A Logical Process to Understand True Wealth

I have tried out the following intellectual filtering procedure with both multi-thousand general public audiences and with audiences of only a hundred or so advanced scholars and have never experienced disagreement with my progression of residual conclusions. I proceed as follows: I am going to make a series of analytical statements to you, and if anyone disagrees with me on any statement we will discard that statement. Only those of all my statements which remain 100 per cent unprotected wil...

 Kodak, Instagram, and Automation

Here’s a current example of the challenge we face... At the height of its power, the photography company Kodak employed more than 140,000 people and was worth $28 billion. They even invented the first digital camera. But today Kodak is bankrupt, and the new face of digital photography has become Instagram. When Instagram was sold to Facebook for a billion dollars in 2012, it employed only 13 people. Where did all those jobs disappear? And what happened to the wealth that all those middle-clas...