A somewhat different way as compared to germans the russians or through or french or any other people so years ahead that could only were applied to sweden because swedish people have heightened sense of responsibility and social awareness and no other country would be able to seriously folly because it will end up in china things i mean theyre pretty much will bank they do everything theyre told to add dont see an injury or people breaking the rules. And yes they do but here you can do it with rather its only a recommendation you dont even need a little you can actually recommend people to do things you can propose people to do things and they will go with you and as i said the central word here is trust the fact that you trust the person that recommend you to do certain things and then you will go with the person since your trust the person or the authority and here we know from research that sweden together with maybe just pan. To certain extent korea had a situation where you have a very high trust in the society and that means that we are a little bit different when it comes to how we organize. Our Companies Universities as well as a pandemic to fight to pandemic still theres been so much press about this swedish model and everyones calling it a different thing someone says its a risk model and other outlets sensible policy health care will and exterior meant and those are some of the words that are actually so describing this cliche pull down it is this really sure a gamble is it a risk or is it a part of the plan and the garley here is exactly where its going has if youre saying this is all based on personal responsibility and these fleets are people who have heightened sense of responsibility i mean it is still it still sounds like a gamble to me to know when i mean because i see what you mean now 2 things here the 1st thing is this virus we know today will hit every country. It has. And it already said 184. 00 off though 200. 00 countries or something that if we hit every country and in principle it will also hate rude person sooner or later it seems we dont have x. And now as an effect of that there are this is only a matter of choice method what kind of method you will use to keep that in the flow to the Health Care System at a decent level in our respective countries finland germany sweden russia everywhere its a matter of keeping it in a flow through the Health Care System at a level such that it doesnt crash and explode in some countries you do it by locking the whole country down. And control the inflow that way in some countries you do it we have. Changing the Legislation Police on the street and you keep the flow inflow to the Health Care System at the certain limit here you dont have to call out the police or the military people still follow the recommendations which means the Health Care System has not crashed which is the past if you see what i mean this is the ultimate test does the Health Care System stand by sort out the problems and asked or esle today or yesterday i should say because we got numbers yet that it was yes Still Standing still working people seems to follow the recommendations yes we dont have to go further so or a piece here so he has also been very clear if you do not follow the recommendations we will take 12345 steps more and then it will be more brutal there proves that the government is saddled to a city bill is that he should all be responsible for each other and if one breaks the rules then we can implement harsher measures that everyone else sort of goes down with you is that the end you can call that a social punishment and for a swedish person thats a very hard punishment to go like huh so you doesnt follow the rules then we have to change the whole procedure here which means that we have to punish everybody if you see what i mean. And thats exactly where we are today the government has announced you follow these recommendations if you dont we will be tougher. So this one ish open model is contrary to everything every country has doing on so contradiction lumped into one you know advice a city of im just wondering. How exactly can this place government sankoh it games to peer pressure it out of its neighbors let me they insist its way because its not easy no one anywhere is saying wearing it to gather their family together we were all in lock downs and then sadly its really like well sorry were not doing that but i think its pretty cool if its working out for you then best that ricky mustve been very hard now to go against this you know more like tight. Yes but there are 2 answers to this one you know one answer is that this trust thing that you and i have been talking about the other thing is that we have a model for governance in this country which prescribes that a government is subject to follow the recommendations of its expert authorities and a minister can not fire the have no that oath or o. T. Or intern rename any way you or any others so you are bound to follow the recommendations of the experts here so the experts come with Firm Recommendations to you as a Prime Minister you will look at the recommendation its a scientific recommendation and its public and transparent it would be very very difficult for you to say i will go against my experts and propose a complete lockdown. So who were they waiting on some numbers and correct me if im wrong i know your theory that youre comparing and economy systemic Economic System to a bicycle is like a bicycle which seeks to keep growing because it has start to fall and then in that way it makes complete sense why sweden is trying to do what he desk but on it and the same hand laid on the same time and Record Number of people who have been fired by the almost 37000 people according to this citys t. V. Those are never easy in fact it is yes yes it is a Current Crisis be and late things havent been think great and the country g. D. P. Easily expected to drop so does that mean that despite all the measures economic fall out of the pedantic will be found the same in sweden as easily you know this is i used to compare it. To excuse myself 1st for comparing such a serious thing as a deceased to some kind of sport this is like a horse race where its like m r us on there are 200 horses countries or 200 participants in this marathon and the question is which technique plays out to say most lives and companies because its a matter of saving both as much as you can over your economy and as many lives as possible. We would know that in 2 or 3 years time when we compared to today its difficult because we didnt start the race at the same time if you see what i mean. The virus came to be totally before it came to sweden the virus came to prey out way before it came to to the nordic countries or to russia which means that its too early to compare. What you can see here i am to mother countries you can say i am half finnish asked swedish and when you look at the finnish experience so far today a lot of country down as you know they have very few infected number a low number of infected people. Very few deaths in relation to the population but they also declared this means that we will have to continue with restrictions and very firm restrictions until November Oktober november maybe even december because. The number of infected people will continue over time for a longer period of time here in sweden my other home country the number of infected people today is high the deaths somewhat higher then and in finland but it also means that the infection will play out faster here. Continued. Innovative. Unique approach. 30 years ago the. Cold war had essentially come to an end the fall of the cold war was heralded as a new spring of nations and the end of. Decades on what is the legacy of. The promises of 1909 been fulfilled. Time after time called parisian to repeat the same mantra sustainability very important to excel or it drives us from sustainable prize board to sustainability. More equitable and sustainable well. They claim their production is completely harmless. It. Companies want us to feel good about buying their products while the damage is being done far away this is this lets keep going down even on. The going. Back with comments from a swedish economist innovative speaker a bestselling author futurist callow euro mentions you are there are other lands in london youre saying there are very strict social measures and you know theyve been locked out till November December so this street social distancing measures theyre also taking a toll on peoples minds as well its not just the wallets i feel like. I dont know at some point which one would be a bigger problem like a psychological problem you are a canonical problem so how long can take people actually take it because we are all social elements i feel like that that were at the brink where everyone is just going to burst out. I think youre exactly right there we are of course at the brink in many countries today. When you look a country that you also look peoples life down and at the end of the day this hass an impact on our health to. This we know we also know that high unemployment rates if we come up to 1520 percent. A lot of unemployment in countries that would have an impact on health too so its a matter of balancing things here if you go are too harsh with the lockdown measures there will be healthy implications on the other side if you go too soft on the iris and on the pen demick of course then you risk crashing the Health Care System which will have a low impact on the. Health of the population so you balance things here i think it makes sense that we do it in a somewhat different way because people culture our history are different and that means that the french the german dissuaded the russian way will be a little bit different in terms of new insights because so our respective countries history and experience. You also say the same at the economy is to a large extent driven by hope. Yes i hope tracks investments are consumption but to be quite honest sounds thinking about that and i mostly dream about the day when i get out of home back to work and i jus like the simplest things right my county coffee on a terrace humming a friend you know i taking a walk and im certainly not thinking about investments or consumption and i am thinking that may be on hold for a while for me and there are a lot of people around b. Who think the same way so where it does in the situation of posting derek hope as a dragger of economy come in because i dont hope for investments in consumption i just hope for the simplest things i never thought at hope for its a very well you put it very well there and i think we will follow precisely the cycle i did was start with very small things that we are hoping for to see our friends to have a coffee together take a walk together a summer day maybe even if so why and if were lucky. Investments buying a house in from source Something Like that not and that means that we want to start up the economy probably the wrong as slowly after dispensary. Depend on exchange to be a little bit longer than we expected from the beginning and that means that it will take a little bit longer to start up the economy look at to marie some for example or the airline into the local Airline Industry the planes are all on the ground around the world today most of them at least and to start this up were looking at several years 23 in some cases maybe even more. So i also want to look at the world today and i see a borders being back up and hold and thats understandable and travel bans supply chains are paralyzed and you know what happened to damage globalization was sort of not in the high here but will this Quranic Crassus kill it completely think. Not completely. Number one this global lice ation phenomenon basically started with in its modern form with china opening its north to do west now the soviet union collapsing some years later in the beginning of the ninetys and then into world open like an oyster and you could basically use the whole world as a playground all the time mean that you could buy components from china you could buy oil or other components from russia you could ship it to holland packet sheet then distribute it in europe it was a found pass the 3035 years where we were using. The competitive advantages of our respective countries it was like agreeing your own boost kind of party locally everybody brought their their own thing to the table. As come to a halt absolutely however we wait and create regional supply change we wont we wont go back to national we go back to regional that means that would be a nordic Northern European european. Show european not a necessarily a global for the foreseeable future. Because im still having hard time imagining what he would be like. The World Economy right now is so interconnected and dependent on flow of people and services and because its become local esle arrow still their mission because when youre saying its going to go from global to regional. I assume its going to take also some time what do we do between what happens in between we would indeed do a little bit of both which means that we would have our foot in the global world which supply chains that go all the way to pakistan or we have now more or or argentina or somewhere else in the world Global Supply chains but we will gradually build a local or regional backup so for the time we will have both. If we see it over a longer period of time like 20 or 25 years we will be back to globalisation if we look at the long history of human beings there is one and only one direction we go in bigger institutions and more international i say sions but there are blips seemed occur because a war because of endemic speak or so things that happen but the long term rise 1520 years later we will be back. So this region there is a shame that you talk you talk about this isnt a flight to condemn it to feel like its just going to be fast for for it because of the pull down a flight it could have taken place over the course of i dont know 5 or 10 years and i was thinking course overnight because of the pulled any exactly right and i think what at 10 downing due to the Economic System is that it speeds up certain structural changes weve been talking about internet shopping for 20 years and it still has been very slow in Certain Industries now its happening we have been talking about building up local suppliers over many many years that its necessary to have also local suppliers now its happening so in a way speeds things up that we have been talking about. So i have about maybe a bit of a philosophical question for you because when i look at prices major crisis that took place right thank you 20 workmanlike 29 or 2008 it sort of happened overnight i mean people woke up one day and found that theyve lost or their savings arent and money was no good anymore it got devalued where this sat its very different and in this situation evolved gradually we dont know when its going and but well there are that its going to and we only know that were going to have a crass in our hand so i was thinking because the beginning of this crisis and because this whole thing is some unconventional could this outcome also be unconventional i mean do you think we are in long recession and 5 to 10 years like in 2008 or do you think maybe because the form of the crisis is so on conventional the solution to it also could be nothing like before. Extreme him sit down require an extreme response and this is rather extreme and it starts not with a financial mishap or something wrong with them financial machinery it starts with you and me being locked down in an apartment somewhere which means that we cant buy our coffee we cant do our shopping so the crisis team packed. All these crises on the Economic System basically comes from the buying and its the buyers that are not there to some extent its the suppliers that can deliver but its not a banking crisis its not the dollar that these were a currency that is collapsing nothing its a virus that stops the machinery. The consumption and that has a lot of impact then down the chain of the Economic System. Yes date will be different this time the governments in our respective country we can think of the government as an Insurance Company i used to think seriously of government sounded Public Sector as a big Insurance Company and now its time for the Insurance Company to pay up and thats what they are doing in our respective countries in a somewhat different way because we are different but the Insurance Companies are now paying and they are paying for the damage ace that means that we can start up much faster then weed out an insurance policy but it would stand required to do in some industries 3 years before we are back im talking about the Airline Industry hotels traveling. It will take some time so far whats your estimate whats what like 3 to 5 years 2 to 3 years so were back to normal years before we are back. And then 5 years because before we are full speed ahead and to be back to the level of globalisation that we see today probably more like 1015 years just last question because i knew his system demick. As a paradox in a way because it has put the world in hold ok but on the other hand just like the regionalization process it has fast forward so many processes for instance processes there were supposed to die were dragging a lot of there that overnight and present and they were supposed to start you know that theyre in there theyre not like a distant future anymore that say its our reality im talking about how that jobson changed and it that a job market is changing the business is the right out and sure the newspapers are gone forever for instance and oh my businesses are here forever at this point you know and like im not even sure if a lot of people will go back to work because they figure they can work from home so i am trying to figure out where if human nature is it is a good thing that the transformation happened so