I always said punk was an attitude. It was never about having a Mohican haircut or wearing a ripped T-shirt. It was all about destruction, and the creative potential within that.

Sid Vicious began the age of participation in which everyone could be the artist. Sid proved that you don't have to play well to be the star. You can play badly, or not even at all. I endorsed that attitude. If you can't write songs, no problem - simply steal one and change it to your taste.

Punk's influence on music, movies, art, design and fashion is no longer in doubt. It is used as the measurement for what is cool.

Punk's influence on music, movies, art, design and fashion is no longer in doubt. It is used as the measurement for what is cool.

Through all aspects of society be it art, design, the financial markets, government, technology or communications we are witnessing unprecedented global transformation - the result of which is impossible to predict.

I was taught that to create anything you had to believe in failure, simply because you had to be prepared to go through an idea without any fear. Failure, you learned, as I did in art school, to be a wonderful thing. It allowed you to get up in the morning and take the pillow off your head.

I've always embraced failure as a noble pursuit. It allows you to be anti whatever anyone wants you to be, and to break all the rules.

Art school had taught me it was far better to be a flamboyant failure than any kind of benign success.

What matters is this: Being fearless of failure arms you to break the rules. In doing so, you may change the culture and just possibly, for a moment, change life itself.

Everyone should be commended for allowing people to make disasters, to make failures - you've just got to be sure that it's a magnificent failure and that, by creating a magnificent failure, you plant the seed.