Future Wealth is a book that exams three major themes created by a connected economy: risk as opportunity; growing efficiency of financial markets for human capital; and the need for new forms of social capital. The book is divided into five parts: foundations, individuals, companies, society and horizons. Part l: FoundationsThe connected economy is creating new forces, three of which are of major importance. The growing efficiency of financial and real markets, brought about by increased connectivity to the internet; The dominance of human capital created by software that automates traditional business roles; and the degeneration of our social capital due to technology's impact on our privacy, security and property. All of these forces combine to create the three themes of this book.Everything of importance has risk attached to it and people's points of view are changing to risk as opportunity. As evidenced by more people today investing in stocks and money markets than conventional savings accounts and less risky bonds, the higher the risk, the higher the returns. In today's market, money is everywhere but brains are in short supply. Job markets will eventually become human capital markets.Societies that support risk taking will create the greatest innovation and growth. The connected economy will favor freedom over constraints. Before people take these risks, some form of security, a "safety net," will need to be provided.Part ll: IndividualsIn the future, we will create wealth for ourselves by marketing what we know. We will create the labor market because we hold the desired resource. We must look at employment and monetary rewards as wealth rather than income. We must regard our human capital as carefully as we do our financial capital. We should take a job for what we will learn, not for what it will pay. Future wealth of individuals will be created in four waves with no clear-cut distinction between each. The ...
