This is possibly the scariest non-fiction book I've ever read. Martin Ford's The Rise of the Robots: Technology and the Threat of Mass Unemployment (2015) won the FT-McKinsey & Company Business Book of the Year 2015 Award (until 2013 called the FT-Goldman Sachs Business Book of the Year Award). It talks of how businesses are automating jobs right, left and centre causing unemployment in the millions.
Sunday, 23 October 2016
Wednesday, 5 October 2016
SURVIVING THE FUTURE - REVIEW OF ROBERT T KIYOSAKI'S "SECOND CHANCE"
In Second Chance: For Your Money, Your Life and Our World (2015), Robert T Kiyosaki of Rich Dad, Poor Dad (1997) fame takes a look at how the world has changed after the 2008 crisis.
Kiyosaki reiterates what he has consistently stated in all of his other books: the rich do not work for money, they work to build assets that yield cash flows that endure whether they continue to work or not. In Rich Dad, Poor Dad , Kiyosaki had made some controversial claims: "Your house is not an asset" and "Savers are losers". These claims got validated when the housing market collapsed in the US in the Great Recession and the Fed responded by slashing interest rates to zero.
Kiyosaki reiterates what he has consistently stated in all of his other books: the rich do not work for money, they work to build assets that yield cash flows that endure whether they continue to work or not. In Rich Dad, Poor Dad , Kiyosaki had made some controversial claims: "Your house is not an asset" and "Savers are losers". These claims got validated when the housing market collapsed in the US in the Great Recession and the Fed responded by slashing interest rates to zero.
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