Why is there a Recession?

Some folks believe corporate mismanagement, greed, a global economy, war, terrorism and/or government irresponsibility have all led to the global recession that we’re experiencing. Maybe. I believe all of these could be symptoms… or perhaps queues that were missed by some of the greatest business minds in the world.

I think the recession is the climax of change brought about by the rapid progress and growth in technology. Four year degrees are too slow, manufacturing jobs are automated, and information accessibility is causing one of the biggest global disruptions in wealth and entrepreneurship the world has ever seen.

Does that mean all hope is lost? No! But it does mean that a portion of the world has shifted into another gear – leaving a lot of others behind. Those in the lead are not necessarily the wealthy or the educated… they are the entrepreneur, the adapter, the thinker, and the idea maker.

This is history repeating itself, but at an exponential scale that we’ve never seen before. Hang on tight, react quickly, do more…this is going to be a bumpy ride.