The Great Game

“The Great Game is afoot,” Sherlock would have told Dr. Watson, being a master on world power, and the ways of men. The one who controls the “Stans” controls the world, is an old saying from my childhood. The British and Russian empires fought over them in their heyday, and now Russia and the US have fought for power in Afghanistan and the other states in these regions. India’s time has come and now it is seeking its rightful place, in its own backyard and with countries it has long cultural ties. Too long did its soldiers fight for the British empire and lose its economic might, to a foreign ruler. Now it’s time to redeem itself, in economic history, has finally arrived. For the best part of the last two millennia it had the largest GDP, and was a relatively rich nation, with wealthy citizens. Now it is a poor cousin, and till recently almost broke, with few foreign reserves.

“The International North South Transportation Corridor (INSTC) connecting Mumbai with St Petersburg and beyond – which has been 17 years in the making – is set to be operationalised from the middle of next month with the first consignment from India to Russia. India, Iran and Russia had in September 2000 signed the INSTC agreement to build a corridor to provide the shortest multi-model transportation route linking the Indian Ocean and the Persian Gulf to the Caspian Sea via Iran and St Petersburg. INSTC has been expanded to include 11 new members – Azerbaijan, Armenia, Kazakhstan, Kyrgyz Republic, Tajikistan, Turkey, Ukraine, Belarus, Oman, Syria and Bulgaria (as observer),” as reported in the Economic Times.

This is not a small step and its timing is strategically significant in modern history. America and Europe have traditionally controlled political and economic world trade and China has emerged as an economic power now. Russia and Iran have lost their luster and India is still shaking off its half-naked fakir image. Indian democracy is finally maturing into a nation building, efficient government. The ease of business is slowly improving, and its credit rating has also inched up. Slowly it is emerging as one of the fastest growing economies in the world, and has a long runway ahead of it. Its young population is aspiring to join the world citizenship, on an equal footing. This new road to prosperity is linked to its billion people, rising out of poverty, to make a new world order. The answer is open international trade, as was learnt from the success of NAFTA in the Americas, and the EU zone’s amazing growth over the years.

This collection of faded country names and forgotten players in the international game, may be the next economic wonders. The area has enough energy and other resources to bring prosperity for the next century. With Indian industry slowly coming into its own, massive projects can now be undertaken on a global scale, multilaterally. The plans for development in these regions, can bring great productivity and human improvement. The people have suffered enough and are now ready to become part of the community of nations. Equal rights and high aspirations driven from a rising democracy, has great power, as was witnessed, in the last two world wars. Military might can only come from economic might, and nations have often bankrupted themselves, in trying to achieve the first, without the second. The path to prosperity is only through more trade and the use of the best that any human, can bring to the market. Only legal, safe, open trade can make India great again, and this is a wonderful first step. Will the people of the “stans” now rise to the their rightful future, is a mystery, that even Sherlock will have to light his pipe and ponder!

Be Free

It is Friday night and the moon is mostly full, on this not so cold, winter night. The house is empty and quiet; once I turn off the PBS serial of Masterpiece Theater, which I am watching on the HDTV. At the end of the episode I rise and think of dessert. A ripe pear yellow and blushing red from the fridge, is ever so juicy and delicious. I follow it up with a scoop of butterscotch twirled Friendly’s extra rich and smooth Vanilla ice cream. This I top with a darkly intense chocolate, with blue berries and grapes, which adds a subtle, yet deep aroma and taste. I enjoy each bite and relish every single moment and intense flavor, as it stays on my tongue. My senses of touch, smell and taste are overwhelmed with a love for life. which only I, can experience!

I am not beholden to anyone or anything and on this night, I hold my head high and think from my life force and meditate on reality.This is the supreme existence, the sages talked about, but we ignored them, in our modern urgency. We have to slow down, to speed up, as the saying goes. Soon I am so inside myself, that I explode into eternity. This moment is stitched in the space and time continuum, and I rest in peace in a turbulent universe. What if I never existed would I have had this moment, or is this moment the cause of my existence? No one answers, as everything is only me, and I make myself to be free. There are no questions, where I have arrived..

I put away the dishes and wipe the counter clean, suddenly a very content man. My life force is still strong, yet it does not have the recklessness of youth, or the doubts, of our early attempts at life. Now I am alone in my strength and all else exists for me. I do not serve anyone and nobody serves me tonight. We have become free at last in the long history of humankind, as now we have the means to be truly independent. It is sadly an independence of decadence and extravagance of modern life, and no longer the sparse, simple garb of the ancient yogis.

The week end approaches and the choices are multiplied, if one only opens a travel site and looks for deals. We can go anywhere in days and enjoy exotic food and locations, if we so wish, at a few hours’ notice. We have become slaves of our daily habits rather than the fearless travelers and nomads, we used to be. At the end of the day I would rather live alone and not serve or be served; to enjoy the proverbial, thousand years of solitude. There is a dignity in becoming self-sufficient, but not all of us achieve this. We remain mired in our desires, fanned by our senses and memories, to enjoy the fruits of our labor.  The cycle of slavery perpetuates itself in us, as we become dependent on others, for our own happiness. This co-dependency only adds to our attachments and we can never break out, and be free.

“Here lives a free man. Nobody serves him.” -Albert Camus, writer, philosopher, Nobel laureate (7 Nov 1913-1960)

Syrian peace hopes!

Mr. Putin embraced President Assad of Syria, before talking to President Trump for an hour, to come up with a peace settlement in Syria. It will be an important step in stabilizing the overly volatile Middle East, of recent memory. The whole region and North Africa, has gone through repeated wars and coups and there has been too much destruction in major cities like Raqqa and others. Millions of refugees have been created, which are a heavy burden, on host countries. It is time to try and return normalcy and growth, which can only come from a lasting peace. Old leaders and new thoughts can lead to a long term solution, to a region’s problems. Let us work for a future which brings a sensible peace.

Our dying planet

The Alliance of World Scientists have issued their second dire warning about the state of our earth, 25 years after their first stern warning issued in 1992. The scientists have collected and analyzed data about our planet and things have become worse, since their initial findings published over 2 decades ago. We are killing flora and fauna and other living creatures at a furious pace, and this destruction is unsustainable, for a living planet. Billions of years of evolution of species are being wiped out, in our thirst for water, food and our own human habitation. .

“Global climate change sits atop the new letter’s list of planetary threats. Global average temperatures have risen by more than half a degree Celsius since 1992, and annual carbon dioxide emissions have increased by 62 percent.

But it’s far from the only problem people face. Access to fresh water has declined, as has the amount of forestland and the number of wild-caught fish (a marker of the health of global fisheries). The number of ocean dead zones has increased. The human population grew by a whopping 2 billion, while the populations of all other mammals, reptiles, amphibians and fish have declined by nearly 30 percent.” They have reported.

The scientists have come up with 13 suggestions for a greener planet and more sustainable practices, which we need to adopt. We need a vigorous debate on each of their propositions now, as if we wait another 25 years, things will not magically become better. Our consumption patterns have to change dramatically to bring about a brave new world. If we shy away from this responsibility our children and grandchildren will never forgive us. The time to act is now before more waterways, forests and myriad species disappear forever. We live in a time of great scientific discovery and new technologies are developed every day. From this complexity of science we have to develop a simple method to live and let live. The 1% control our economic reality, but should we let them control the destiny of our planet also?

The self-righteousness of our super rich and inflated egos of our political leaders, are leading us down a path of death, destruction and ruin.  If a butterfly does not flap its wings in China any more, will my grandchild still see a rosy sunrise? I fear for our future and can only hope to awaken our consciousness, towards compassion and love. There is much we still have to do and only if we take a stand to do what is right and reduce our wanton consumption, will we be able to save our earth and its creatures. I want my grandchildren to walk barefoot on the dewy grass in the morning, and watch the cottontails playing in our yard. I want them to see the swans living in our lake, and not stuffed in some museum. Maybe I have too much faith in our humanity, as science does not lie.

“For all our conceits about being the center of the universe, we live in a routine planet of a humdrum star stuck away in an obscure corner … on an unexceptional galaxy which is one of about 100 billion galaxies. … That is the fundamental fact of the universe we inhabit, and it is very good for us to understand that.” -Carl Sagan, astronomer and writer (9 Nov 1934-1996)

Smart bombs

We live in a new world order now and China is extending its reach throughout the world, and Europe and the US have a different hegemony. India is trying to be recognized as the new kid on the block and carve out a piece of its own territory in South Asia. With Pakistan and China as neighbors it has not been easy and tensions still prevail beneath the surface, of deep cracks in the psyche of the nation from past wars. To rise above these and to find its rightful place in the nations of earth the Indian society has to change and adopt a more nationalistic stance. Only a strong nation can survive and there is much work to be done after decades of neglect of real world capabilities. The world has advanced and now India must put its best brains and capabilities into becoming a world player.

I recently read, “The Indian ‘smart anti-airfield weapon’ (SAAW), developed by the Defence Research and Development Organisation’s Research Centre Imarat (RCI), other labs and the Indian Air Force, was fired from an air force aircraft.” It has the capability of striking targets within a range of a 100 KMs without crossing the Indian border, with great precision. It can deliver enough of a payload to incapacitate, an enemy’s air capabilities. The development of smart bombs is just the start of the program, as India has a lot of catching up to do. Sadly its defense systems, need modernization on a massive scale. Big data capabilities, artificial intelligence, enhanced internet capabilities, smart weapons, and electronic surveillance are all part of the brave new world. India needs to step up its game to excel in these fields.

The planned build out of the capabilities of the Indian Defense forces, will be a major economic driver for South Asia. If done properly, it will provide much needed investment, labor and scientific development, using indigenous resources. The door for foreign partners is shyly opening up, and will become in the next few decades, a major opportunity for global defense industry corporations. The defense of the Himalayas and the Indian Ocean are at stake, and India has to develop the capabilities to project force, over greater distances. With its great rocket capabilities it now has to augments its ability, to deliver force to face any external force. Only the Air Force can ensure superiority on the battlefield, so any enhancement of their capabilities; is a step, in the right direction. For South Asia to emerge from its shell, India has to play a key role in ensuring, a safe and secure nation.

Great Banyan story

By Biswarup Ganguly – Own work, CC BY 3.0, https://commons.wikimedia.org/w/index.php?curid=12679235

Long have the mystics I have studied instructed followers to stay away from Anger, Lust, Greed and things unnatural. They have all advocated that life has enough to offer without needing any artificial enhancement. In a world of plenty we need to get closer to mother nature and our origins. There are so many wonders around us that we can lead a full life, without having to travel to exotic locations. If we want to travel to exotic locations, then there is no harm, in that either. We just have to follow our own path, and not let life just happen to us. We can pick any path our heart desires, and proceed along it, to a goal, or a state of being. We must seek joy, happiness and mirth in everyday situations. If we are happy now with what we have, then start giving the extra stuff away. To live like a mystic, is to not have attachment, and hence one does not accumulate anything. One lives and discovers wonders of the world like, the Great Banyan tree as life progresses. Let me tell you a little more about the wonder of this tree:

A 255-year-old Great Banyan at the Indian Botanic Garden, Shibpur, has increased its girth by a massive two acres in a little over 30 years, from 3 acres in 1985. The Great Banyan lost its main trunk long ago after surviving two cyclones. The tree is now balanced on its growing new roots. The new roots seem to be walking east towards the sun. It is also the direction away from human habitation in the city and its pollution. 4 senior botanists and their assistants take care of the Great Banyan ensuring its health, and have built a new barrier around it. This is a remarkable tree like the Redwoods in California. They are massive and live for centuries yet this covers far more space. It continues to flourish and has grown into the largest single canopy, on earth.

We must praise nature as the more we take care of it, the more it gives back to us. We must take care of the fauna and the flora, of our native lands. Like the huge store in Norway of all the world’s seeds is good for preservation, but there is no sight like looking up from the base of tall Sequoias; and wondering how tall the trees were, as one could not possibly see the top of the trees? The real life is in our fields, our forests, our woods, our lakes, our rivers, our mountains and our oceans. They have to be nourished and cared for, by an army of people, to make them whole again. We have taken and destroyed so much, that we have to take a joint exercise, just to count the tigers, living in Nepal and India. The numbers are low, and preservation is just starting to work, and a lot of work still needs to be done to preserve the jungle species. They need their own habitats with grazing lands, rivers, woods to continue to do what nature does best. Life is to be enjoyed in its enormity and not in narrow dogmas preached for human consumption. We have become very powerful and with power also comes great responsibility. Let us use our powers wisely, to grow ourselves, and allow others to prosper also, as there is a whole universe still to explore. If we must dream then let us dream big like the Great Banyan!

We become what we desire

Very early on I was given to understand that I would never be an emperor of India. I was all of 12 and dreamed all the dreams that Alexander the Great (my hero) would have dreamed, at my age. The tall Qutub Minar towered proud above me after all these centuries in the gardens of Delhi. Gardens and monuments surrounded me from the early Sultanates of India. None was more powerful than the Slave Dynasty that established Muslim rule in India. Ruling from Delhi they conquered the Indus rich lands and a large part of the Gangetic valley and prospered. The pillar was of course much older and had fascinated me for years in its height and girth.

The Ashokan Pillar marks an older tradition of Buddhism, in India. This rust less iron pillar is ascribed to emperor Ashok and was part of his many edicts and signposts, laying down the rules of Dharma. Those rules had been long largely discarded, in the India I grew up in; and long consigned, to the pages of history. Modern Indian politics of Independent India, has been turned towards a new national identity. I had stood with my back resting against the pillar, preparing myself. I looked up at the beautiful carved stone archways, left over from a past kingdom. Vainly I tried to reach around my back, and grasp both hands. Soon I knew that there was no hope, as I was short. Maybe if I had been two feet taller with longer arms, then it may have been easier as the pillar did seem to taper slightly, from the broad base where I stood, reaching our blindly.

The one thing Ashok and Buddha consistently talked about was that compassion and contentment are noble attributes. The sooner we acquire them the easier is our trip to Nirvana. We must not follow our desires as like Lucy in the Sky with diamonds they can never be satisfied in our lifetime. We can take a strange trip of chasing all our desires in a distorted reality, or one with all ones lucidity and love. Just contentment stops a lot of things from happening – mostly with positive results. We do not seek, so are not disappointed, and also do not have any guilt of missing the next high. Desires continue to flourish in our imagination as human beings desire more and more as the world unfolds before us. Every new vision or revelation makes us children again reaching out for a newer shinier toy.

Some seek God and salvation in narrow beliefs and blind faith, while others like the Isa Upanishad say God is in everything so nothing is ours and it is all His, so renounce and enjoy. Buddha did not destroy desires but he found a path we could follow, which would help us overcome becoming trapped in this world of Maya and endless rebirth leading to a state of Nirvana. Great saints have all proclaimed the supremacy of their God and shown paths to serve Him as in the prayer of Saint Francis to his Lord to, “make me an instrument of your peace.”   The end result of many of these learned beings is the concept of Sangha or society that is equal and everyone works for its betterment. God does not dwell in Churches. Temples or Mosques but in each of us and his laws do not differentiate between rich and poor. Follow your Dharma or beliefs and you will find the right path.

So to conclude we remain largely the slaves of our desires. We indulge in more ways to enjoy them and seek the company of those who are followers of the same path. The Germans did not start off as evil under Hitler but they took his beliefs to an extreme and became evil. Similarly we need to ensure we seek contentment versus the fulfillment of all our desires. Desires come and go and we need to be in harmony with nature. The universe has forces far larger and stronger than us puny men trapped on this blue planet. We are only as great as our belief and so seek higher living and thinking. When we destroy whole species of flora or fauna, we are destroying a little bit of ourselves. We have the power to create a new world, full of goodness and hope. Seek to live righteously, as in the end all of us must die.

Improving India’s economy

Arun Jaitley, India’s Finance Minister when asked about disinvestment targets not being met for the State owned enterprises said, “Always remember that privatization is the art of the possible. Therefore it is an exercise which has to be transparent, it has to be acceptable to a cross section of political and public opinion, it is an exercise that must result in a better performance.”
This argument seems false as to provide better infrastructure and build a new and better India, it can only be financed by allowing all state owned companies to go public. His wishing to time the market, and wait for an opportune time, may never come, as markets go up and down randomly in cycles. To presume that the current bureaucrats at the Public Sector enterprises are doing better, at managing their affairs, when compared to other International companies, in the same sector; it seems like smoke and mirrors. The Public sector needs modernization and investments in technology, logistics and global supply chains. He should let his older babies go, as the capital raised from their sales, will help fund the nascent projects of tomorrow.

The legacy of Nehru and Indira for nationalizing and reserving huge economic areas, allowing State Enterprises to have a virtual monopoly in Banking, Finance, Oil, Coal, Energy for so many years. As the Private Sector has grown in India it has taken up the challenge, to meet the consumer needs with more efficiency. The money can be put to more productive use and the more Jaitley can put to work the better it will be for him. It is time for the Modi government to show, how it will pull the Indian economy out of its slump. Regarding disinvestment “the art of the possible,” may be just swallowing ones pride, and letting the Market forces take over. Let the Government get back to governance of its governed, rather than be distracted in running large businesses; best left to the private sector, to grow.

A new trust has to be established where disinvestment of some sectors of the economy, yields investment in Highways, Cities, Logistics, Airports, Railways, Mass Transit and the list is endless. With India needing huge improvements in sanitation, drinking water, electricity and broadband there have to be huge public and private partnerships for improvements. The 11 B disinvestments are not going to be able to fund existing ambitious plans of the different ministries. I am advocating to go for broke and raise 100 B and maybe 200 B over three years and really impact the economy. The digitization of Adhar and direct deposits, is an easy way to share some of these funds, with the poorest of the poor. The ones who need it the most, may also provide the largest productivity gains if they become consumers. We need a helicopter economy.

Global rating agencies are following closely the adherence to the 3.2% deficit financing target and so far Mr. Jaitley has obliged, to a great extent. With his options dwindling he may have to bring all tools in his arsenal to bear. “We are all conscious of the fact that there is importance of the kind of fiscal prudence that is required in the economy,” Jaitley said. “At the same time we are also conscious of the need in such situations of spending and finding the balance between the two.” With GST rolled out and its implementation in progress and it is a game changer, from the previous state and local taxes on distribution. Making India into one market for taxation makes sense and its benefits will be shared with the States. The laws have to be enforced and systems automated and simplified with AI to ensure collection and auditing of the taxes owed and encouraging the growth of the formal economy.

With timely disinvestment it appears that Mr. Jaitley can open the spigot, to be able to spend on Defense and other BJP priorities. The Indian economy has more than enough room to grow for this century, with its young and dynamic youth. Somebody has to become the enabler, of all the Micro to the Macroeconomic needs, of India. Such great opportunities come rarely and only action is required, in the Parliamentary sessions, to take them forward. The Markets have their own mechanisms to provide the price for Assets and these exercises need to start, in a far larger manner that we see today.

Investments in Infrastructure and human capital, provide rich rewards, as seen in the case of China. Education, health and human well being need major investments and the sooner the better. Increasing the productivity of India’s billion people will yield a virtuous spiral upwards, for the poor. It needs fire and fury to awaken the forces of nature on a gigantic scale, which only a modern India can achieve. This talk of balance and improvements in performance sounds good, but it is not the action required on the ground. Speedier and better implementation is the need of the hour and good leaders should be working towards these goals for improving Indian humanity.

The Path in the Woods

There is a path in the woods, which I believe leads to change. We must all seek this path, as to stay stagnant is to slowly die away. We do not know what we will find on this path, as we are not sure what we want. We must seek the path and follow it to where it leads, as that is why we are here. We were not given this life to only rot in our internal turmoil, and not seek what is freely given. We are free to explore and find the meaning of life in our own way. We must change to find love, compassion, balance and life itself.

There are many paths I have walked on and many more left for me to explore. I am angry about many I have taken in the past, as they took me to misery and pain. I am anxious about the ones I have to take in the future, as they are unknown and may lead to even more pain and sorrow. The one I am on now is the best, as I know exactly where I stand and also know, where it is taking me. I know my love is with me and I have compassion in my heart for all creatures, on this path. I am blessed to feel this passion for life, as it drives me to move faster and seek more. Love is boundless and compassion expands our hearts even more and we attain happiness, when we experience joy in even the smallest of happenings.

As we change so does our life and our path to joy. This path of happiness is so subtle that we have to experience it, to understand the true meaning of life. Many a year has gone by when we did not know what our life was meant to be. Many a day I was lost and many a night I cried that this meaningless life, was better off without me. Pain and suffering surrounded me and all that was dear was forlorn, and all that was near, was just a reminder of my past failures. How could I continue to live and I withdrew into my skin and dared not look, feel, or reach out around me, afraid of human emotion and touch.

Then one day I met a person who had nothing and was happy and laughing at the world. He was ugly, poor, disabled and had no economic future, yet he was happy to meet me and laughed at me, for what I had become. He had known me when I was young and lively and the whole world was within my grasp, and he had been the same. Now I was morose and even though I had everything, he told me I did not value what was given to me. I looked into the twinkle in his eyes and realized I was looking in a mirror of time, and wondered why I would let myself become him.

I learnt a lesson that day and now every day, I walk fearlessly on a new path and find all that my heart desires and more….

“The snake which cannot cast its skin has to die.”- Friedrich Nietzsche

 

The race for the future of humanity

Everywhere I look I see new corporations that did not exist a few decades away leading the charge for the future of humanity. While the middle class in America is very troubled at its shrinking future, there are other areas where America is truly great and continues to flourish and make billion dollar enterprises, with some approaching trillion dollar valuations. The rise of Trump and his denial of climate change, and attempts at reviving coal and fossil fuels,, and the new age successful entrepreneurs embracing green energy and reducing emissions, is a dichotomy approaching loggerheads with each other. People have voted for security as he has fanned their base fears of an existential threat, to our way of life, saying only he can help fix it. The five principles mentioned above by PWC show exponential progress is possible, from our current human condition.

Let us examine the new trends and see if in this time of great change in human existence, to understand if there any hope, for a brighter future. Firstly people in the rust belt are right as the mass secure employment offered by huge assembly lines, and the manufacturing era, is fast vanishing. Automation and robotics are fast replacing manual labor. An example is that the latest steel plant in Germany producing high value products, is run by just 11 people, monitoring all the production on video screens and sensors. The era of the rugged steel worker facing scalding smelting pots, in Andrew Carnegie’s and J P Morgan’s US Steel is now officially over. Machines will carry out the labors repeatedly and with lesser errors, than men and women doing physical labor.

Manufacturing and mining jobs are taking a hit as new systems and machines evolve. The new auto factories have armies of robots doing repetitive tasks, like welding and painting with great precision, 24 hours a day. Machine learning is making the machines ever smarter every day, and they are able to see, feel, adapt and repeat with increased precision and productivity. The glory days of manual human labor is receding and machines are making our lives easier, by doing the work that caused endless repetition and back breaking work, by our fellow beings. We will enjoy the fruits of these advanced machines making products ever faster and more economically; and designers, engineers and visionaries will use the machines to produce products just in time, to meet our needs. Rosy the riveter is now a machine.

Logistics is going through a sea change from what it was, and what it will become. If we go to a modern warehouse we find that increasingly there are no men riding forklifts ferrying pallets and goods, across racked spaces and trying to keep track from memory, where the goods are. Now sophisticated robots store and retrieve goods in huge cavernous spaces, where only sophisticated computers remember where each barcoded or RFD item is stored. Where hundreds worked in labor daily, now a handful monitor and program the arrival and departure of goods. The development of autonomous trucking, will further remove the thousands of drivers, who drive through the night to make a living and keep our stores full. Even the railroads will become autonomous, as trains will move through automated signals and routing, day and night with no human error.

In agriculture there are fewer people on the farms, as the new machines are computerized wonders. A modern farmer can single handed do what took hundreds toiling day and night in the fields in the last century. The seeds are genetically improved – a process going on since the Inca and the Maya’s improved corn, by selectively cross breeding large grasses, into what we know today. Cotton production in India improved substantially as an example, from using the new seeds. Pest resistant, drought resistant varieties help farmers to ensure a good harvest, where previously the weather gods and nature dictated the outcomes of an year’s work. New drip irrigation techniques and fertilizer application optimization, is leading to greener farming, with less run offs and environmental damage. We can fight the change, but it is surely coming, as we will need to feed 7 plus billion humans soon with a more nutritious, healthy and assured diet.

The Service sector is the mainstay of any modern society and the changes here are probably the most visible, to the ordinary man or woman on the street. Communication devices have become smaller, smarter and ubiquitous. The ability to mass produce and ensure communication seamlessly globally, is a modern reality and some of the greatest minds are working tirelessly, to make it even better. Modern banking and the cashless society are becoming a reality. The middle men are being squeezed out of the supply chains and the managing of money and assets as machines do not make mistakes and follow instructions instantaneously. Global trade and services will continue to improve despite all national efforts, to control things at our border, as it is becoming a flat world with economies of productivity going, to the lowest cost producers.

Finally our homes and cities are changing at an increasing pace. iRobots, electronic washing machines, fridges, internet connected lighting systems, are all examples of how small machines, can save the drudgery of housework. The Internet of things is developing faster than imagined and the digitization of society will proceed at a faster pace. Our grandchildren will wonder why we owned cars and drove polluting vehicles in our cities killing thousands in preventable accidents. Even our music and entertainment is now delivered 24 hours a day long as we have a connected device and can watch sitting in our own homes. Meals and produce is going to be delivered on order seamlessly and no physical cash or human interaction will be required as drones deliver to our doorstep. We will order from the likes of Alexa and the bounty of our universe, will come to us. Smart cities will emerge making life easier for our citizens.

Even Financial institutions as we know them with their great bastions of secure banking and physical assets and authentication, are changing fast. Blockchain authentication and digital transactions will be at our fingertips and devices. A visit to the bank for doing a transaction will be unknown to our Grandchildren, as the new financial systems and crypto currency evolve. The thousands of bank tellers and service personnel, will be replaced by machines and sophisticated authentication system. Crony capitalism will stand exposed, as markets and transactions become more transparent, and regulators will shrink in number, replaced by ever vigilant machines and systems.

So to conclude the middle class is in a grave danger of shrinking as the jobs of today, will be gone tomorrow, in huge numbers. Yet I have full faith in humanity and the human spirit, as we are more capable than the machines, which will replace us. We will rise to even a better future for our human race as we will find better things to do, than the drudgery of some of today’s jobs. The five principles outlined above will guide us to a better future, as technology will be a great enabler. I remain optimistic that we can and must do better, for ourselves and our grandchildren. We will have to reskill the workforce to meet the challenges of tomorrow’s humans, and that race is now on in earnest. .

Power will flow to enterprises that embrace automation, reduce internal costs, make better use of advanced devices, design modularity into their products and services, and participate in blockchain-style verification systems.’ By John Sviokly who is a principal and U.S. marketing leader at PwC, where he also works with clients on strategy and innovation. He is the head of the Global Thought Leadership Institute.