They will outperform-and attract more capital. Impactful companies will grow by identifying real and enduring human needs, and meeting those needs in technologically-enabled hyper-scalable ways. Historians in 2070 will note how purpose-driven companies trounced conventional businesses by some distance, so much so that concepts like “ESG” (environmental, social, governance) and “negative screens” (keeping out tobacco, guns, etc.) will look quaint. This is not because of morality or marketing, but because capital flows to where it is best treated. The Chairman of BlackRock and the CEOs of 200 of America’s largest companies, as represented by the Business Roundtable, now insist that each business lead with a purpose and prioritize stakeholders over exclusive shareholder interests. When I founded LeapFrog Investments in 2007, before the Global Financial Crisis, our idea of “Profit with Purpose” business seemed to many people to be marginal and perhaps naive, and to have no chance of ever dominating capital markets. Some of the worlds we have already lived-some of which are actually still living-are truly unimaginable. I think people and entities who understand histories, art, and aesthetics are going to be even more essential as the keepers of our time, since things continue to change so much that even we are not be able to recognize them. I also think that the cannabis wave is just the beginning of a comeback to more plant-based medical solutions (we in the South have never left them, so we’ve been in the future for centuries). ![]() Folk involved in person-to-person support and healthcare will become more expensive to train, especially if healthcare service delivery and communications go the robot way. Mass manufacturers of substances that can be used as weapons will also be key, as we keep teetering on the edge of fights. Regarding health, in the global North, there will be a lot of moves regarding tailor-made genetic solutions. Those who find new ways to traffic in data and its analytics will be key to the new ways we understand the world. Of course, the evolving tech sphere-for surveillance, cash transfers, and communications-will have met the increasing global state appetite for citizen control in ways more horrifying than any science fiction story. People who are also trying to figure out how to live on and under water, and people who negotiate with green energies, especially solar and wind, will also be really important. The world will be run not by POTUS but by patchwork.įood and water providers will be key. ![]() In 50 years, there will be a new plural division of powers (and even more plural identities, to be constantly navigated). By design, they check and balance one another. Each authority has its own source of legitimacy. ![]() Today, power is distributed within states-between legislature, executive, and judiciary-rather than any one authority dominating. Each type of authority will have its own accountabilities and only some will be based in direct elections and patriotism. Although states and nationalism will remain strong forces, we will see power, responsibility, and accountability distributed across a wider range of actors-from cities, regions and states to corporations, nonprofits and multilateral agencies, to influential networks and associations. Historians in 2070 will look back and see a decade or two of convulsions, as the paradigm shifts toward the next era of governance. Trumpism, Brexit, and the Facebook wars heralded the death throes of its dominance. ![]() That system of nation-states was more suited to the technologies of the 20th century. In my 2004 book Democracy Beyond Borders, I predicted that the rise of corporations, non-state actors, and networks would lead not to “a world state, nor a system of superstates, but a multiform global system.” There will be no single locus of ultimate authority, as Thomas Hobbes insisted there must be when he defined state sovereignty in 1651.
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