Funny how technology is changing the world and the dynamics of economics.
They told us that we need: LAND, LABOUR, AND CAPITAL to create wealth, well technology is disrupting all of that.
1. WHO IS THE HIGHEST EMPLOYER OF DRIVERS IN THE WORLD TODAY? Answer UBER. Meanwhile they don’t own any of the cars and all their drivers are independent.
The market capitalization of UBER is 40 BILLION US DOLLARS.
2. WHO IS THE BIGGEST LODGING COMPANY? Answer AIRBNB. It’s a website for people to rent out lodging in their houses. The market capitalization of AIRBNBis 20 billion dollars. And guess what, they don’t own any of the houses, in fact their office in America is rented.
3. WHO IS THE BIGGEST VENTURE CAPITALIST TODAY? Answer KICKSTARTER. It’s a global crowd funding platform with a mission to help bring creative projects to life.
My submission is that with knowledge, the grace of God and a sound business model you don’t need to own: Land, labour, and even capital in a lot of cases to create wealth.
Linda ikeji has proved with her super successful blog.
CREATE A GREAT DAY