In the history of times, when something amazing happens, many people do not realise it. After it has happened, there is no need to justify the amazement.
Something similar is happening in our times and you either get caught in the Maze, be Amazed or make the best of it.
- More of the global wealth creation is happening in Services, intangibles, intellectual property and Data , rather than hard assets like land, gold, oil etc.
- Consequently economies are powered by services with lesser contributions from manufacturing, agriculture.
- Amassment and accumulation for future proofing is also in the above areas and not the traditional asset classes. ( Alibaba and Tencent buying everything in Digital, $500Mn AI venture fund, 50% of US market cap in the hands of digital firms…. , Dead dinosaurs like Blackberry, Motorola, Nokia living on IP royalties…)
- Resetting and reskilling every few years becoming the norm, thanks to the Gig economy. Job categories disappearing every day.
- Digital is touching every sphere of life from flipping elections, citizens deciding on how to spend the tax money, overthrowing governments, uprooting old business models and industries..
- Typical barriers to start a business crashed already. You must have heard of 1 or 2 person companies, outsourcing everything to Amazon cloud, specialist firms and starting a business from an idea over a weekend.
While sceptics doubt anything will touch them, the revolution is taking place. Hopefully you don't miss it and only realise it after the fact!
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