Who can disrupt the 90/10 rule
This Vilfredo Pareto's derived concept that 10% of individuals or entities have control of the wealth, resources and influence over the remaining 90% is worth considering. Though we know it can not be exact but we definitely get the story that is tried to be told.
Let's have a glance at the world's population. As of 2021, we were talking about 7.8 billion and currently just two months into the year we are standing at 8.1 billion. We know this analysis is not accurate due to the fact that proper census is not always conducted in the developing countries due to financial constraints. Adding to that, war and insecurity can deter proper data collection, nevertheless, let's just work with this database that is currently visible.
So a 10% from here would mean 8.1 million people are controlling the world's population leaving the remaining at their mercy I guess. Personally, this calculation seems to have enough rich fellas to balance the economy. Each would have to employ just 9 persons. We have seen businesses with thousands of staff, yet a lot still remain unemployed. From here we can ask, are there even up to 10% on this row? Not much of what I wanted to emphasize today yet I guess it could be 1% or even under this amount controlling the world's resources.
Inasmuch as it doesn't mean the remaining 99% or poor, there are people in the middle class life. A friend of mine once told me there is nothing like middle class; it's either you are poor or rich. Funny, yet there are some facts to back this; the ability to have more than enough that you can give others is true wealth. That's where the one percent are hanging but what is missing here is that 'most don't give others', they prefer the hoarding. Not that I am a fan of over dependence, laziness or begging.
What I want to point out here is that there are a lot of smart up coming entrepreneur and economy movers who would have made a lot of impact on the economy yet are not opportuned to, why? The 1% we have come to assumption influences the business cycle. Why do you think the world economy still struggles? As there may be several factors, the 90/10 rule plays a huge role. Until wealth becomes open source, the world economy can not do much in this current state. There is much greed in the 10% which we have analyzed to have a size of just 1%. So it boils down to who can disrupt? Or should I say what?
Most of the time we belittle technology although we have seen it continuously disrupt several sectors for a better society. You can stay in one country and put a call through as if its nothing. There were times you would have to wait till festive seasons; a once in a while moment to see and speak with loved ones. Cars and trains came in for transportation and air planes have even been far more spectacular. We have seen several development in the health sector with diseases that were once incurable bowing out, thanks to this same technology. I feel it has moved into another sector for a positive disruption yet we currently seem to care less.
source
blockchain tech has potential to disrupt the 90/10 rules if properly adopted. Beyond finance, it ventures deeply into resource allocation and control. It has proven to be an open source business platform that can move the world's economy. I know power may never be evenly distributed in the world system, yet blockchain can curb the overdose. That wise saying that absolute power corrupts absolutely has produced lots of wrong result and has proven to be true. The world economy when run by just a handful of individuals will continue to be a 'no go area' for newcomers. Our economy is gradually dying with solutions at the corner.
It takes the people for 'the what' to manifest
If we just feel this tech is just a toy tool in a modern era like this, then we've got it all wrong. Greed is humanly, we have seen corporations pay individuals little for much. This area is one sector that needs proper handling. You may feel you have heard this story several times yet it's better to act on it and applause next time you read through. We need to sensitize the masses on the importance of blockchain tech. I am not focusing on cryptocurrency here although it part of the entire process. A touch of decentralization can ease the current world pressure. Shifting this 90/10 rule is very mandatory as we speak, suffering in a modern world is a high degree of technological ignorance from my point of view.
To conclude, let me add, there is a need to understand that things emerge for a time and for a purpose. As technology continues to advance we don't need to give deaf ears especially to the solution in which it has to offer. If something much better will replace this tech in the near future it will have to wait its turn. The rumors of its negative impact is a part time story if you fail to realize it can add more than it takes. This era needs more humanitarian control and support or we may run into a global inconvenience outburst, who knows what may follow next.
Posted Using InLeo Alpha