Blog Post

The internet, and by extension much of the global economy, is built on “digital public goods,” often in the form of open-source software. This open-source software is a critical infrastructure for the devices and applications that are part of our everyday lives, yet remains consistently under-funded and under-resourced. Below we explore the importance of and obstacles to sustainability that open-source software faces today, and highlight various experiments that aim to improve the quantity and quality of such infrastructure.

On April 2-4, 2023, the DAO Harvard conference brought together practitioners, policymakers, and academics to engage in conversation regarding the research, legal, and policy considerations of Decentralized Autonomous Organizations (DAOs). The conference, hosted by the Belfer Center’s Technology & Public Purpose Project and the Edmond and Lily Safra Center for Ethics, convened global participants across five continents here at Harvard University. This post will recap some of the major themes and takeaways from each of the individual summits– the Research Summit, Law Summit, and Summit on Equitable Ownership and Governance in the Online Economy.

After an interval when little attention was paid to the long-run prognosis for government debt, its sustainability is again front-and-center in the United States, as in many other countries.  The reason is not the concocted debt ceiling crisis, which was resolved at the end of May, two days before a looming default. A likely reason is, rather, the big increase in interest rates over the last year.

So long as interest rates, both nominal and real, were historically low — even close to zero in 2021 — it seemed fine for the government to borrow.  In particular, short-term real interest rates, that is, nominal interest rates minus expected inflation, were negative.  But now that interest payments on the national debt have risen, with more to come, the situation doesn’t look so benign.

With his vision and statesmanship, President Kennedy demonstrated that strength lies in the pursuit of peace and not war.

The world is likely to continue to live with a nuclear disorder with nuclear arms race and proliferation. Unfortunately, it may take another major nuclear crisis for the world to heed President Kennedy’s warning in his 1963 American University speech.

This anniversary is a reminder that nuclear weapons have dramatically raised the value of a certain political style. We cannot wait for another brush with annihilation to relearn the virtues of compromise, coexistence, and genuine great power peace.

In “A Strategy of Peace,” President Kennedy outlined a gradual evolution toward genuine peace, a dynamic process to bridge the evident divide between the two major nuclear powers of the day. Over fifty years later, President Obama’s address in Prague echoed many of Kennedy’s core themes: the danger posed by the continued existence of nuclear weapons and the need for cooperation in the face of seemingly intractable differences. 

The relevance of Kennedy’s speech to the current U.S.-Russia arms control situation is clear: it calls for a return to diplomacy, open dialogue, and a recognition of shared interests, even in the face of seemingly insurmountable challenges. 

A two-decade drought in the western United States, the worst in more than 1,000 years, has pushed chronic water shortages to a critical point, notwithstanding above-average precipitation this past winter.  Similar water shortages afflict Europe and some parts of Africa, Asia, Australia, and Latin America.

Forty million people in western US states get much of their water from the Colorado River. On May 22, their representatives reached a supposedly historic agreement to solve their conflicting claims for the time being.  California, Arizona and Nevada managed to negotiate how to allocate reductions of 14% by 2026, in water drawn from the river.

Over the last decade, developments in blockchain and various decentralized technologies have spurred the evolution of “web3,” introducing significant disruptions across various industries and sectors. For many innovators, these technologies can significantly improve existing transaction and verification processes, by making them more transparent, efficient, and trustworthy. For others, web3 serves as an ideal platform for developing and scaling innovative economic and governance models towards a more sustainable, collaborative, and democratic future. However, the clear evidence of frauds and scams accompanying these advancements make some critics question the credibility and legitimacy of the field. As such, it is vital to critically examine the field and pinpoint areas and use cases where these technologies can truly bring positive change and impact. The event offered an opportunity for practitioners, academics and researchers to explore the most promising approaches and use case areas for employing web3 technologies and blockchain to promote positive social impact. Through a combination of presentations and interactive sessions, attendees have engaged in rigorous debate and analysis of the opportunities and challenges of blockchain technology, including discussions of the technical, economic, and social implications.