Yves Bonzon, an investment director at Julius Baer, argues that neoliberalism has come to an end and that the world is entering an era of state capitalism, marked by global fragmentation and the impending impact of artificial intelligence on markets.
Yves Bonzon, the Chief Investment Officer at Swiss financial group Julius Baer, asserts that the era of neoliberalism has concluded, and we are now witnessing the emergence of state capitalism. He notes that our current global landscape is marked by increasing fragmentation, which he fears may lead to stricter capital controls across nations. This shift signifies a need for new market operating methods, as the old paradigms are no longer effective in the evolving economic climate.
Bonzon, who has a long history in financial markets, explains that the evolution of artificial intelligence (AI) will take approximately two years for investors to fully comprehend the winners and losers in this new technological landscape. He views the transformation to AI not just as another technological advance but as a significant revolution that reshapes the tools and approaches necessary for successful investing.
As a veteran in the finance industry, Bonzon's insights reflect a growing concern among market leaders about the future of capitalism and the role of technology. His perspective is particularly pertinent given the rapid advancements in AI and the geopolitical challenges facing global economies, suggesting that investors must adapt to survive and thrive in this new environment.
