Globalization is not a recent phenomenon; it began in the 1870s when international trade and investment expanded to sell mass-produced products worldwide, driven by technologies such as steam engines and electricity. The peak of globalization occurred in 2019, just before the COVID-19 pandemic outbreak. The economy advances primarily through improvements in productivity. The technological advancements mentioned have significantly influenced this productivity growth. For example, a smartphone, which combines the functionality of a computer with that of a mobile device, exemplifies technological progress that has brought convenience to mankind. However, smartphone technology and network effects haven’t contributed to the expected boost in human productivity. Technology can be categorized into those that enhance productivity and those that do not. Although today’s technology development exceeds that of the past, it doesn’t automatically lead to greater productivity. To build wealth, incre...
Most trees do not grow alone; they grow alongside other trees. If a tree does not thrive, it cannot develop further because it is overshadowed by its neighboring trees , making it difficult to bear fruit. If it does not bear fruit, it cannot prosper and may eventually die or decline. To bear fruit signifies survival. A tree or a person can gauge health and future development based on its fruit. The fruit of a person is represented by their work and achievements. The track record reflects aspects of luck, effort, ability, humanity, capital, and time. Each element contributes differently to performance, but the variation does not shame the individual. Success or failure is secondary; the true shame lies in having no achievements. Trees and people are evaluated by their fruit. - Joseph’s “just my thoughts”