My reflection over the last decade 2010-19:
1. Start of the “digital” revolution. Made possible due to smartphone computing power and internet “WiFi” accessibility. This ushered in modernization in delivery and consumption of entertainment (e.g. Netflix, YouTube), education (e.g. Byju) and overall ease of living (e.g. Amazon, Uber, Airbnb, PayTM etc).
2. Further concentration and polarizing of powers & money in politics and business. Rise of autocratic leaders around the world triggering the process of “nationalization” i.e. reverse globalization.
3. Increase in money supply due to quantitative easing inflating assets, negative yields and making monetary policy ineffective. It’s also given rise to fiat currencies like the crypto-currency bitcoin and the move away from US dollar and US financial systems.
Next decade 2020-29
1. Be prepared for one recession. This is the opportunity for millennial and Gen Z to create maximize wealth.
2. Mature phase of digital revolution and start of robotic revolution. Greater emphasis on ease of living in “unknown” fields. Cyber security and safety gaining prominence.
3. Rise of being “socially responsible” in businesses and citizens. Greater realization of harmful effects of inequality (income & women), climate change, unhealthy foods & habits etc.
1. Start of the “digital” revolution. Made possible due to smartphone computing power and internet “WiFi” accessibility. This ushered in modernization in delivery and consumption of entertainment (e.g. Netflix, YouTube), education (e.g. Byju) and overall ease of living (e.g. Amazon, Uber, Airbnb, PayTM etc).
2. Further concentration and polarizing of powers & money in politics and business. Rise of autocratic leaders around the world triggering the process of “nationalization” i.e. reverse globalization.
3. Increase in money supply due to quantitative easing inflating assets, negative yields and making monetary policy ineffective. It’s also given rise to fiat currencies like the crypto-currency bitcoin and the move away from US dollar and US financial systems.
Next decade 2020-29
1. Be prepared for one recession. This is the opportunity for millennial and Gen Z to create maximize wealth.
2. Mature phase of digital revolution and start of robotic revolution. Greater emphasis on ease of living in “unknown” fields. Cyber security and safety gaining prominence.
3. Rise of being “socially responsible” in businesses and citizens. Greater realization of harmful effects of inequality (income & women), climate change, unhealthy foods & habits etc.
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