In the Industrial Age, extractive and manufacturing companies were the largest and the most powerful.
They were the absolute majority of the top companies until 1985.
They were the absolute rulers of the economy.
Then, in less than a decade, they became a minority. They got overtaken by service industries – banks, insurance companies, internet companies. Today they represent less than 30% of the top companies.
We still don’t realize how this shift is deeply transforming the economic landscape. We don’t realize how pure extractive and manufacturing value has decreased relative to the value of services and creativity.
When will we start realizing that the economic system has already started its Revolution? When will we start to realize that the bumps of the economy we are going through are but the painful adjustment of our economy to the Fourth Revolution value production system?
When will we start leaning into this new value system instead of trying to revert to the Industrial Age view of the economy?
