The Next Economic Revolution, and How to Profit From It
If you were alive in the 1780s, you got to witness the first major economic revolution of the modern age. The steam locomotive burst onto the scene, and the labor force began a steady move away from agriculture.
By the 1870s, the Industrial Revolution was in full force. Urban factories had replaced rural farms, and American life was more connected than ever.
Then the car and the airplane showed up at the start of the 20th century. And, between the 1970s & 1990s, the internet roared into the world.
Each of these major innovations fundamentally changed the economy.
In every case, entire industries vanished overnight as new innovations transformed people’s lives.
But some people were ready for it. They positioned themselves to profit immensely in the new world because they saw the changes coming and they prepared for them.
We are on the cusp of another massive transformation in the global economy. Widespread automation and artificial intelligence will create brand new industries. But it will also destroy. Anything that can be automated will be automated.
What will this mean for you? Are you going to be caught with your pants down, dependent upon someone else to bail you out?
Or will you be one of the powerful few who controls your own destiny?
Intro music by Nick White, producer of The Statist Quo.