About one century ago, as world was coming out of world war 1 and devastating spanish flu pandemic new decade unleashed wave of prosperity with new technologies as well as major social changes in western world. That's why the decade is nicknamed as "Roarin's 20s". Following technologies changed the world forever and they still dominate our lives even 100 years later
- Autos
- Television/Radio/Movies
- Aviation
- Medicine
- Expanded infrastructure with electrification of grid, telephone networks and urbanization
There were also major social and culture changes such as Suffrage, Jazz, Liberalism and many others marked the decade.
100 years later, world is getting ready to come out of another devastating COVID pandemic and trade war between two major nations. Thanks to combination of fiscal and monetary stimulus totaling over 25 trillion $ worldwide, world economies are going to see growth not seen for multiple decades. This decade could unleash following
- Mass adoption of Electric automobiles
- Worldwide adoption of entertainment and sports streaming
- Cloud, AI and ML
- Gene therapy, personalized medicines and hopefully cancer vaccine and cure/treatment for Alzheimer
- Fintech revolution and new crypto-"currencies"
- World is a one big "village" - talent can be anywhere and can work from anywhere
- Flex workweek where going to office would be optional
- Everything is connected (and possibly everyone/everything is monitored like George Orwell's 1984)
All of these combined have potential to unleash new Roaring 20s. I just hope that all of us and our leaders learned the lesson from mistakes which led to 1930's depression and 2nd world war. Hopefully world would be much wiser this time and focus on reducing income in-equality and racism, avoiding deadly conflicts, and much better readiness for next pandemic. And most importantly this decade would decide if mankind is serious about Global Warming and avoid catastrophic effects!
/Shyam
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