/12\/this-swedish-billionaire-has-issued-a-5-million-award-for-anyone-who-invents-a-un-2-0\/","title":{"rendered":"This Swedish Billionaire Has Issued a $5 Million Award for Anyone Who Invents a UN 2.0"},"content":{"rendered":"
<\/a>

TT\/Stefan Gustafsson<\/p><\/div>\n

Laszlo Szombatfalvy, one of Sweden\u2019s most successful investors of all time, is urging on the younger generation to rethink global governance.<\/p>\n

Now he has issued a large award for the best idea to replace the current global governance system, through a competition called \u2018A New Shape\u2019<\/a>.\u00a0This was reported by Jill Bederoff at Veckans Aff\u00e4rer.<\/p>\n

Laszlo Szombatfalvy is something like the Warren Buffett of Sweden.<\/strong><\/p>\n

Like Buffett, he started life in very humble circumstances. He arrived to Sweden from Hungary in 1956 when his native country faced Soviet oppression.<\/p>\n

The 88-year old finance sage has one of the world\u2019s best investing track records. Over 45 years, he has achieved an average annual return of 30 per cent.<\/p>\n

His philanthropy aims to solve global problems. <\/strong><\/p>\n

Szombatfalvy is donating more than half a billion Swedish krona ($50m USD) through his fund, Global Challenges Foundation<\/a>.<\/p>\n

He believes radical measures are required to tackle inequality, and that the world’s rich need to take more responsibility.<\/p>\n

Szombatfalvy believes the global governance system is failing:<\/strong><\/p>\n

\u201dThe biggest threats to humanity stem from the global community\u2019s inability to deal with them effectively\u201d he told Veckans Aff\u00e4rer.<\/p>\n

\u201c[The Politicians] cannot agree on the necessary measures [for climate change]. Even less are they able to agree on how to divide the costs between countries; or the responsibilities for future generations. Now only short-term national interests dominate\u201d he continued.<\/p>\n

His fund\u2019s Global Challenges Prize<\/a> is awarding $5m USD \u201cin prizes for the best ideas that re-envision global governance for the 21st century\u201d.<\/strong><\/p>\n

The Foundation’s website explains further:<\/p>\n

\u201cEntrants should focus on designing a decision-making structure or framework that could galvanize effective international action to tackle these risks. \u00a0The proposed model may encompass an entirely new global framework or a proposed reform for existing systems.\u201d\u00a0<\/em><\/strong><\/p>\n

The competition, called \u2018A New Shape\u2019, is open to any individual or organization, and at least $1 million will be awarded to the winner. The fund is accepting proposals until May 2017.<\/p>\n

Here are Szombatfalvy\u2019s 4 advice for young people:<\/strong><\/p>\n

    \n
  1. Be conscious\u00a0<\/strong>of the fact that you are not only your own country\u2019s citizen; you are a global citizen.<\/li>\n
  2. Realize <\/strong>that your children\u2019s and grandchildren\u2019s living conditions to a growing extent will depend on other countries\u2019 citizens, even more than on their compatriots.<\/li>\n
  3. Understand, <\/strong>that without a global governance system that can\u00a0tackle global risks, the likelihood of major catastrophes will become incomparably higher.<\/li>\n
  4. Demand action <\/strong>from your elected politicans! Vote out the incompetent people \u2013 you cannot afford them!<\/li>\n<\/ol>\n

    httpv:\/\/www.youtube.com\/watch?v=6gptj3rlfsA<\/p>\n

    Go to Original \u2013 businessinsider.com<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

    Laszlo Szombatfalvy, one of Sweden\u2019s most successful investors of all time, is urging on the younger generation to rethink global governance. Now he has issued a large award for the best idea to replace the current global governance system, through a competition called \u2018A New Shape\u2019. <\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[82],"tags":[],"class_list":["post-84711","post","type-post","status-publish","format-standard","hentry","category-united-nations"],"_links":{"self":[{"href":"https:\/\/www.transcend.org\/tms\/wp-json\/wp\/v2\/posts\/84711","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.transcend.org\/tms\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.transcend.org\/tms\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.transcend.org\/tms\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/www.transcend.org\/tms\/wp-json\/wp\/v2\/comments?post=84711"}],"version-history":[{"count":0,"href":"https:\/\/www.transcend.org\/tms\/wp-json\/wp\/v2\/posts\/84711\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.transcend.org\/tms\/wp-json\/wp\/v2\/media?parent=84711"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.transcend.org\/tms\/wp-json\/wp\/v2\/categories?post=84711"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.transcend.org\/tms\/wp-json\/wp\/v2\/tags?post=84711"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}