US Election 2016: What an expat VC learned from it

Technology has not only changed the world, but it has changed how fast the world changes, reports Tech in Asia

The promises we were sold have turned out to be empty, and it’s not really anyone’s fault, either. It just is. Sure, we can try to put it all back together again. But even if that were possible, it still wouldn’t work. Why? One word: technology.

Technology has not only changed the world, but it has changed how fast the world changes. And they’re changing faster than ever before.

The concept of the ‘antifragile’

Fragility is when you break something, and you cannot repair it.

Antifragility, is when you break something, and it returns to an even better state, more powerful and stronger than before.

What have we learned?

Technology has forever changed how individuals make decisions

We used to live in a world where information was difficult to access.

Now, we get our information from the internet. We have become infinite information consumers and producers.

As a result, our grip on the truth is loosening. Our willingness to hear arguments counter to our own beliefs and our strength to overcome our own biases are diminishing.

The systems that have kept our world stable have not gotten the memo

The key systems and infrastructure which shape our lives were all created in a time before technology existed.

It is up to us to rebuild those systems in a way that will last.

This brings us back to the concept of antifragility. We can’t simply repair our broken systems and aim for resilience. The only option is to imagine and rebuild the world on a foundation that gains from change and, as a result, actually gets stronger over time.
This is an excerpt from Tech in Asia. You can read the full article here