Parallel second economy!
Again am stressing the point Man is known for creative destructive nature. We are creating the digitalised world with social media, mobile, cloud, analytics (SMAC) technology that is predicted to be equal to the physical economy by 2025, referring to Brian Arthur's article ' The Second economy '. No wonder this second economy will create a progressive path for few with lesser jobs for the majority, the bigger impact is the divide. Arthur in his article talks about producing wealth with uneven wealth distribution. If this is bound to be true, the world is staged for the next war - Rich vs Poor. If I imagine the digital economy to prosper in the next decade to its full potential, the economic impacts would be a greater divide between the rich and poor. The most unfortunate thing about this being the economic progress without jobs. I am sure, many countries including India have already started see this kind of ...