We’re witnessing the collapse of the old industrial economy, weighed down by mounting debt, pension obligations, and healthcare costs, while liabilities continue to grow unchecked.

After many years of kicking the can on numerous environmental and economic imbalances, we have entered the endgame on the industrial economy (Global 2.0) while experiencing the birth and explosive growth in the postindustrial industries (Global 3.0). The one thing that is not deflating in the industrial economy is liabilities. Debt. Pension fund obligations. Health care obligations. Rich with reinvestment, Global 3.0 does not share any of these concerns. Fueled by equity and me too youthful talent, it is engineering and applying new, dazzling technologies.