He argues that we are undergoing a multidimensional systems transformation, where interconnected subsystems drive change. Sheng draws on Karl Popper's three worlds to explain how money, as a derivative of physical goods, has evolved through digitization and tokenization. This has created a complex financial market that can outpace underlying assets. In this era of uncertainty, money's role is critical, demanding a biological, rather than purely physics-based, understanding of finance and the real economy.
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Distinguished Fellow, Asia Global Institute
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The University of Hong Kong
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