Morgan Housel: Three Big Things – The Most Important Forces Shaping the World

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Here’s a great new paper by Morgan Housel at The Collaborative Fund titled – Three Big Things
– The Most Important Forces Shaping the World, which discusses the three ‘Big Things’ that will have a profound impact on coming decades because they’re both transformational and ubiquitous. Here’s an excerpt from that paper:

There are so many things happening today that aren’t easy to grasp without a working knowledge of the 75-year-old wartime forces that got them going in the first place. To me, the war is fascinating to study not because of what happened, but what it went on to influence.

Which raises the question: What else is like World War II?

What are the other Big Things — the great-grandparents — of important topics today that we need to study if we want to understand what’s happening in the world?

Nothing is as influential as World War II has been. But there are a few other Big Things worth paying attention to, because they’re the root influencer of so many other topics.

The three big ones that stick out are demographics, inequality, and access to information.

There are hundreds of forces shaping the world not mentioned here. But I’d argue that many, even most, are derivatives of those three.

Each of these Big Things will have a profound impact on the coming decades because they’re both transformational and ubiquitous. They impact nearly everyone, albeit in different ways. With that comes the reality that we don’t know exactly how their influence will unfold. No one in 1945 knew exactly how World War II would go on to shape the world, only that it would in extreme ways. But we can guess some of the likeliest changes.

The Three Big Things Are:

1. A demographic shift that reconfigures modern economies

2. Wealth inequality that’s grown for four decades hits an inevitable breaking point

3. Access to information closes gaps that used to create a social shield of ignorance

You can read the entire paper here: Morgan Housel – Three Big Things – The Most Important Forces Shaping the World.

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