There are three fundamental forces disrupting the conventional order, and everyone with their eyes open sees them at work every day:
- Essential resources are becoming more expensive.
- The system of expanding credit/debt to fund more consumption (i.e. “growth”) has reached marginal returns and is failing.
- Networked software, automation and robotics are reducing the need for human labor on a global scale.
As a result of these three structural forces, economic instability is not going to go away any time soon. Technology leapfrogs the obsolete and inefficient; no wonder conventional sectors and the market for traditional 9-to-5 jobs are both stagnating.