The rippling effects of the failure of automobile manufactures, banks, insurance companies and wall street is indicative of a systemic failure in ideals, ideas and innovation. The old economic models of business has not only shifted by have done so at speeds that are disrupting everything at the click of a mouse.
When simultaneous disruption happens across multiple industries the fabric of past economic models collapse. Old economic models have been based on beliefs formed by past market experiences and conditions that were predictable. Today markets are changing rapidly and the emergence of mass communications is fueling new ideals, ideas and a new economy. The only thing that is predictable is that things will change faster than you’ve ever previously experienced.
