The Nietzschean Ladder: by Atanu Dey. “Technology is repurposable. Faced with a problem, people usually figure out a solution eventually. In other words, they develop the technology (which is best understood as knowledge of how to get something done) that addresses the problem. Once developed, the technology finds application in entirely different areas and thus leads to improvements in the system that would not have happened had the original problem had not arisen. Civilization advances by climbing the Nietzschean ladder which goes thus: Civilization is at state C1; problem P arises; solution S found that addresses P; solution S applied to other domains which move civilization to state C2 which is superior to state C1; etc.” An example Atanu gives is of Covid-19 pandemic induced advances in mRNA technology.
Which Developing Economies Will Rise After the Pandemic? Ruchir Sharma: “It’s also worth noting that although the path to prosperity through manufacturing is narrowing, it hasn’t closed. In the past, manufacturing accounted for more than 15 percent of G.D.P. in export powerhouses. Today the economies in this class include Vietnam, Bangladesh, Poland and the Czech Republic. They are among the big winners as companies seeking lower wages and shorter supply lines move factories out of China.”
Raamdeo Agrawal: “There were only 100 companies that beat the Sensex’s return of 9.2% in the last 25 years. This shows how difficult it is to be successful on a long-term basis. But the good thing is that a lot of companies got listed along the way after 1995. These new companies now make up as much as 50% of the current total market capitalization. This proves that you will keep getting new opportunities.” More.