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...
The northern hemisphere is in summer, while the southern hemisphere is in winter. Argentina’s Patagonia experiences temperatures as low as -16 °C for a week, even during the summer season in the northern hemisphere. This phenomenon makes it clear that the season is not merely a concept of time. You are correct in viewing the season in terms of place and environment. If you live in the same place simultaneously, both the place and the environment affect human beings. Nevertheless, we keep making excuses. Making excuses about time doesn’t cost anything, and it has a universality that is easy to sympathize with… - Joseph’s “just my thoughts”