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False Wisdom of Crowds
If you had a choice of flying from Boston to San Diego in a plane piloted by a single machine or the combined intelligence of 3,000 people, which would you choose? Perhaps you would want more information before making that decision. If the...
The Threat of a Jobless World
People are seriously worried. I’ve been in a number of conversations recently where people are very worried about our coming era of automation where fewer and fewer jobs will be left for people to do. A few months ago I predicted that over 2...
Peter Thiel’s Quest for Creating a Viable Global Currency
In 2003 the DaVinci Institute produced a landmark event called “The Future of Money Summit” which took place at the Omni Hotel in Broomfield, CO. One of the featured speakers was Bernard Lietaer, chief architect of the Euro. At the closing...
Workerless Businesses: An Explosive New Trend
The world was suddenly awakened to the potential for niche markets that appeal to an increasingly diverse consumer marketplace. In business terms, it gave rise to the notion of online businesses selling relatively small quantities of unique...
Controlling Your Own Legacy
Over the 4th of July, I attended a theatrical production of the history of my hometown of Mobridge, SD. The actors and actresses did a terrific job of illustrating the tough times of the early pioneers trying to forge a new life along the...
Turmoil Ahead for the Automotive Industry
In 1954, Brook Stevens, a well-known industrial designer gave a keynote speech at an advertising conference titled “Planned Obsolescence.” By his definition, planned obsolescence was “instilling in the buyer the desire to own something a little...
The Disruptive Underground Vs. the Banking Industry
In 1997 Reed Hasting returned his copy of “Apollo 13” to the video store and was hit with a late fee so big that he was embarrassed to tell his wife about it. Out of this moment of humiliation the idea for Netflix was born, a business that would eventually take down...
The Curse of Infrastructure
Every time I drive to the office there are 11 separate stoplights along my route. Based on some cosmic luck-of-the-draw, two thirds of the stoplights will either be red or green, and the time it takes me will vary from 12 to 22 minutes. Yes,...
56 Future Accomplishments: Waiting for Someone to go First
On May 24th, Gary Connery, a 42 year old stuntman from Oxfordshire, England jumped from a helicopter hovering over one mile in the air over southern England, and glided to the earth using a specially designed wing suit. His runway was comprised of a cobbled-up...
When Countries Go Bankrupt
In December 2006, Britain made its final payment of $84 million on a $4.34 billion loan from the U.S. that was made all the way back in 1945. Germany wasn’t the only country to go bankrupt after WWII. This money allowed Britain to stave off its...
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