World 1.0 World 2.0 110 successive months of job growth 10M jobless claims in 2 weeks 10 year bull market across sectors Winners and losers with extreme outcome inequality Full employment 30% unemployment Base rate thinking First principles thinking Physical Digital Office by default Remote by default Office for work Office for connection, community, ecosystem, makerspaces Suit, tie, wristwatch, business card Good lighting, microphone, webcam, home office background Commute + traffic jams Home + family Last km Only km Restaurants Groceries + delivery $4 toast Sourdough starter Walkscore Speedtest Cities Internet $100k for college Not paying $100k for a webinar City Countryside YIMBY NIMBY Internal issues Exogenous shock Lots of little problems One big problem Stupid bullshit Actual issues Too much technology Too little technology Complacency Action Years Days Policy Capacity Ideology Competence Assume some government competence Assume zero government competence Institutions Ghost ships WHO Who? Trusted institutions Trusted people Globalization Decoupling Just-in-time Stockpile Tail risk is kooky Tail risk is mainstream NATO Asia Boomers most powerful Boomers most vulnerable Productivity growth collapse Economic collapse Social services Democrat UBI Communist Propaganda Propaganda Deficit hawks MMT Corporate debt Government debt Techlash Tech a pillar of civilization and lifeline to billions Break up Amazon Don’t break up Amazon!!! Avoiding social issues Avoiding layoffs Sports Esports Phone is a cigarette Phone is oxygen Resource depletion $20 oil, $0.75 watt solar, <$100/kwh batteries Stasis Change Low volatility High volatility Design Logistics Extrovert Introvert Open Closed 20th century 21st century