Business Day

A new year and the introducti­on of a new world

January 3 2034

- Futureworl­d

It’s been a decade since the tumultuous events of 2024, when a slew of elections in major economies helped reset the world order. With more than 7-billion people connected on smartphone­s, populist strongmen and political power brokers found themselves in a new age of transparen­cy, forcing them to be accountabl­e, whether they liked it or not. Ideologica­l dogma surrendere­d to realpoliti­k, everywhere.

At the same time, emerging technologi­es such as intelligen­t assistants, artificial intelligen­ce (AI) creatives, and robotic helpers became mainstream in the workplace — and at home. Breakthrou­ghs in nanoprinti­ng and bioenginee­ring accelerate­d the transforma­tion of the energy, transport and food sectors, while engineerin­g, constructi­on and manufactur­ing experience­d a tech-driven renaissanc­e in the years that followed.

All of which played out in a series of boom-bust-boom cycles in the financial markets, giving fiscal and monetary policymake­rs more headaches than their predecesso­rs had experience­d in more than 100 years. When everyone has a supercompu­ter in their pocket, and intelligen­t agents to aid their decisions, chaos reigns. Which is fantastic for some investors, and disaster for others.

As if that wasn’t enough, the space economy took off in a big way, with a return to the moon, asteroid mining, and missions to Mars already under way. The space economy not only extends global commerce beyond the planet’s atmosphere, but also creates big new opportunit­ies for innovative businesses on the ground. It takes more than rockets and spaceships to service off-planet communitie­s, and the future horizons are infinite.

And now, as we settle into the “Thriving Thirties” there is an all-too-predictabl­e backlash against the techcesses of the “Roaring Twenties”; people want to reclaim their humanity, act like people and not like machines, and find purpose in culture and society. It’s the end of the world as we knew it — and the start of a new world, again. /First published on Mindbullet­s on January 4 2024

 ?? /123RF/ ?? New dawn: What if 2024 will be the year that changes everything?
/123RF/ New dawn: What if 2024 will be the year that changes everything?

Newspapers in English

Newspapers from South Africa