Pinboard (jerryking)
https://pinboard.in/u:jerryking/public/
recent bookmarks from jerrykingThe scramble for semiconductors is our era’s industrial Great Game | Financial Times2022-03-11T21:28:26+00:00
https://www.ft.com/content/c77d15e3-af1f-48fb-b349-202e095a7d40?accessToken=zwAAAYDSsvUXkdPHfRXjrx9I-9OzSSAuCVp9QAE.MEUCIQC_q7J_xVYsFEJgTnWSGqC8IiBJZfoX2XCZ0yJaSb3XtwIgOEJe33MsPJNdhXNFF3M1Z_Q8CZpwSWxIV7GVjwjhxpQ&segmentId=afcd6ae7-a737-8ca0-b99e-fecd9c7e5ac5
jerryking>strategic assets<<. But the modern game is mostly about boosting intellectual capital, strengthening industrial capacity and pioneering the latest technology [i.e. = "critical technologies"] .........Gina Raimondo, the US commerce secretary, this week urged Congress to pass the Chips Act, which would unlock $52bn in subsidies to domestic chip manufacturing. In the EU, Ursula von der Leyen, the commission president, has also been pushing a similar Chips Act, aiming to double the bloc’s production of semiconductors to 20 per cent of the global total by the end of the decade. The British government is also scrutinizing the sale of the chip designer Arm Holdings to the US giant Nvidia on national security grounds.
China, which spent more money importing semiconductors than oil in 2020, is being squeezed hard by US export constraints on advanced chips and has declared it a “whole-of-society” priority [i.e. "national initiatives"/"national strategies"] to achieve technological self-sufficiency. Lavish national and local funds have enabled China to vie with Taiwan and South Korea as the biggest buyers of semiconductor manufacturing equipment.
As intended, US export restrictions [i.e. = "economic warfare"/"export controls"] are hurting China and have significantly weakened the industrial giant Huawei. But, as Dan Wang, a Shanghai-based tech analyst at Gavekal Research, argues, they have also served to realign Chinese tech company’s commercial interests with Beijing’s national security imperatives and “make semiconductors sexy again”. With a vast domestic market, daring entrepreneurs, a vibrant venture capital industry, a host of US-trained technologists and a flood of funding, China is switching its focus, brains and capital from the consumer internet to more strategic technologies. “The US government has turbocharged China’s most dynamic firms to pursue economic self-sufficiency and technological greatness,” says Wang.
Still, Beijing’s growing authoritarianism and a broadening crackdown on parts of the technology industry may sap China’s entrepreneurial vigour. In her book US-China Tech War, the writer Nina Xiang describes how earlier state-directed [i.e. = "state-as-facilitator"], technological campaigns have not always ended well. It remains a formidable challenge for China to design and manufacture 3-nanometer chips like those the world’s most advanced plants are planning. One of the most complex industrial processes ever invented, it requires the interplay of decades of technological experience and expertise. But, Xiang tells me, China does not necessarily need to reach the cutting edge of semiconductor technology to derive most of its benefits.
Strategic advantage can derive from deploying existing technologies effectively, not just developing the latest inventions. Basic **state capacity** will determine the outcome of the industrial Great Game as much as technological capability. And on that front, the US has reason to worry: it cannot even roll out 5G telecoms networks without messing up air travel. In the end, fixing core infrastructure at home may count for more than pursuing strategic technological advantage abroad.
]]>ARM Beijing books CAPEX China China_rising digital_economy economic_sovereignty economic_warfare export_controls geopolitics homegrown Huawei indigenous industrial_policies Intel manufacturers national_initiatives national_strategies new_tech_Cold_War SamSung self-sufficiency semiconductors subsidies Taiwan the_great_game TSMC U.S. U.S.-China_relations whole-of-society authoritarianism domestic_supply state_capacity Central_Asia state-as-facilitator critical_technologies strategic_assetshttps://pinboard.in/https://pinboard.in/u:jerryking/b:09308c453404/Amazon aggregators are walking into the dragon’s cave |2021-09-10T04:33:43+00:00
https://www.ft.com/content/abbf6bc2-93f1-4cbc-b596-9a7e6f814cfb
jerryking>margin<< is my opportunity.”/"staying hungry"]
Amazon has many ways of **squeezing margins out of merchants** [i.e. = "supply chain squeeze"]. The ecommerce company entices as many sellers as possible on to its platform to sharpen price competition. It can modify its listing fees [i.e. = "fees & commissions"] or tweak its recommendation >>algorithms<< in unknowable ways to promote or demote sellers. It can spot emerging trends in its sales data and launch rival own-brand products.[i.e. ="private labels"]......in spite of these well-advertised dangers, billions of dollars have been pouring into specialist investment funds [i.e. = "buyouts"/"private equity"] to snap up some of the platform’s most popular small merchants....74 such roll-up funds have raised almost $9bn since April 2020, including Thrasio, Berlin Brands Group and Perch......Why are investors keen to swallow such glaring risks?........The sketchy answer tells us much about the rapidly evolving dynamics of online marketplaces as well as the desperation of footloose investors to dance in the digital economy. Some adaptable merchants have thrived in Amazon’s marketplace thanks to its immense reach and logistics infrastructure........If Amazon is in the business of profitably intermediating data flows [i.e. = "information flows"] then others can acquire useful data intelligence [i.e. = "market intelligence"] from its site, too. Savvy aggregator funds can snap up the best-selling small merchants and deepen their insights into Amazon’s algorithms [i.e. = "reverse_engineer"] . The Boston-based Thrasio, which has raised $1.8bn of funding, now owns 150 brands and a portfolio of 22,000 products. Its ambition is to become a consumer goods [i.e. = "CPG"] heavyweight, a new Procter & Gamble designed for the digital age........Thrasio’s director of acquisitions, is familiar with the risks of operating on Amazon’s platform: “You are building your house on someone else’s real estate. But you cannot ignore the fact that most business has moved on to their real estate.” That said, Thrasio argues it can still make money by boosting the sales and fattening the margins of the merchants it acquires by injecting capital, platform knowhow, marketing muscle and supply chain expertise.....By helping to “industrialize” Amazon’s fragmented merchant base and providing high-quality and reliable listings and services, Thrasio says it is delivering what Amazon wants, making it a valuable partner. Thrasio rejects the idea that any aggregators are yet big enough to change the power dynamics on Amazon’s marketplace. “We are little blemishes on the sun.”
As well as bulking up, merchants can devise other ways to reduce their vulnerability. One way, outlined in the HBR article, is for merchants to use Amazon as a shop window while building their own direct-to-consumer business through services, such as Shopify, which provides digital tools and infrastructure to more than 1m businesses. As Tobi Lütke, Shopify’s chief executive says: “Amazon is trying to build an empire. Shopify is trying to arm the rebels.” A more political route is to lobby increasingly activist regulators to help keep Amazon honest.[i.e. = "contra-Amazon"]
Many Amazon merchants might still conclude it is a great time to sell out to exuberant, cash-rich aggregator funds. For investors in some of those funds, however, the story could have a less happy ending. The smartest may make a good return by de-risking muscled-up merchants. But in so doing they will only further strengthen Amazon’s >> market dominance <<.
]]>aggregation Amazon COVID-19 e-commerce fees_&_commissions Jeff_Bezos platforms retailers roll_ups third-party Thrasio algorithms books brands buyouts CPG digital_economy information_flows investors power_dynamics private_equity private_labels recommendation_engines contra-Amazon direct-to-consumer domination lobbying lobbyists regulators Shopify vulnerabilities Tobias_Lütke fragmented_markets market_dominance staying_hungry margins market_intelligence reverse_engineering supply_chain_squeezehttps://pinboard.in/https://pinboard.in/u:jerryking/b:3289ff2c6a4e/The new world of venture capital2021-07-09T08:31:53+00:00
https://www.ft.com/content/c743b54c-3d1a-4bd8-862e-bbb9c28c1541
jerrykingdigital_economy financiers vc venture_capitalhttps://pinboard.in/https://pinboard.in/u:jerryking/b:777408ef08ce/The new rules of the “creator economy”2021-05-12T15:57:31+00:00
https://www.economist.com/briefing/2021/05/08/the-new-rules-of-the-creator-economy
jerrykingadvertising algorithms arms_race artists bargaining Cameo Clubhouse commoditization content_creators digital_economy digital_influencers Facebook incumbents locked_in middlemen monetization new_rules NFTs OnlyFans Patreon personal_branding platforms Roblox social_media subscriptions Substack superfans Stratechery The_Long_Tail TikTok tools Twitch unpaid upstarts user_generated value_extraction YouTube creative_economy creator_economyhttps://pinboard.in/https://pinboard.in/u:jerryking/b:00f164a8aede/Universities in the UK and Europe have a start-up problem2021-05-11T17:25:08+00:00
https://www.ft.com/content/fd038300-f09a-4afc-9f7d-c0e3d6965243
jerryking>coefficient<< on spinouts that would otherwise reinvest gains to accelerate their growth. University licensers, established in bygone eras, aren’t set up to be long-term partners to spinouts......a radical overhaul of the spinout system is needed.....Of 116 venture capital-backed European unicorns, only four according to my research are university spinouts....the EU’s quest for “digital sovereignty” is unmet...... A more permissive spinout ecosystem would attract the best entrepreneurial academics, who in turn would attract the brightest students. A recursive cycle of talent, research, teaching, grants, successful spinouts and alumni donations is the path to achieve tech sovereignty.[i.e. = "recursiveness"/"virtuous cycles"]
A threefold solution:
(1) Simplify and standardize agreements to spinout. Tech transfer offices must choose between either: (a) 1-5 %; (b) 1 % royalty on net sales; or (c), 1% of the exit value upon M&A or IPO.
(2) Second, universities must task their TTOs with maximizing the number of spinouts created under the agreement with a commitment to complete the process within three months.
(3) Third, governments must nudge universities into creating cohesive and supportive alumni ecosystems — a US-style alma mater — that feed future investment in the institutions through mentorship and donations. In the longer term, we should create sovereign wealth funds to help strengthen underfunded academic institutions and reduce their dependence on monetizing spinouts.
If we do not act with urgency, we will further entrench our ecosystem in an unproductive downward spiral of short-termism. Acting expeditiously will give post-Brexit Britain and Europe the best chance of attaining technological sovereignty and building a globally-competitive digital economy.
]]>academic_entrepreneurship alumni artificial_intelligence carveouts digital_economy digital_sovereignty Europe intellectual_property long-term_greedy MIT property_rights short-term_thinking Silicon_Valley spin-offs Stanford technology_transfers unicorns United_Kingdom post-Brexit quantum_computing virtuous_cycles recursiveness biotech coefficientshttps://pinboard.in/https://pinboard.in/u:jerryking/b:1f6948f257c8/Technology wars are becoming the new trade wars | Financial Times2021-04-22T14:56:13+00:00
https://www.ft.com/content/6fcd69ab-4dcd-4ffa-ae0f-b9aadfc79e52
jerryking5G Big_Tech China cyber_security extraterritoriality FAANG geopolitics intellectual_property interconnections international_trade sovereignty trade_wars protectionism rare_earth_metals security_&_intelligence splinternet cyberrisks decoupling digital_economy economic_sovereignty economists global_champions new_tech_Cold_War privacy semiconductors tariffshttps://pinboard.in/https://pinboard.in/u:jerryking/b:ace15c80fc90/The Sensor-Based Economy | WIRED2021-03-24T10:24:27+00:00
https://www.wired.com/brandlab/2017/01/sensor-based-economy/
jerrykingdigital_economy IoT patterns sensors LiDARhttps://pinboard.in/https://pinboard.in/u:jerryking/b:ac1f90bb6ce7/Infonomics: the new economics of information | Financial Times2021-03-12T03:49:52+00:00
https://www.ft.com/content/205ddf5c-1bf0-11e3-b678-00144feab7de
jerrykingdata digital_economy Information_Ruleshttps://pinboard.in/https://pinboard.in/u:jerryking/b:51b526f48038/Reimagining business: an interview with Microsoft chief Satya Nadella2021-03-11T21:35:21+00:00
https://www.ft.com/content/d5a9f4da-e11f-49b9-a01d-9f9af4cc338c
jerrykingcloud_computing Covid-19 digital_economy Microsoft Satya_Nadella edgehttps://pinboard.in/https://pinboard.in/u:jerryking/b:c6fdef77b68a/Opinion | Amazon and the Breaking of Baltimore - The New York Times2021-03-10T04:30:42+00:00
https://www.nytimes.com/2021/03/09/opinion/amazon-baltimore-dc.html?action=click&module=Opinion&pgtype=Homepage
jerrykingAmazon antitrust Baltimore books blue-collar cities coastal deindustrialization depopulation digital_economy FedEx Fortune_500 geographic_concentration geographic_inequality geographic_sorting gentrification head_offices Home_Depot Jeff_Bezos post-industrial property_development recycling regional_inequality steel_mills subsidies superstars Under_Armour WaPo warehouses Washington_D.C. white_flight industrial_midwest regional Rust_Belt winner-take-all logistics Matthew_effect unions tax_subsidies brickshttps://pinboard.in/https://pinboard.in/u:jerryking/b:d767f95288b7/How to Sell Digital Products Successfully — Part 22021-02-16T15:42:15+00:00
https://www.smashingmagazine.com/2014/07/how-to-profit-from-selling-digital-products-part-2/
jerrykingdata_products digital_artifacts digital_economy howto digital_productshttps://pinboard.in/https://pinboard.in/u:jerryking/b:6af42d69d0c2/Opinion: Canada must reorient its immigration system for the 21st-century economy - The Globe and Mail2021-01-13T21:54:00+00:00
https://www.theglobeandmail.com/business/commentary/article-canada-must-reorient-its-immigration-system-for-the-21st-century/
jerryking21st._century Canada digital_economy immigrationhttps://pinboard.in/https://pinboard.in/u:jerryking/b:c97ea29886b0/Opinion | The Rotting of the Republican Mind2020-11-27T04:37:16+00:00
https://www.nytimes.com/2020/11/26/opinion/republican-disinformation.html?action=click&module=Opinion&pgtype=Homepage
jerryking>alienation<< and anomie. This precarity has created, in nation after nation, intense populist backlashes against the highly educated folks who have migrated to the cities and accrued significant economic, cultural and political power......... It is a bitter cultural and political cold war....In the fervor of this enmity, millions of people have come to detest those who populate the epistemic regime, who are so distant, who appear to have it so easy, who have such different values, who can be so condescending. Millions not only distrust everything the “fake news” people say, but also the so-called rules they use to say them....................People in this precarious state are going to demand stories that will both explain their distrust back to them and also enclose them within a safe community of believers. The evangelists of distrust, from Donald Trump to Alex Jones to the followers of QAnon, rose up to give them those stories and provide that community. Paradoxically, >>conspiracy theories<< have become the most effective community bonding mechanisms of the 21st century.......For those awash in anxiety and alienation, who feel that everything is spinning out of control, conspiracy theories are extremely effective emotional tools. For those in low status groups, they provide a sense of superiority: I possess important information most people do not have. For those who feel powerless, they provide agency: I have the power to reject “experts” and expose hidden cabals. As Cass Sunstein...they provide liberation: If I imagine my foes are completely malevolent, then I can use any tactic I want.........Under Trump, the Republican identity is defined not by a set of policy beliefs but by a paranoid mind-set. He and his media allies (e.g. Fox News) simply ignore the rules of the epistemic regime and have set up a rival trolling regime. The internet is an ideal medium for untested information to get around traditional gatekeepers, but it is an accelerant of the paranoia, not its source. Distrust and precarity, caused by economic, cultural and spiritual threat, are the source...........What to do? You can’t argue people out of paranoia. If you try to point out factual errors, you only entrench false belief. The only solution is to reduce the distrust and anxiety that is the seedbed of this thinking. That can only be done first by contact, reducing the social chasm between the members of the epistemic regime and those who feel so alienated from it. And second, it can be done by policy, by making life more secure for those without a college degree.
Rebuilding trust is, obviously, the work of a generation.
]]>Alex_Jones alienation alt-truth anti-intellectualism anxiety argumentation backlash blue-collar Cass_Sunstein college-educated condescension conspiracies cynicism David_Brooks delusions digital_economy distrust Donald_Trump downward_spirals ecosystems epistemology false_beliefs gatekeepers geographic_concentration GOP high-school_graduated Joe_Biden knowledge_workers mindsets paranoia populism QAnon right-wing self-identification self-worth trust-building alternative_facts expertise knowledge conspiracy_theorieshttps://pinboard.in/https://pinboard.in/u:jerryking/b:c722a6a949e6/A precious chance to personalise education for a digital age2020-11-13T04:01:55+00:00
https://www.ft.com/content/244265ad-6f9c-49d5-a187-855384e1b483
jerrykingdigital_economy education mathematics personalizationhttps://pinboard.in/https://pinboard.in/u:jerryking/b:f5010baad32c/Ant’s rocky road holds lessons for business in a digital age2020-11-04T21:13:18+00:00
https://www.ft.com/content/45e82516-872b-4ee2-b4ca-db0dcaacb7b3#comments-anchor
jerryking>customer need<< and moved fast to build a massive new financial business. Ant spun out of Alibaba in 2011 and Alipay now has 711m active users.
Almost accidentally, by holding its users’ money in escrow until its online merchants had delivered their orders, Alibaba created Yu’e Bao, now one of the world’s biggest money market funds with $173bn of assets. Ant expanded that business and moved into lending, investment and insurance, too. Most western companies consider themselves either business-to-business or business-to-consumer companies. But as Ming Zeng, Alibaba’s chief strategy officer, explains in his book Smart Business, the Chinese internet giant operates as a consumer-to-business company. Network connections and intelligence make it easier to anticipate and respond rapidly to >>consumer demand<<.
(2) it is often easier to build something new than repurpose something old. …….Part of the reason that China leads the world in digital payments is because it lacked many legacy institutions……..Rather than replicating what traditional banks had built, Ant anticipated what customers would want and has built its business off a super app. …..Ironically, that may be one of the very reasons why Ant has now incurred the wrath of regulators. It may now have to act more like a bank, keeping more loans on its balance sheet.
Ant’s IPO prospectus contains 60 pages of risk factors covering the Covid-19 pandemic, the global economic slowdown, US-China tensions, cyber crime and regulatory risks. But, tellingly, the first it highlights are whether Ant can continue to maintain the trust of consumers and innovate successfully. Regulatory limits on its ability to innovate could seriously harm the business.
(3) All tech companies need a political as well as a social licence to operate and it is folly to forget it no matter how powerful they become. Regulators in the US and Europe are now sprinting to catch up with runaway tech giants. China’s rulers have always kept their internet platform companies under far tighter control and have now given Ant a further tug on the leash. In creating such a successful company, Ant may have been built back to front and upside down. Yet, in spite of its impressive flexibility, it can never wriggle out of China’s political straitjacket. Ant has now promised to “embrace regulation”.
]]>Alibaba Alipay Ant_Group China Chinese_Communist_Party books data_driven digital_economy digital_payments e-commerce IPOs Jack_Ma Jeff_Bezos lessons_learned platforms prospectuses regulators risk_factors speed spin-offs mobile_payments COVID-19 fin-tech consumer_needs customers’_needs customer_centricity work-back_schedules consumer_demandhttps://pinboard.in/https://pinboard.in/u:jerryking/b:b6455228621d/To Fight Apple and Google, Smaller App Rivals Organize a Coalition2020-09-25T15:10:38+00:00
https://www.nytimes.com/2020/09/24/technology/apple-google-coalition-epic-match-spotify.html
jerrykingalliances antitrust Apple App_Store Big_Tech backlash coalitions complaints Department_of_Justice digital_economy duopolies Epic_Games fear fees_&_commissions Google Google_Play lawsuits litigation market_power mobile_applications monopoly_power nonprofit platforms protest_movements retaliation smartphones software_developers Spotify strangleholds collective_actionhttps://pinboard.in/https://pinboard.in/u:jerryking/b:4621cf6acb7b/The danger of Alphabet’s move into the risk business2020-09-02T19:20:17+00:00
https://www.ft.com/content/cfe91d3e-624e-4f66-a9de-cc9bbdb016f5
jerryking>conspiracy theories<< about the omnipotence of Silicon Valley…….Instead of founding institutions that could help the most vulnerable people to better shoulder the risks of digitization, political parties still hand over the responsibility for taming the tech giants to the technocratic regulators with their existing frameworks, such as antitrust and data protection. This strategy, after a decade of fits and starts, has failed to bear fruit. It is only by embracing a political — not technocratic — solution to the problem of unbalanced power that we can hope to address the inequities inherent in today’s digital economy.
]]>Alphabet Apple asymmetrical Big_Tech contact_tracing Covid-19 digitalization digital_economy employees employers Evgeny_Morozov FAANG Google healthcare inequities institutions insurance joined-up life_sciences personal_data political_parties political_power power_relations regulations regulators Silicon_Valley surveillance_profiteers Swiss_Re health_risks uninsured health_insurance data_protection power_imbalances conspiracy_theorieshttps://pinboard.in/https://pinboard.in/u:jerryking/b:b10a92d26d01/Tech startups are the foundation of Canada’s economic revival and will need stimulus to survive - MaRS Discovery District2020-05-07T15:53:57+00:00
https://www.marsdd.com/magazine/tech-startups-are-the-foundation-of-canadas-economic-revival-and-will-need-stimulus-to-survive/
jerryking21st._century angels Barrie_McKenna Canada Canadian COVID-19 digital_economy ecosystems economic_stimulus GoC IRAP leaders policy policymakers policymaking post-coronavirus_era start_ups supply_chains vc venture_capital domestic_supplyhttps://pinboard.in/https://pinboard.in/u:jerryking/b:41f03b18f93f/Take this warning: the postpandemic economic order will be driven by geopolitics2020-05-06T01:30:57+00:00
https://www.theglobeandmail.com/politics/article-take-this-warning-the-post-pandemic-economic-order-will-be-be-driven/
jerryking>industrial policy<< – a >>national strategy<< to succeed........The liberal order is gone – well, being radically changed – due to superpower rivalry between the United States and China. They refer to the end of the Washington Consensus, the rules-based economic system built since the Second World War. The old order has changed, the authors warn, and it is not coming back........China gives or takes access to its market as a political favour. The United States threatens tariffs for leverage. Canada takes its complaints to a World Trade Organization gummed up by the United States. And the bipartisan U.S. political consensus for confronting China goes beyond President Donald Trump....Economic nationalism had already surged on the right, and not just in the United States. ...Shortages of N95 face masks have people like Ontario Premier Doug Ford arguing Canada should create supply chains to make this necessary stuff – and more stuff generally – at home......technology is spurring geo-economics. ....there is a growing “intangibles economy” – intellectual property, software, data and brands.....there are increasingly, dispute in that intangibles economy.......rival superpowers, increasingly see their tech economies as security architecture....with the world developing a “splinternet,” and with overlapping security and protectionist interests. Does the United States want Huawei excluded from 5G networks for security or >>economic reasons< The answer is yes.....For Canada, bound to the U.S. by security and trade interests, excluding Huawei from 5G is starting to look like a no-brainer. Yet China will still retaliate. The United States will still put its own geo-economic interests first......figure out a Canadian path. The authors argue for a “challenge-driven” industrial policy to spur development in key areas [i.e. = "critical technologies"], not subsidize companies......There’s a new world now!!
]]>5G 21st._century Canada Canadian COVID-19 digital_economy Donald_Trump Doug_Ford economic_nationalism geopolitics globalization Huawei industrial_policies inflection_points intangibles international_system middle-powers new_tech_Cold_War post-coronavirus_era retaliation rivalries rules-based security_&_intelligence self-sufficiency superpowers supply_chains U.S.-China_relations unilateralism WTO domestic_supply economic_policy splinternet critical_technologies national_strategies economic_reasonshttps://pinboard.in/https://pinboard.in/u:jerryking/b:941b15a17f8a/ThePLUG | Smart reporting on the Black innovation economy2019-12-09T22:48:04+00:00
https://tpinsights.com/
jerrykingAfrican-Americans digital_economy innovation magazineshttps://pinboard.in/https://pinboard.in/u:jerryking/b:80a477f2e076/Consciously decoupling the US economy2019-12-02T18:33:23+00:00
https://www.ft.com/content/f23d8854-11fa-11ea-a225-db2f231cfeae
jerryking5G adversaries CFR China China_rising decoupling digital_economy industrial_policies multinationals new_tech_Cold_War One_Belt_One_Road public_sector Rana_Foroohar security_&_intelligence state_capitalism tariffs U.S.-China_relations winner-take-all deglobalization military-industrial_complex supply_chains technology technical_standards laissez-faire critical_technologieshttps://pinboard.in/https://pinboard.in/u:jerryking/b:a54522880b83/Looking Ahead After a Quarter Century Into the Digital Age - CIO Journal2019-08-20T23:18:03+00:00
https://blogs.wsj.com/cio/2019/08/16/looking-ahead-after-a-quarter-century-into-the-digital-age/?guid=BL-CIOB-14836&mod=hp_minor_pos5&dsk=y
jerrykingdigital_economy insights Irving_Wladawsky-Berger McKinsey artificial_intelligence industry_boundaries M&A millennials platforms self-cannibalization digitalization digital_nativeshttps://pinboard.in/https://pinboard.in/u:jerryking/b:2b324e9f66a4/Opinion: Why economics must go digital2019-06-21T14:49:08+00:00
https://www.theglobeandmail.com/business/commentary/article-why-economics-must-go-digital/
jerryking>free market<<” paradigm. As any applied economist knows, this paradigm is named for a mythical entity. But this knowledge somehow does not give rise to an alternative presumption, say, that governments should supply certain products.......Having led a review of the spread of anti-microbial resistance – which will kill millions of people if new drugs are not discovered – O’Neill is dismayed by the lack of progress made by private pharmaceutical companies.
>>Drug discovery<< is an information industry, and information is a non-rival public good which the private sector, not surprisingly, is under-supplying. That conclusion is not remotely outlandish in terms of economic analysis. And yet, the idea of nationalizing part of the >>pharmaceutical industry<< is outlandish from the perspective of the prevailing economic-policy paradigm......Or consider the issue of data, which has lately greatly exercised policymakers. Should >>data collection<< by digital firms be further regulated? Should individuals be paid for providing >>personal data< And if a >>sensor<< in a >>smart-city<< environment records that I walk past it, is that my data, too? The standard economic framework of individual choices made independently of one another, with no externalities, and monetary exchange for the transfer of private property]]>Big_Tech digital_economy economics market_power network_effects platforms drug_development increasing_returns_to_scale personal_data pharmaceutical_industry public_goods data data_collection economists real-time sensors drug_discovery free_markets smart_citieshttps://pinboard.in/https://pinboard.in/u:jerryking/b:5762211c1566/Challenges Facing the Digital Economy’s Third Wave - CIO Journal. - WSJ2019-05-07T17:45:25+00:00
https://blogs.wsj.com/cio/2019/05/03/challenges-facing-the-digital-economys-third-wave/?guid=BL-CIOB-14806&mod=hp_minor_pos4&dsk=y
jerrykingchallenges digital_economy Irving_Wladawsky-Bergerhttps://pinboard.in/https://pinboard.in/u:jerryking/b:7419dc710869/Da Vinci code: what the tech age can learn from Leonardo2019-04-28T02:50:17+00:00
https://www.ft.com/content/0d864b94-668b-11e9-a79d-04f350474d62
jerryking>Johann Gutenberg<< had used moveable type to publish his Bible in the early 1450s, and between the time of Leonardo’s birth in 1452 and his 20th birthday, some 15m books were printed, more than all the European scribes had produced over the previous 1,500 years.
..as Leonardo knew, and the Silicon Valley techno-evangelists too often neglect, information revolutions don’t only allow good ideas to flourish. They also provide a platform for >>dangerous ideas<<. The Zuckerberg information revolution can pose a similar threat to that of >>Gutenberg<<.
In the battle of ideas, populists are able to mobilise the disaffected more effectively than cerebral scientists, decently disciplined innovators and the moderate and often silent majority. For progress to prevail, evidence-based, innovative and reasoned thinking must triumph.
.....Genius thrived in the Renaissance because of the supportive ecosystem that aided the creation and dissemination of knowledge — which then was crushed by the fearful inquisitions. Today, tolerance and evidence-based argument are again under threat.
]]>accelerated_lifecycles architecture broad-based_scientific_enquiry capitalization cross-disciplinary cross-pollination curiosity digital_economy diversity engineering Florence genius globalization human_potential ideas immigrants Italy industry_expertise Johan_Gutenberg lessons_learned Leonardo_da_Vinci Medicis physical_place polymaths observations Renaissance Renaissance_Man Silicon_Valley silo_mentality tolerance unevenly_distributed visionaries dangerous_ideas medieval evidence-based dark_side techno-evangelismhttps://pinboard.in/https://pinboard.in/u:jerryking/b:f71251e0b9dc/Why Companies Are Failing at Reskilling2019-04-21T03:37:36+00:00
https://www.wsj.com/articles/the-answer-to-your-companys-hiring-problem-might-be-right-under-your-nose-11555689542?mod=hp_lead_pos5
jerryking>reskilling<< workers, said Erik Brynjolfsson, director of the Initiative on the Digital Economy at MIT.
“It’s one thing to invest in machine learning; it’s another to reinvent an organization or a business model,” he said. “Human capital is quantitatively a much bigger share of the capital in the economy than physical assets like plants, technology and equipment, and we understand it less well.”
Cumulatively, firms spend billions of dollars every year on technology devoted to digital transformation, but executives admit to confusion and uncertainty about the impact.....Other countries are being more proactive: Singapore and France recently started giving workers an annual allowance for approved career training. Through a program called Second Career in Ontario, Canada, >>low-skilled<< workers displaced from their jobs receive grants of up to 28,000 Canadian dollars to cover training in growing occupations, along with costs such as >>child care<< and transportation.
“Many countries we compete with see continual worker retraining as part of their economic strategy. The way we’ve traditionally treated education in this country is the government is responsible for your education until age 18, and after that it’s more of a private matter,”......How to break through the challenges, inefficiencies and resistance?.....employers and educators can do a better job of helping people find logical, reasonable career paths. Labor experts call this “skill adjacencies,” essentially diagnosing a person’s present skills and identifying promising careers that offer higher wages or growth in demand while requiring minimal investments of time and money in >>retraining<<.
“We need a Waze for your career,” ... the navigation app that offers >>real-time<< maps and driving directions. “You could look at jobs that are adjacent to your skillset or role, and with fairly light training, you can make a ["L-shaped"] jump into a better job.”
The secret to successful >>reskilling<<, he says: keeping training short enough and achievable enough that workers can learn real skills and both they and employers get a return on investment.
Training Daze
Companies face a number of hurdles to successfully training workers for the skills needed in the evolving digital economy. Among the challenges:
* Data: Companies typically don’t have a clear view of their own employees’ talents. Few firms have repositories of data [i.e. = "datasets"] on a person’s skills, internal reputation, learning capacity, ambitions and interests. [i.e. = >>"dark data"<<
* Speed: Converting a mechanical engineer into an electrical engineer, or a business analyst into a data scientist doesn’t necessarily happen in one quarter— or even a fiscal year—the cadences that shareholders understand. “>>Upskilling<< takes time. A hiring manager can usually find someone quicker outside the company,” even if it’s a more expensive contract worker.
* Worker engagement: If companies involved workers in decisions on new technology to implement, they would find that some already have the knowledge and others can be trained. “If we change that process, then we would see the potential of the workforce. We would see where the training needs are,”.
* Money: Employers have long shown a reluctance to invest the dollars needed to successfully retrain large swaths of staff, even when the economy is strong. In 2017, organizations spent around $1,300 per employee on training, up 8% from 2013, according to the Association for **Talent Development**. And as the economy declines, training budgets are typically slashed. One paper found a 28% decline in employer-funded training between 2001 and 2009.
* >>Unrealistic expectations<<: Society needs to recalibrate expectations for worker retraining. Laid-off coal miners probably won’t become data scientists, and few AT&T lineworkers will morph into software developers as the company transitions from a telephone company to a wireless and services business.
]]>failure labour_markets retraining future-proofing career_paths digital_economy Erik_Brynjolfsson layoffs training reskilling skills adjacencies recalibrations unrealistic_expectations child_care up-skill L-shaped low-skilled dark_data datasets real-time talent_developmenthttps://pinboard.in/https://pinboard.in/u:jerryking/b:9dcd94a8a5ff/Lina Khan: ‘This isn’t just about antitrust. It’s about values’2019-03-29T13:40:31+00:00
https://www.ft.com/content/7945c568-4fe7-11e9-9c76-bf4a0ce37d49
jerryking21st._century Amazon antitrust Big_Tech digital_economy FTC lawyers Lina_Khan monopolies paradoxes platforms policymakers Rana_Foroohar regulators Robert_Bork Tim_Wu Yale value_judgements financial_crises predatory_practices wunderkind values multifaceted market_power monopoly_power power_imbalances precociousnesshttps://pinboard.in/https://pinboard.in/u:jerryking/b:8355f79a8d80/Canada has a skills shortage – but which skills, and where? Lack of data leaves the experts unsure - The Globe and Mail2019-03-11T17:37:38+00:00
https://www.theglobeandmail.com/business/article-canada-has-a-skills-shortage-but-which-skills-and-where-lack-of/
jerryking21st._century Canada dark_data data digital_economy Don_Drummond economics GoC granularity labour_markets labour_shortages skills Statistics_Canada skills_shortagehttps://pinboard.in/https://pinboard.in/u:jerryking/b:6bb3aae9990b/Cake shop management cannot suffice for a modern economy.2019-03-02T20:04:57+00:00
https://www.kaieteurnewsonline.com/2019/02/28/cake-shop-management-cannot-suffice-for-a-modern-economy/
jerrykingbureaucracies complexity decision_making devolution Guyana inefficiencies modernization policymaking public_sector public_servants technology traffic_congestion forward-thinking multitasking decentralization digital_economy governance knowledge_economy centralized_control implementation mom-and-pop unimaginative unsophisticated over-centralization unproductive firefighting_mode small-mindedness patchwork decision_velocityhttps://pinboard.in/https://pinboard.in/u:jerryking/b:869a04831b6e/Opinion | Abolish Billionaires - The New York Times2019-02-07T21:26:13+00:00
https://www.nytimes.com/2019/02/06/opinion/abolish-billionaires-tax.html?action=click&module=Opinion&pgtype=Homepage
jerrykingartificial_intelligence digital_economy Farhad_Manjoo income_inequality moguls network_effects rhetoric software superstars winner-take-all Alexandria_Ocasio-Cortez Anand_Giridharadas income_distribution capital_accumulation radical_ideashttps://pinboard.in/https://pinboard.in/u:jerryking/b:899dcfab8e73/Jim Balsillie: Dragging Canada into the 21st Century | TVO.org2019-02-06T17:47:13+00:00
https://www.tvo.org/video/programs/the-agenda-with-steve-paikin/jim-balsillie-dragging-canada-into-the-21st-century
jerrykingJim_Balsillie Canada Steve_Paikin policymakers digital_economy innovation knowledge_economy ideas intangibles intellectual_property competitiveness protocols Sun_Tzu under-performing 21st._century under_appreciated priorities returns_to_intellectual_property economic_imperativeshttps://pinboard.in/https://pinboard.in/u:jerryking/b:491547259abe/Review: ‘Digital Renaissance’ Argues Consumers of Media Never Had It So Good. Is That the Case? - The New York Times2018-11-24T22:00:32+00:00
https://www.nytimes.com/2018/11/16/business/dealbook/review-digital-renaissance.html
jerrykingbook_reviews books creative_economy digital_economy digitalization hits Jonathan_Knee political_polarization expertisehttps://pinboard.in/https://pinboard.in/u:jerryking/b:61a1aab370fa/Canada doomed to be branch plant for global tech giants unless Ottawa updates thinking, Balsillie warns2018-11-19T20:21:43+00:00
https://business.financialpost.com/technology/canada-falling-behind-in-the-knowledge-economy-due-to-outdated-thinking-balsillie#comments-area
jerrykingbranch_plants Canada digital_economy industrial_economy intangibles intellectual_property policymakers Jim_Balsillie property_rights protocols GoC FDI IP_retention talent wealth_effects agriculture data energy food mining technology Finland Israel Singapore Big_Tech software returns_to_intellectual_propertyhttps://pinboard.in/https://pinboard.in/u:jerryking/b:f98a576a5042/How does Canada win the knowledge economy war? - The Globe and Mail2018-10-19T14:22:45+00:00
https://www.theglobeandmail.com/opinion/article-how-does-canada-win-the-knowledge-economy-war/
jerrykingartificial_intelligence Canada digital_economy Ed_Clark talent Toronto knowledge_economyhttps://pinboard.in/https://pinboard.in/u:jerryking/b:20e6bf1ff1c9/The digital economy is disrupting our old models2018-04-26T03:05:38+00:00
https://www.ft.com/content/3c94c25a-47a4-11e8-8c77-ff51caedcde6
jerrykingmydata personal_data digital_economy Facebook externalities public_goods algorithms data ideas intangibles property_rights protocols knowledge_economy common_goods individual_actionshttps://pinboard.in/https://pinboard.in/u:jerryking/b:7a5aad16a473/Toys ‘R’ Us Case Is Test of Private Equity in Age of Amazon2018-03-16T16:13:09+00:00
https://www.nytimes.com/2018/03/15/business/toys-r-us-bankruptcy.html
jerryking>Toys “R” Us<<, which announced on Thursday that it would shutter [i.e. = "store closings"] or sell all of its stores in the United States, never had much chance at a turnaround.
For over a decade, Toys “R” Us had been drowning in $5 billion of debt, which its private equity backers had saddled it with. With debt payments siphoning off cash every year, Toys “R” Us could not properly invest in its worn-out suburban stores or outdated website. Sales plummeted, as Amazon captured more children’s desires — and their parents’ wallets — for Star Wars Legos and Paw Patrol recycling trucks.
Toys “R” Us is the latest failure of >>financial engineering<<, albeit one that could portend a potentially more ominous outlook for >>private equity<< in the digital era.....Most >>buyouts<< tend to work the same way. A private equity firm takes over a troubled company with the goal of sprucing up the strategy, cutting costs and overhauling the business over three or five years. But they often load up a company with debt to pay for the deal, which can prove problematic if the profits do not perk up.
In the age of Amazon, that formula can be dangerous. >>Consumer demands<< are changing so quickly [i.e. = "shifting tastes"] that heavily indebted companies have trouble reordering their business to adapt and compete with better-funded rivals...... the deterioration of Toys “R” Us from a potential turnaround strategy to the end of an iconic brand — in a matter of months — shows just how difficult it can be for private equity to compete in a rapidly evolving industry. In retailing, Amazon is reordering everything on the store shelf. And children’s changing interest in games and toys, which now encompasses high-end electronics, adds to the complexity.....Enter Amazon. In recent years, the company had started to aggressively expand its toy business, creating a comprehensive, online showroom with low prices at the click of a button. Pressed by Amazon, Walmart also pushed hard into toys, dropping its prices to capture more market share.
Walmart could absorb the price cuts on toys because it makes up the profit on other items. But for Toys “R” Us, a price war on toys and games, its only offerings, was devastating.]]>private_equity bankruptcies toys Amazon Wal-Mart KKR Bain_Capital Toys_"R"_Us financial_engineering LBOs buyouts shifting_tastes category_killers price_wars digital_economy consumer_demand store_closingshttps://pinboard.in/https://pinboard.in/u:jerryking/b:f80d65e8da25/‘Splinternet’ to herald a trade war for the ages2018-03-06T14:17:14+00:00
https://www.ft.com/content/22b029ac-20c0-11e8-a895-1ba1f72c2c11#comments-anchor
jerrykingRana_Foroohar intellectual_property international_trade NAFTA digital_economy protectionism privacy FAANG China trade_wars tariffs crossborder new_tech_Cold_War decoupling splinternethttps://pinboard.in/https://pinboard.in/u:jerryking/b:0b730b3f6e3a/Technology Ushers In a New Distributive Economy - CIO Journal. - WSJ2017-11-24T23:14:15+00:00
https://blogs.wsj.com/cio/2017/11/24/technology-ushers-in-a-new-distributive-economy/
jerrykingIrving_Wladawsky-Berger digital_economy artificial_intelligence machine_learning automationhttps://pinboard.in/https://pinboard.in/u:jerryking/b:a787b0d7a994/Productivity data: why the numbers don’t add up in the digital age2017-11-13T02:52:15+00:00
https://www.ft.com/content/57b019be-be9b-11e7-9836-b25f8adaa111
jerrykingGillian_Tett Macy's retailers Wilbur_Ross digital_economy trustworthiness e-commerce productivity productivity_payoffs knowledge_economyhttps://pinboard.in/https://pinboard.in/u:jerryking/b:cffae3f65643/The Cyber Age Has Hardly Begun - WSJ2017-09-19T18:43:52+00:00
https://www.wsj.com/articles/the-cyber-age-has-hardly-begun-1505672823
jerryking>software<< into >>hardware<< so that it becomes invisible and reliable is hard. The physical world involves factors like inertia, friction and gravity, all of which present serious safety implications. >>Cyberphysical<< systems have to work with near perfection. The real, rather than virtual, world cannot tolerate the equivalent of frozen screens, reboots, video jitter, or iterative upgrades of sloppy software rushed to market.
One iconic cyberphysical system, the self-driving car, has seen many impressive demonstrations, but engineers know much more work remains to be done. Several researchers recently demonstrated how easily self-driving cars are confused by simple graffiti on street signs. Automotive AI systems have yet to achieve the situational awareness of an inebriated college freshman......When more tech companies [i.e. = "Big Tech"] use their gargantuan cash hoards [i.e. = "idle cash"] to acquire traditional enterprises—like >>Amazon’s<< acquisition of >>Whole Foods<<—we’ll know the fusion between atoms and bits has really begun.]]>Silicon_Valley digital_economy Amazon physical_economy IT atoms_&_bits physical_world pervasive_computing ambient_computing cyberphysical autonomous_vehicles underinvestments Big_Tech hardware software Whole_Foods idle_fundshttps://pinboard.in/https://pinboard.in/u:jerryking/b:c6bf031de07c/Get Ready to Defend the Free Market2017-08-20T23:33:57+00:00
https://notes.pinboard.in/u:jerryking/b9957b868d9cc91ab025
jerrykingRich_Karlgaard free_markets George_Soros George_Gilder income_inequality operational_tempo '90s capitalism digital_economy warp_speedhttps://notes.pinboard.in/https://pinboard.in/u:jerryking/b:657638dfd860/The Coming Productivity Boom: Transforming the Physical Economy with Information2017-08-02T19:29:06+00:00
http://entropyeconomics.com/wp-content/uploads/2017/03/The-Coming-Productivity-Boom-Transforming-the-Physical-Economy-with-Information-March-2017.pdf
jerrykingproductivity atoms_&_bits booming paradoxes physical_economy e-commerce digital_economy value_migration digital_artifacts knowledge_economy productivity_payoffs cyberphysical physical_assets physical_worldhttps://pinboard.in/https://pinboard.in/u:jerryking/b:ea6d11a9e448/Canada 200: How to build a business superpower by 20672017-07-02T08:13:34+00:00
https://www.theglobeandmail.com/report-on-business/canada-200-innovation-ideas-economy/article35511674/
jerrykingCanada universal_basic_income Colleges_&_Universities elitism digital_economy women gender_gap Vancouver ports uToronto biotech cleantech intellectual_property patents infrastructure life_sciences cannabis technical_standards immigration_policies Arctichttps://pinboard.in/u:jerryking/b:52b947729e44/The Economy Needs Amazons, but It Mostly Has GEs2017-06-22T08:54:38+00:00
https://www.wsj.com/articles/the-economy-needs-amazons-but-it-mostly-has-ges-1498037403
jerryking>risk-taking<<. For business, that means a bit more Amazon in the boardroom and a bit less GE....The purchase of Whole Foods by Amazon introduced a level of >>volatility<< and >>turmoil<< (at least singularly to the retail sector) which had been absent from the market for a long time....The rest of the market remained placid. And months of historically low volatility has begun to look like dangerous complacency....... another, potentially more troubling explanation: stagnation. Muted markets may be an inevitable product of steady, sluggish growth, low and predictable interest rates, declining business startups and failures, and decreased competition. In other words, the problem is, there aren’t enough Amazons disrupting the stock market and the economy.....Jeffrey Bezos founded Amazon in 1994, he has prioritized expansion and innovation ahead of profit. In its early years, >>free cash flow<<—cash from operations minus CAPEX—hovered around zero. Mr. Bezos approaches new products like a VC. Many will flop (like the Fire smartphone), but some will be home runs (e.g. AWS). Amazon launched Prime, which offers free delivery in exchange for an annual fee, in 2005. John Blackledge, notes Amazon has repeatedly innovated in ways that make Prime even more valuable to subscribers.......Amazon is now profitable, yet cash retention remains secondary to building great products and delighting and retaining customers.
....If Amazon is one extreme in how companies invest, General Electric Co. is the other. It has long been fastidious about capital and cash deployment......CEO Jack Welch perfected this approach in the 1990s.. it continued under Jeffrey Immelt. Last week, Mr. Immelt said he would retire, after 16 years struggling to restore growth. In part, that reflected how financial engineering had inflated profits under Mr. Welch. Yet Mr. Immelt ’s investment decisions too often chased the conventional wisdom on Wall Street and in Washington. ...........growth is hard for any company that >> dominates its markets << as much as GE does. GE’s size also attracts debilitating political scrutiny. ....In response to new regulations and pressure from Wall Street, Mr. Immelt largely dismantled the business...........Investors still want GE to return cash to shareholders, and it has obliged,.....while good for shareholders in the short run, this is no recipe for **growth in the long run**. GE’s cash flow is shrinking despite the company’s focus on preserving it, while Amazon’s is growing despite that company’s readiness to spend it.......North American boardrooms desparately needs some rules-defying risk-taking. For business, that means a bit more Amazon in the boardroom and a bit less GE
[ See John Authers article which references Vix]
The ">>Minsky Moment<<" occurs when investors realize that they have paid far too much for the credits that have bought, no buyers can be found, and the system collapses. Aka Wile E. Coyote running-off-a-cliff....The greatest dangers to us are not from things we perceive to be >>high-risk<<, because we generally treat them carefully. Trouble arises from that which we perceive to be >>low-risk<< and which fills us with >>false confidence<<.]]>digital_economy Amazon GE Amazon_Prime risk-taking volatility Greg_Ip stagnation cash_flows long-term growth start_ups complacency instability conventional_wisdom Jeffrey_Immelt Jack_Welch conglomerates delighting_customers capital_allocation Jeff_Bezos financial_engineering Minsky_Moment rule-breaking market_dominance free_cash_flow high-risk low-risk turmoil false_confidence long-term_growthhttps://pinboard.in/u:jerryking/b:8800d3fcf0e0/Conglomerates Didn’t Die. They Look Like Amazon. - The New York Times2017-06-21T11:52:19+00:00
https://www.nytimes.com/2017/06/19/business/dealbook/amazon-conglomerate.html?ref=business
jerrykingconglomerates Andrew_Sorkin Jeff_Bezos Amazon GE Jeff_Immelt Silicon_Valley digital_economy Alphabet Facebook lessons_learned antitrust competition Berkshire_Hathaway platforms predatory_practices diversification FTC margins staying_hungry life_cycle unfair_advantages Lina_Khan competition_policy Charlie_Munger neo-conglomerates Whole_Foodshttps://pinboard.in/https://pinboard.in/u:jerryking/b:516654c41d4a/The Amazon-Walmart Showdown That Explains the Modern Economy - The New York Times2017-06-19T00:16:46+00:00
https://www.nytimes.com/2017/06/16/upshot/the-amazon-walmart-showdown-that-explains-the-modern-economy.html
jerrykingincreasing_returns_to_scale Amazon Wal-Mart Whole_Foods retailers economics Bonobos shirts mens'_clothing omnichannel apparel digital_economy automation robotics competitive_landscape market_concentration barbell_effect income_inequality antitrust market_power corporate_concentration grocery fresh_produce supermarkets large_companies UX inventory-free global_economy fixed_costs variable_costs Neil_Irwin winner-take-allhttps://pinboard.in/https://pinboard.in/u:jerryking/b:8537651acc07/Canada needs an innovative intellectual property strategy - The Globe and Mail2017-05-21T20:40:29+00:00
https://www.theglobeandmail.com/report-on-business/rob-commentary/canada-needs-an-innovative-intellectual-property-strategy/article35065156/
jerrykingintellectual_property digital_strategies Canada Canadian patents high-quality digital_economy intangibles property_rights protocols portfolios portfolio_management 21st._century defensive_tactics Jim_Balsillie strategic_thinking overlooked policymakers digital_savvy IP_generation IP_retention public-private_partnerships returns_to_intellectual_propertyhttps://pinboard.in/https://pinboard.in/u:jerryking/b:76e2448b4e06/Fuel of the future: Data is giving rise to a new economy | The Economist2017-05-11T13:42:21+00:00
http://www.economist.com/news/briefing/21721634-how-it-shaping-up-data-giving-rise-new-economy
jerrykingdata artificial_intelligence network_effects exhaust_data Uber Tesla data_driven GE Predix algorithms digital_economy MyData personal_data privacy consent Hal_Varian loyalty_management transaction_costs information_flows data_quality real-time unstructured_datahttps://pinboard.in/https://pinboard.in/u:jerryking/b:df7cae6914a2/Digital Transformation Requires Rethinking, VC Says - CIO Journal. - WSJ2017-05-02T13:29:07+00:00
https://blogs.wsj.com/cio/2017/04/28/digital-transformation-requires-rethinking-vc-says/
jerrykingrethinking education digital_economy digital_disruption automation artificial_intelligence Union_Square_Ventures humanities liberal_arts STEMhttps://pinboard.in/https://pinboard.in/u:jerryking/b:0b076d1af15a/Bank of Canada warns automation will lead to job losses - The Globe and Mail2017-04-18T19:47:05+00:00
http://www.theglobeandmail.com/report-on-business/economy/bank-of-canada-warns-automation-will-lead-to-job-losses/article34733216/
jerrykingBank_of_Canada automation productivity artificial_intelligence robotics layoffs inflation monetary_policy digital_economy creative_destruction innovation job_creation job_destruction job_displacement rapid_change technological_change underwhelminghttps://pinboard.in/https://pinboard.in/u:jerryking/b:594fc4b04e8a/Empty talk on innovation is killing Canada’s economic prosperity2017-03-18T16:20:53+00:00
http://www.theglobeandmail.com/report-on-business/rob-commentary/empty-talk-on-innovation-is-killing-canadas-economic-prosperity/article34339612/
jerrykingJim_Balsillie happy_talk intellectual_property scaling productivity intangibles digital_economy self-deception patents commercialization national_strategies global_economy property_rights protocols borderless tax_codes revenue_generation new_revenue_sources principle_of_restriction supply_chains 21st._century ideas innovation winner-take-allhttps://pinboard.in/u:jerryking/b:59d978eda4d1/How To Profit From Selling Digital Products (Part 1) – Smashing Magazine2017-01-04T13:16:55+00:00
https://www.smashingmagazine.com/2014/07/how-to-profit-from-selling-digital-products-part-1/
jerrykingdigital_economy digital_artifacts data_products digital_productshttps://pinboard.in/https://pinboard.in/u:jerryking/b:4bc055e34297/Lego CEO Sees Potential for Brand in Digital Products - WSJ2016-12-08T19:15:37+00:00
http://www.wsj.com/articles/lego-ceo-sees-vast-untapped-potential-for-lego-brand-in-digital-products-1481192594
jerrykingLego brands digital_artifacts digital_economy data_products digital_productshttps://pinboard.in/https://pinboard.in/u:jerryking/b:7119fe0d3b9c/Trump and the Lord’s Work2016-10-26T17:06:01+00:00
http://www.nytimes.com/2016/05/04/opinion/trump-and-the-lords-work.html
jerryking>inflection point<< we hit around 2007. In 2007, Apple came out with the iPhone, beginning the smartphone/apps revolution; in late 2006 Facebook opened its doors to anyone, not just college and high school students, and took off like a rocket; Google came out with the Android operating system in 2007; Hadoop launched in 2007, helping create the storage/processing power for the big data revolution; Github, launched in 2007, scaling open-source software; Twitter was spun off as its own separate platform in 2007. Amazon came out with the Kindle in 2007. Airbnb started in 2007.
In short, on the eve of Obama’s presidency, something big happened: Everything started getting digitized and made mobile — work, commerce, billing, finance, education — reshaping the economy. A lot of things started to get very fast all at once. It was precisely when we needed to double down on our formula for success and update it for a new era — more lifelong learning opportunities for every worker, better infrastructure (roads, airports, rails and bandwidth) to promote the flow of commerce, better rules to incentivize risk-taking and prevent recklessness, better immigration policies to attract the world’s smartest minds [i.e. = "brainpower" & "talent"], and more government-funded research to push out the boundaries of science [i.e. = "scientific breakthroughs"] and sow the seeds for the next generation of start-ups.
That was the real grand bargain we needed. Instead, we had the 2008 economic meltdown, which set off more polarization, and way too much gridlock, given how much rethinking, reimagining and retooling we needed to do....It’s clear: Capitalism driven more by machines and robots poses new challenges for both white-collar and blue-collar workers.]]>Tom_Friedman Donald_Trump Campaign_2016 GOP populism blue-collar economic_downturn white-collar digital_economy mobile recklessness automation infrastructure R&D smart_people digitalization Github inflection_points immigration_policies public_investments life_long_learning doubling_down public_funding open_source scientific_breakthroughs brainpower talenthttps://pinboard.in/https://pinboard.in/u:jerryking/b:cc14d056020c/Why I Tell My MBA Students to Stop Looking for a Job and Join the Gig Economy2016-10-21T07:10:30+00:00
https://hbr.org/2016/10/why-i-tell-my-mba-students-to-stop-looking-for-a-job-and-join-the-gig-economy
jerrykinggig_economy job_search students freelancing on-demand Outsourcing digital_economy HBR bookshttps://pinboard.in/https://pinboard.in/u:jerryking/b:5a1fa23ea0ee/Competing Against ‘Digital Invaders’ - CIO Journal. - WSJ2016-10-10T23:18:13+00:00
http://blogs.wsj.com/cio/2016/10/07/competing-against-digital-invaders/
jerrykingdigital_economy competitive_landscape Irving_Wladawsky-Bergerhttps://pinboard.in/https://pinboard.in/u:jerryking/b:8a05de094edc/The value shift: Why CFOs should lead the charge in the digital age | Deloitte US | CFO Program2016-09-30T10:27:16+00:00
http://www2.deloitte.com/us/en/pages/finance/articles/cfo-insights-digital-age-business-model-innovation-value.html
jerrykingDeloitte business_models CFOs digital_economy orchestration information_flows networks platforms multiplier_effect physical_assets intangibles valuations ecosystems value_creation shareholder_value value_migration taxonomyhttps://pinboard.in/https://pinboard.in/u:jerryking/b:06cea523bb56/Goodbye, Ivory Tower. Hello, Silicon Valley Candy Store. - The New York Times2016-09-03T21:28:25+00:00
http://www.nytimes.com/2016/09/04/technology/goodbye-ivory-tower-hello-silicon-valley-candy-store.html?ref=business&_r=0
jerrykingSilicon_Valley massive_data_sets economists Steve_Lohr Airbnb Hal_Varian digital_economy academia microeconomics Ivy_League insights consumer_behavior war_for_talent talenthttps://pinboard.in/https://pinboard.in/u:jerryking/b:9069f915a567/Succeeding in low-growth markets2016-07-21T15:35:20+00:00
http://tfcfiles.com/Freethinking/Future_Perspective_Succeeding_in_low_growth_markets.pdf
jerrykingPlan_B innovation experimentation networks headwinds Tyler_Cowen economic_stagnation breakthroughs demographic_changes aging the_one_percent debt digital_economy income_inequality low_growth jugaad productivity services political_economyhttps://pinboard.in/https://pinboard.in/u:jerryking/b:4953b4f95c55/Alvin Toffler, Author of ‘Future Shock,’ Dies at 87 - The New York Times2016-06-30T09:13:55+00:00
http://www.nytimes.com/2016/06/30/books/alvin-toffler-author-of-future-shock-dies-at-87.html?rref=collection%2Fsectioncollection%2Fobituaries&action=click&contentCollection=obituaries®ion=rank&module=package&version=highlights&contentPlacement=1&pgtype=sectionfront
jerrykinginformation_overload digital_economy obituaries pundits books writers futurists Alvin_Toffler Future_Shock prognostication '70shttps://pinboard.in/https://pinboard.in/u:jerryking/b:3a98b2ebb9b2/Canada must fill three gaps to reach its high-growth future - The Globe and Mail2016-05-23T23:15:24+00:00
http://www.theglobeandmail.com/report-on-business/rob-commentary/canada-must-fill-three-gaps-to-reach-its-high-growth-future/article27499435/
jerrykingCanada Canadian future CIBC CEOs high-growth innovation policy labour_markets start_ups sellout_culture STEM intellectual_capital think_threes smart_people overambitious policymaking head_offices ecosystems digital_economy Victor_Dodig innovation_policieshttps://pinboard.in/https://pinboard.in/u:jerryking/b:92b6ec6d7ec2/Review: The Rise of the ‘Matchmakers’ of the Digital Economy - The New York Times2016-05-21T09:00:24+00:00
http://www.nytimes.com/2016/05/21/business/dealbook/review-the-rise-of-the-matchmakers-of-the-digital-economy.html?ref=business
jerrykingbooks digital_economy platforms book_reviews network_effects match-making Jonathan_Kneehttps://pinboard.in/https://pinboard.in/u:jerryking/b:7f63232f63f7/APIs: The Building Blocks of The App Economy (Paid Post by CA Technologies From The New York Times)2015-11-23T15:59:38+00:00
http://paidpost.nytimes.com/ca-technologies/apis-the-building-blocks-of-the-app-economy.html?_r=0
jerrykingAPIs mobile_applications digital_economyhttps://pinboard.in/https://pinboard.in/u:jerryking/b:b228aa2a375c/Canada needs more than talking points to spur an innovation economy - The Globe and Mail2015-10-04T18:45:04+00:00
http://www.theglobeandmail.com/report-on-business/rob-commentary/canada-needs-more-than-talking-points-to-spur-an-innovation-economy/article26636556/
jerrykingideas innovation Canada Canadian ecosystems industrial_policies commercialization intellectual_property patents Jim_Balsillie digital_economyhttps://pinboard.in/https://pinboard.in/u:jerryking/b:746c5913b762/Canadians can innovate, but we’re not equipped to win - The Globe and Mail2015-05-12T00:43:30+00:00
http://www.theglobeandmail.com/report-on-business/rob-commentary/balsillie-learns-canadian-innovators-not-equipped-for-global-competition/article24346408/
jerrykingangels patents innovation ecosystems industrial_policies commercialization intellectual_property Jim_Balsillie digital_economy scaling ideas policy_tools property_rights protocols wishful_thinking systematic_approaches innovation_policies Groundhog_Day ideas-basedhttps://pinboard.in/https://pinboard.in/u:jerryking/b:af882ce104fe/America’s racial divide widens under Obama’s watch - The Globe and Mail2015-05-07T19:56:48+00:00
http://www.theglobeandmail.com/globe-debate/americas-racial-divide-widens-under-obamas-watch/article24301593/
jerrykingracial_disparities Silicon_Valley Ted_Cruz Konrad_Yakabuski Campaign_2016 race_relations Obama downward_mobility African-Americans public_sector middle_class Walter_Russell_Mead systemic_discrimination criminal_justice_system joblessness public_schools Great_Migration sentencing downward_spirals institutional_path_dependency digital_economyhttps://pinboard.in/https://pinboard.in/u:jerryking/b:383a7749123a/Tyler Cowen on inequality, Canada, and the state of global superpowers2015-05-04T14:40:16+00:00
http://opencanada.org/features/economist-tyler-cowen-on-inequality-canada-and-the-state-of-global-superpowers/
jerrykingTyler_Cowen economists income_inequality Canada innovation Silicon_Valley digital_economy knowledge_economy economic_stagnation clusters polymaths the_Great_Decoupling averageshttps://pinboard.in/https://pinboard.in/u:jerryking/b:8fa054d2efd4/The Rise of the On-Demand Economy - The CIO Report - WSJ2015-03-13T20:40:32+00:00
http://blogs.wsj.com/cio/2015/03/13/the-rise-of-the-on-demand-economy/?mod=WSJ_hps_sections_cio
jerrykingdigital_economy sharing_economy Uber Lyft Ronald_Coase Coase's_Law freelancing on-demand Outsourcing gig_economy Irving_Wladawsky-Berger transaction_costshttps://pinboard.in/https://pinboard.in/u:jerryking/b:0c21255a0923/ClassPass and the Joy and Guilt of the Digital Middleman Economy - NYTimes.com2015-03-11T17:53:22+00:00
http://www.nytimes.com/2015/03/05/magazine/classpass-and-the-joy-and-guilt-of-the-digital-middleman-economy.html?ref=technology&_r=0
jerrykingJenna_Wortham middlemen intermediaries digital_economyhttps://pinboard.in/https://pinboard.in/u:jerryking/b:583043e2e147/How Canadian Start-Ups Can Transform our Economy2015-03-05T22:51:40+00:00
http://www.saunderslog.com/2015/03/05/how-canadian-start-ups-can-transform-our-economy/
jerrykingCanadian start_ups economy digital_economy incubators accelerators transformationalhttps://pinboard.in/https://pinboard.in/u:jerryking/b:3df13d524175/