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The interesting twist this time is that we might actually be seeing the start of a profound and permanent change in our lifestyles, and some part of the big inc

The interesting twist this time is that we might actually be seeing the start of a profound and permanent change in our lifestyles, and some part of the big increases in the values of tech stocks is probably a rational response to that. The trillion dollar question is, how much? Assuming we overcome the virus and life returns to something like what it used to be, does anyone think we won't still see a significant shift in working patterns? WFH has been a revelation to many people and many employers, and its pros and cons are probably better understood now than they ever have been before. I doubt we'll see anything as dramatic as everyone wanting to work from home full time, not least because I think a lot of people underestimated the downsides before they tried it, but I expect we'll still see a lot more remote working than before. Both our homes and other local venues amenable to it will adapt accordingly, and technologies that support remote collaboration in its many forms will continue to be vital. The shift to buying more goods and accessing more services online instead of physically going out has forced rapid changes in many businesses and other organisations. That includes many smaller places that haven't traditionally had much interest in or need for technology. Those changes won't suddenly get undone even when we all start going out more again. So again, the technologies now supporting online shopping and services probably have increased significantly in real value.

gdyuytgh 6y ago
My guess is that the ruling class of the US has been spoiled by the China's governance model and now wants the same here. They see USA v2 as one huge corporation: it's simply more efficient when the growth phase is over. Fed invests into the big corps to consolidate power. Some folks in the ruling class didn't like the idea and left the US to New Zealand and other places. I'd also add that 25th and 75th year of every century are turning points: the sudden influx of ideas and highly capable people stirs the pot and pushes the progress forward. We're approaching the end of the age started in 1925: opportunities depleted, morale is low, cynical people extracting whatever valuable is left. 2025 is supposed to unlock new ideas and opportunities that'll set the trajectory for the next century.

gdyuytgh 6y ago

My guess is that the ruling class of the US has been spoiled by the China's governance model and now wants the same here. They see USA v2 as one huge corporation: it's simply more efficient when the growth phase is over. Fed invests into the big corps to consolidate power. Some folks in the ruling class didn't like the idea and left the US to New Zealand and other places. I'd also add that 25th and 75th year of every century are turning points: the sudden influx of ideas and highly capable people stirs the pot and pushes the progress forward. We're approaching the end of the age started in 1925: opportunities depleted, morale is low, cynical people extracting whatever valuable is left. 2025 is supposed to unlock new ideas and opportunities that'll set the trajectory for the next century.