Matolcsy:  Hopefully more sophisticated warfare, not a war

English2021. feb. 19.GOVERNOR MATOLCSY100WORDS

There is always a risk for war between the incumbent and the emerging new powers, but hopefully not this time. /John Dizard, FT, 30 January 2021/

When the stakes are too high for both of them, they must and will find other types of warfare to weaken the other side. Like in 1943, when Morgenstern and Neumann gave the mathematics of the future cold war to the Joint Force, the U.S. might opt for a new strategy. Technological, cyber and financial warfare will prevail over traditional war.

This creates new risks for the global business sector, not less threatening than all the risks coming from outright warfare.

Beyond that, it offers huge new business opportunities, as it happened to the financial community in the financial warfare during the 1970s and the 1980s.

Governor, Matolcsy, MNB, the Central Bank of Hungary

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