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Modern communications, he mused, would transform the market for superstars.
"To transform the market" the CMA wants banks "to provide their customers with the right information".
The plan is to transform the market into one that demands – and expects – efficient, environmentally sound cars.
Giant batteries are being developed to store electricity on the grid, which could transform the market for intermittent renewable sources such as wind and solar.
"We're now talking about being able to transform the market for one of the world's greatest and most established luxury products," he said.
In emerging economies these dangers are magnified by the possibility of currency crises.But in two areas a few innovations could transform the market.
Similar(37)
The big question there is not whether electronic trading will transform the markets, but how.Internet trading is no longer just about better deals for retail investors.
Still, the fact that Twitter is simply pursuing an I.P.O. on relatively friendly shareholder terms rather than trying to transform the markets is a good sign.
In the 1980s, oil from the North Sea and Alaska transformed the market.
But an exodus of Albanians seeking work abroad soon transformed the market.
In Argentina, President Carlos Menem's high-speed liberalisation has transformed the market for managers with equal rapidity.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com