A rent seeking model that takes pride to wield its monopolistic pricing power to the extreme with little regard to higher order negative externalities is not sustainable. Along the way, it erects economic moats to protect its franchise and over time is increasingly far removed from reality. Eventually it will collapse under its own weight.
…The messaging is clear: future proof against disruptive innovation.
Industry 4.0 is a great enabler for those willing to adapt to changes. Democratization of trust is expected to revolutionize how human beings choose to transact with one another. Two key attributes are the constant refrains – speed and cost of transactions. The consequence is to remove the middle men seeking rent seeking advantages and gaining monopolistic pricing power.
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