What I believe in is a firm economic foundation. Something a country, a nation, can build the next level on. There are traditional Economic fundamentals that need adhering to for this to occur. Looking to our current crisis we can see what we did 30 years ago is impacting today. This means we need to be mindful of what we do today because it will be impacting on our economies in 30 years time. The first example is of borrowing from our children.We are sitting in one of history's worst economic crises and few people have not been affected with most people heavily affected. Economic cycles occur and are part and parcel of economies, but these chronic recessions are from system failures, deviating from the fundamentals.The US of A is the world's leading economy. What it does affects the rest of the world who continually keep an eye on it's situation if they want to get ahead. Needless to say much of the world can and have independently gone to pot on their own.



Thursday, October 6, 2011

Steve Jobs

The world has lost an Entrepreneur, a free spirit who had vision and inspiration.



Reviewing his legacy, we see that there are few people and no countries that were not touched by his work. Between Jobs and Bill Gates they rejuvenated a flagging USA and the world has been made a different place.

If not Bill Gates or Jobs, what would the world be like? Following Asimov’s Scifi and the rate of improving technology the writing was on the wall that we were evolving into the computer age. If not them someone else would have been there to pick up the baton.

Why USA and Europe and not the Communist block countries? Innovation thrives under freedom and protection of intellectual property. The communist countries had their own power driven development, but following known paths where intellect could be applied to improve.

USA under Reagan was a fertile field for individuals to plant seeds of innovation. Many, most failed. But those that took flourished. Britain was great because of innovation, they didn’t persecute the individual (much) for being eccentric and they grew an empire from being one step ahead. The history of USA was pretty much the same. Not to miss the opportunity that they both had periods of conquest as well, they couldn’t have achieved these without superior technology.

So we ask – what now? With the taxing of entrepreneurs and the existing giants fading there are only the financial institutions and political bases driving growth.

Those leaps in world growth have been by individuals doing what their peers say is impossible. Many of these people fall by the wayside, but those few successful leaps have not been done recently. What is there for the future other than, remixes and revamping existing technology? Sorry forgot the beer and sports.

I don’t believe we have reached the end of new leaps, just a plateau. The entrepreneurship is being stifled and the next world power will be the one with this leap. If USA isn’t that country then it is in deep poo as it would have allowed the baton to be picked up by other competitors.

Living on the Past doesn't feed people - creating the future last decade feeds people now. It takes decades to grow new industries. I am struggling to see what was done last decade to make this decade work. What is being done now for our kids next decade? Internet and marketing is over a decade old and simply adding value. Sorry we have twitter and facebook......

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