How technology disruption will lead to a profound economic change. Welcome to 2018 and all that it holds. This is my theme for the year – Technomics – the Venn diagram between Economics and Technology. Today I want to explore how technology will have a profound effect on economic structure in the very short term future by way of explaining two specific use cases where technology disruption will lead to a profound economic / political change.
Firstly a principle I hold dear – profit comes from friction – where friction makes something difficult an organisation that makes something easy extracts profit from doing so by creating efficiency.
So let’s take a look at. . .