I’ll add a little context by way of political economy, and say that the world (a)first organized by household and slaves in the agrarian era by kinship relations, then (b) organized militarily and monarchally for the unskilled for the seasonal production cycle with extended relations, (c) then industrially and socialistically for the semi-skilled medium term production cycle of heavy capital and long term medium term relationships between firms, and is (d) currently organizing entrepreneurially and social democratically for the educated ‘discretionary worker’ for short term production cycles, highly distributed capital, and temporary networks of firms wherever it can do so.

But meanwhile (a) labor was never of much value in contrast to organizing production, and is of still declining value (b) marginal difference in firms was created by capital, and is now created by talent and creativity, (c) the duration of organizations (firms) has continued to decline along with the duration of networks of production. (d) Those countries playing catch-up will not sustain their growth because (e) institutions (trust and corruption) prevent them from doing so. So good institutions are less valuable than not having bad institutions. Worse, it appears that (f) good genetic capital is not as important as not having bad genetic capital. As France is illustrating, you can reverse the Flynn effect (benefit from transitioning from many individual rules to few simple general scientific principles of universal applicability).

We are engaged in the third world war at present, and it has no sign of improvement. And neither temporary networks of production nor the governments that facilitate may be able to survive the combination of a third world war, a slowing of growth, and a continued expansion of population of the underclasses for whom gainful labor is decreasingly available.

Not trying to rain on your parade, but the reverse side of the coin is just as frightening as the obverse is inspiring.