Cisco CEO: 40% Of Companies Will Be Dead In 10 Years

[Webster]

(Reddit) Cisco CEO: 40% Of Companies Will Be Dead In 10 Years

If this prediction turns out to be true and we extend it into 20 years, then, we can say that 70% of companies will be dead in 20 years.

How is it then realistic to think that automatization and digitalization will create more jobs than those that will be destroyed? This trend will inevitably lead up to mass unemployment and consequently civil unrest and uprising.

Automatization by definition leads to accumulation of capital in the hands that already own said capital and therefore in inequality.

The movie Elysium is a good example of the future that automatization will create. Rich people living in guarded communities protected by their own private armies. Heck, this is how the rich live in countries such as Brazil and Mexico. (Reddit user Mike BR)

-More info: http://www.businessinsider.com/chambers-40-of-companies-are-dying-2015-6
...thoughts?

 

[Evil Eye]

Think about all the stupid start-ups people start, then try to imagine them surviving for 10 years. I don't think there's anything particularly strange or upsetting about 40% of companies not surviving that long.

 

[Nebulous's iconNebulous]

Makes sense to me.

 

[Webster]

Makes sense to me.

Businesses come & go, Nebulous...this doesn't surprise me.