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In 2020, we have seen what a global COVID-19 pandemic can do to our economy, and we have experienced a different reality at work and in our homes. Many of us have made permanent changes to our lives to focus more on family and friends. We have started to re-focused on The Wealth of our Generations.
Our capitalistic system’s dirty little secret is that capital tends to grow much faster than salaries and wages. So, people working for money have been losing the race to building wealth against those who use financial capital to create wealth.
The gap between individuals leveraging financial capital and workers is growing bigger each year. Spurred by technological advances, this trend is now even accelerating, and the value of skilled labor is declining further each year.
Consequently, our precious democracy seems to turn into an oligarchy. Power would then rest with a small group of people distinguished by wealth, education, corporate, political, or military control. Our society would then be controlled by a few families who pass their influence from one generation to the next. Is this what we want?
Today, the fundamental principle of capitalism, the concept of skilled labor, is at stake. Is it possible that we can all pass wealth from one generation to another? Can we manage a paradigm shift from nation-centered capitalism to a shared economy based on the Wealth of Generations by enabling all workers to become capitalists-sophisticated investors? The answer is yes! This book casts a positive outlook into the future by suggesting using artificial intelligence and other technologies to make us all capitalists, reaping equitable returns.
