Futurist Foresight

Scanning the ever changing global environment and examining the leading trends in business management, strategic foresight, robotics, space (government and commercial), energy, the digital landscape and other emerging technologies today, in order to better understand tomorrow.



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Economics: The changing reality of possessions. The move away from material possessions. futuramb: The Untouchable Economy: Why Americans Are Turning Against ‘Stuff’ - Michael Mandel - The Atlantic Millennials are shifting from tangibles (cars and homes) to intangibles (education and access to data), but they are not alone. In today’s data-driven economy, the business sector is moving along the same tangible-to-intangible path as the Millennials, perhaps at an even faster pace. Business spending on nonresidential structures, other than mining-related, is roughly 30% below the 2007 pre-recession highs, while investment in software is up almost 20% over the same period.

Economics: The changing reality of possessions. The move away from material possessions.

futuramb:

The Untouchable Economy: Why Americans Are Turning Against ‘Stuff’ - Michael Mandel - The Atlantic

Millennials are shifting from tangibles (cars and homes) to intangibles (education and access to data), but they are not alone. In today’s data-driven economy, the business sector is moving along the same tangible-to-intangible path as the Millennials, perhaps at an even faster pace. Business spending on nonresidential structures, other than mining-related, is roughly 30% below the 2007 pre-recession highs, while investment in software is up almost 20% over the same period.
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