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GEAB 148

The monthly bulletin of LEAP (European Laboratory of Political Anticipation) - 15 Oct 2020

New-Tech – U-Turn!

Back to reality all round. And if there is one area that has been seized by acute “virtualisation” in the last decade, it is technology companies. They have found themselves at the heart of a collective fantasy of the transmuting human being into bits and digits. Without calling into question the strong trend to digitalise human society, we anticipate big surprises on this front in the coming months.

GAFAM+T – Six companies systemic to a 2021 crash?

To set the scene, let’s remember that these six companies alone represent 50% of the NASDAQ stock![1] We’re talking, of course, about Google/Alphabet, Amazon, Facebook, Apple and Microsoft + TESLA.

Saying that these companies are systemic to an even greater degree than the big banks were in 2008 won’t raise any eyebrows. Therefore, rather than assuming that these so-called innovative companies will reign for centuries to come, it is important to ask ourselves what surprises might be in store for this sector. The consequences of a ‘GAFA accident’ would be dramatic enough to stop us in our tracks… especially in this period of great change. And we are certainly not the only ones to look into this theory.[2]

As everyone knows, the Big Techs benefited hugely from the lockdown period.

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Contents

For 12 years, the West has been struggling to understand the message of the 2008 crisis: "You are no longer the only ones on the planet!” The dollar, international organisations [...]

Remember! Back in 2017 we anticipated that Saudi Arabia would soon be selling its oil in yuan? This was a highly provocative hypothesis at the time, since the country was [...]

Everyone knows that democracy in general is sick. Nevertheless, the West continues to base the legitimacy of its world ‘leadership’ on this supposed civilisational superiority. In the 1990s, the wars [...]

The United Kingdom has not been in the EU since January 2020. As a result, it has been cut off from access to the European GPS system, Galileo, which it [...]

In a period of uncertainty and with the morose predictions that have constantly plagued it over the last ten years, the European car industry has undoubtedly taken advantage of the [...]

For the last 20 years, the international prices of many commodities have been set within a framework of globally recognised futures and spot contracts. Today, as many contracts detach from [...]

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