3 ms·
The competitive advantage boils down to being able to do what is optimal for you to spend your time on. America can enrich a majority of the richest people on e
by intended 2y ago
The competitive advantage boils down to being able to do what is optimal for you to spend your time on. America can enrich a majority of the richest people on earth, by having a fraction of the populace working.
China has to put up nets on its factories and subsidize entire swathes of its economy, for decades, to be competitive.
Currently - the value of labor is being eroded by the value of automation. This is why it’s no longer possible for India to succeed by turning into a manufacturing powerhouse. The global option now is in having effective service industries. Generative AI is already throwing a wrench in that plan.
This is leaving ZERO room for people with ordinary resources, knowledge and skills.
The idea that free trade is the problem, may have held for a specific window in time. That window was small and has closed. The larger issue is automation, and the displacement of neophyte workers.
——-
My personal take - the challenge today is helping people actualize themselves. This is a very fuzzy term, and frankly it embarrasses me to use it. But we have better tools, practice, and science behind human thinking. I’ve used this knowledge practically, and I’ve seen results in team performance and motivation.