Economics 7 - Sector Tier List - F***, Marry, Kill

TLDR;

On a more lighthearted note…
Arising from the previous post on the nonsense economy, I prioritise sector importance by what I would do if… I could control the world’s economy.

If I were hypothetically able to shape the world to my moral compass…to shape it to what I feel is right. How might I view it?

F*** - indulgent, but not necessary….just nice to have.

Characterized by Good returns to society, as a want, to live a good life.

Media
Experiential Wealth
Philosophy
Tourism
Cultural awareness
Travel

The last three - I believe are crucial for Global peace and cross-border understanding

Marry - Forever Needed

Forever needed (Critical return to society, low growth)

Energy (one couuuuuld argue this was not a thing in antiquity but…)
Healthcare
Education
Food (agriculture)
Logistics and transportation

Kill: Overrated

Characterised by Weak returns to society/environment - ticking time bombs

Information asymmetry (management consultants, those that refine uncertainty)
Commercial marketing and storytelling
Pure-profit Finance and investing (as opposed to value-based)
Advertising
Intermediaries and Middle Men
Most “fast” things (fast food, fashion, ecommerce, etc)

Adopt - Structurally emergent

Underrated return to society, where demand outstrips supply - demands grooming and care

Autism
Wellbeing - mental or general

Send off to boarding school -

Decentralising / Democratising - probably need to reinvent themselves

Law (?) - just a placeholder for now, I don’t have much knowledge in this field.

TLDR; As marketing becomes the key differentiator in a world where material functionality is commoditised, there is a real risk of pervasive bullshit (I am yet to read aseminal piece on this). Yet, in the pursuit of growth, capital will continue to flow to such areas. This I term, as the rise of the “Nonsense Economy”. It is the new frontier of rent-seeking behaviour, and detrimental to the economy. If you have been following my previous posts, I sum up many observations which culminate into a phenomena we see today.

Economics 5 - The Shift to Intangibility

TLDR; There are reasons to believe that the previously described trends may not hold true in the future; The gravity of economic activity is shifting away from tangible products, to intangible services. This shift presents big challenges for modern economies - many of which are yet to be addressed properly. Things are Changing As earlier described, from a cyclical point of view - the world is at an inflection point of great change.

Economics 4 - So...What's Next?

…Which I think is a natural question that follows. Looking at the business cycles and the criteria I had laid out to define what a dominant economic activity looks like - I foresee two new chapters emerging in the short term. Sustainability Quantum If we described quantum as the new “digital”, and sustainability as a necessity, I am fairly certain of these trends. Neither should really be a surprise, though I believe they are still too nascent in my mind to be considered a full chapter at this stage.