Howard Marks Memo - The Winds of Change
oaktreecapital.comSaved by sari
Howard Marks Memo - The Winds of Change
Saved by sari
Working in a factory or corporation in a major city was something many individuals aspired to during the early 20th century for the economic prosperity relative to a more tenuous farming life. Yet, as we’ve seen, the limit has shifted. Economic growth has stalled both for society and for us as individuals. Because of the qualitative and structural
... See moreThe very success of economic growth in the Digital Age has laid several traps for an unwary world. The world economy is producing vast wealth, but failing in three other dimensions of sustainable development. Inequalities are soaring, in part because of the differential effects of digital technologies on high-skilled and low-skilled workers. Enviro
... See more