Clip

Winners and Losers in the Tech Industry
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32:09 - 34:24 (02:15)

The increasing use of information technology will move most industries towards a "winner takes all" system, with few winners at every scale, leading to a concentration of wealth among individuals and firms. However, the negative side effect of people rejecting modernity and subscribing to different belief systems worries the speaker, as it may result in certain countries falling behind in the race of modernization.

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