In just a matter of years, we’ve seen the digital revolution transform business, politics, media and society right across the world.
The Davos fest early this year only confirms the trend where this revolution is clearly driving a shift from ‘old’ to ‘new’ power in the world.
A new power’ world characterized by a shift away from unthinking consumption to people being ever more involved in creating, sharing, funding and owning products, services and ideas.
Where old power business models are defined by what one company has that others haven’t, new power models are renewable because they are driven by the passions and energies of the many.
Take a close look at Bitpay and Blockchain, both shaking up the banking industry by giving more people access to a new currency in a secure way, without the permission of governments and institutions…. Along with Sidecar with their true marketplace experience challenging Uber and Lyft to get people moving.
Although new power doesn’t necessarily mean for the better, I think the shift will force old power models to adapt and will most importantly lead to interesting collaborations between old and new power models.
What are we to make of all of this?
I believe the battle ahead, whether you favor old or new power values, will be about who can control and shape society’s essential systems and structures.
Let’s face it, many of our systems need a real shake up. Why wouldn’t you upload the power and talent of billions to do it?
Do we have what it takes to make it happen?
Well I certainly hope so because if you had to reflect on Davos’ recent gathering of world leaders, I am afraid the mood this year was more pessimistic than in 2014, when the euro zone seemed on track to recover from its deep financial and economic crisis. Since then, a range of geopolitical risks have surfaced and growth in Europe has stalled.
Further, reviewing the global economic outlook at the Conference, speakers from the IMF, the ECB, the Bank of England and the Bank of Japan said their ultra-loose monetary policy could only buy limited time for politicians.
My hope is to see word leaders not succumbing to pessimism over the state of the world economy.
A year before, no one had foreseen the fall in the oil price, which has dropped more than 50 percent and reached levels last seen during the financial crisis.
While producer countries in OPEC and beyond were suffering, much of the world could benefit and develop.
In fact , I believe the plunging price of oil and gas provides a once-in-a-generation opportunity to fix bad energy policies.
We just need confidence and less uncertainty and focus on “transitioning growth” from consumption to investment.
Share your thoughts….