The Future Will Be Flatter than Ever

Source: American Institute for Economic Research
by Emile Phaneuf III

“Thomas Friedman declared in his 2005 book The World is Flat, that the world is flat. By that he meant that the internet, trade liberalism, and the like had enabled economies such as India to compete with the likes of relatively stronger economies like the USA and Japan. This ‘flattening’ (or leveling of the playing field, as we might think of it) continues today in radically new ways that Friedman may not have imagined. Cryptocurrencies have enabled value to transfer across borders in a permissionless way, with no authorization required by central banks. … Complex networks, like those manifested on social media platforms, have made it increasingly obvious since the Arab Spring of 2011 just how powerful a networked public can be.” (05/06/22)