Exonomics

Exponentially accelerating technology can create immense profits or devastating losses rapidly – thereby undermining traditional economic concepts. The new era of exponential economics – or “exonomics” – rests on seven components:

1. “People” – Technology enables progress, yet evidence suggests that the benefits of and exposure to technological progress aren’t shared equally, leading to “exponential inequality.” A worst-case scenario is a future whereby a small portion of wealthy people with access to the latest technology starts evolving differently from everyone else.
2. “Property” – Online platforms have enabled...