Malone and Hayes: Ten-Year Century, Faster, Quicker, Shorter

This week’s essay comes from tech pundit pair Michael Malone and Tom Hayes published in this weeks’ WSJ, “The Ten-Year Century”, as the pace of change accelerates—trust becomes vital currency:

“In computer jargon, when your hard drive becomes overwhelmed with too much information it is said to be fragmented—or “fragged.” Today, the rapid and unsettling pace of change has left us all more than a little, well, fragged.

We watch 60-second television commercials that have been sped up to fit into 30-second spots, even as we multitask our way through emails, text messages and tweets. We assume that these small time compressions are part of the price of modern living. But it is more profound than that.

Changes that used to take generations—economic cycles, cultural shifts, mass migrations, changes in the structures of families and institutions—now unfurl in a span of years. Since 2000, we have experienced three economic bubbles (dot-com, real estate, and credit), three market crashes, a devastating terrorist attack, two wars and a global influenza pandemic."

To read the full essay please click here and you will be linked to the WSJ website.