Chaos Is the New World Order
By Shlomo Maital
Thomas Friedman’s latest New York Times column helps us understand what is going on in the world. In a word: Chaos. Chaos is the new world order. Here is what he means.
Quoting a high-tech executive, Tom Goodwin, Friedman notes: Uber is the world’s biggest taxi company but has no taxis. Facebook is the world’s most popular media owner but has no content. Alibaba is the world’s most valuable retailer but has no inventory. Airbnb is the world’s biggest accommodation provider but has no real estate.
So what is going on? More and more businesses are simply doing global matchmaking (someone needs something, someone else has it), without owning assets. More and more businesses are digitally creating markets where none existed before. (You have a seat in your car? Why not use it to make some spare cash?)
This trend is highly disruptive, because it disorganizes and reinvents whole industries, in no time. The existing players (taxi drivers, hotels) have little time to adapt.
It’s pretty clear, out of this chaos will emerge some order, and the chaos is actually creating value. But the implications are huge. A whole range of job skills will disappear. New patterns of markets and ownership will emerge.
For now, chaos is the new world order. How are YOU adjusting and adapting? Do you have a job skill that will be needed in a year or two, or do you need to reinvent yourself and your skills? If so, how will you do it?
These are interesting times indeed.