1. World After Capital
Digital technology is shifting scarcity from capital to attention. Thousands of years ago, food was scarce. Then land became scarce and a lot of wars were fought over who owns what land. Then, after the Industrial Revolution, capital became scarce which caused a lot of wars and problems. We’re now entering The Knowledge Age, in which the only scarce resource will be attention. We can only hope for a smoother transition this time and that is what the book ‘World After Capital’
by Albert Wenger argues for.
2. Mental Models: Baader-Meinhof phenomenon
Named after a German terrorist group called 'Baader-Meinhof’, it describes the phenomenon that once you’ve learned something new or have been told something, it seems to come up everywhere. Like when you buy a new car and suddenly you notice that car on the street all the time. It’s of course not the frequency of the car on the street, but the fact that it’s saved in your memory which makes the difference.
Have a good weekend,