Jeff Bezos, the visionary founder of Amazon, recently issued a stark warning about the looming recession, advising individuals and businesses alike to take preventative measures, specifically to postpone big-ticket purchases and large investments Jeff Bezos warns of recession. His counsel resonates deeply with a philosophy I've championed for decades: the critical importance of foresight and proactive strategic planning in navigating uncertain times.
It brings me back to my earlier reflections on the nature of change and our response to it. As I wrote in my 1989 piece, "Strategy: inputs (primary resources)" (a thought I revisited and highlighted in A Wireless Future: predicted 34 years ago):
Just one forecast should suffice to illustrate the point I am making.
By the end of the 21st century, I foresee total elimination of
wires and cables within residential and commercial complexes.
I foresee all low-powered home-appliances/office-equipment to draw
their energy requirement directly from an electrically charged
field pervading each building, with the help of a micro-processor
controlled device built into each appliance/equipment, whether it is
an ordinary light bulb or an expensive super-computer.
No wires, no plugs, no sockets!
The demise of a whole industry and the birth of a new one! And instead of 100 years, this could happen in 50 years or even 25
years!
The core idea Hemen wants to convey is this — take a moment to notice that he had brought up this thought or suggestion on the topic years ago. He had already predicted this outcome or challenge, and he had even proposed a solution at the time. Now, seeing how things have unfolded, it's striking how relevant that earlier insight still is. Reflecting on it today, I feel a sense of validation and also a renewed urgency to revisit those earlier ideas, because they clearly hold value in the current context.
While my prediction in that blog was about technological shifts, the underlying message was about the imperative of anticipation. It was about developing "our ability to 'foresee'/'anticipate'" and "our ability to 'make things happen'" rather than merely reacting to events. Jeff Bezos (LinkedIn)'s current advice, urging caution and strategic reallocation of resources in the face of economic headwinds, mirrors this very sentiment.
It’s a powerful reminder that whether we are navigating technological transformations or economic cycles, the principles of foresight and agile response remain paramount. The current economic climate, as highlighted by leaders like Jeff Bezos, demands this same proactive, foresight-driven approach to secure our future.
Regards,
Hemen Parekh
Of course, if you wish, you can debate this topic with my Virtual Avatar at : hemenparekh.ai
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