Daniel Priestley

We only have one thing left. We have our muscles, which we got rid of in the industrial revolution. And then we have our intellect, which is this digital revolution. Now we're left with emotions and agency. So we essentially, the agency idea, I think we used to judge people on IQ and now IQ is the big leveler. And now going forward for the next 10 years,

We're going to look at are you a high agency person or a low agency person? Do you have the ability to get things done and coordinate agents? Do you have the ability to start businesses or give orders to digital armies?

We're going to look at are you a high agency person or a low agency person? Do you have the ability to get things done and coordinate agents? Do you have the ability to start businesses or give orders to digital armies?

And essentially these high agency people are going to thrive in this new world because they have this other thing that's been bubbling under the surface which is really interesting.

And essentially these high agency people are going to thrive in this new world because they have this other thing that's been bubbling under the surface which is really interesting.

And it also did actually happen. There was a, for the first 50 years of industrialisation from like late 1700s to early 1800s, you actually, the Charles Dickens novels are essentially people coming from the farms who were displaced and arriving in cities, kids living on the streets. The British decided to pick everyone up and send them over to Australia, which is where I came from.

And it also did actually happen. There was a, for the first 50 years of industrialisation from like late 1700s to early 1800s, you actually, the Charles Dickens novels are essentially people coming from the farms who were displaced and arriving in cities, kids living on the streets. The British decided to pick everyone up and send them over to Australia, which is where I came from.

And, you know, there was this massive issue of displacement. I think we're going to go into a high velocity economy where rather than this long arc of career that lasts 45 years, we're going to have these very fast careers that last 10 months to 36 months. And you invent something, you take it to market, you put together a team of five to 10 people who work together, you then get disrupted.

And, you know, there was this massive issue of displacement. I think we're going to go into a high velocity economy where rather than this long arc of career that lasts 45 years, we're going to have these very fast careers that last 10 months to 36 months. And you invent something, you take it to market, you put together a team of five to 10 people who work together, you then get disrupted.

Stephen, you used the word moat, which I think is a really important word for entrepreneurs. We like, we like have to have a moat. We think a lot about moats and it's an industrial age. A lot of people don't even know what a moat, what you mean by moat. It's just the thing. I often think about this idea of what are the moats that are left.

Stephen, you used the word moat, which I think is a really important word for entrepreneurs. We like, we like have to have a moat. We think a lot about moats and it's an industrial age. A lot of people don't even know what a moat, what you mean by moat. It's just the thing. I often think about this idea of what are the moats that are left.

And historically, if we look at all of the last 10,000 years, it's a very small number of elites who own absolutely everything and a very large number of serfs and peasants who have a subsistence living.

And historically, if we look at all of the last 10,000 years, it's a very small number of elites who own absolutely everything and a very large number of serfs and peasants who have a subsistence living.

It's really important to know that a lot of the jobs that are at risk are the most high status, highly paid jobs in the world. Let's take the highest paid job in America, which is an anesthesiologist. this is the highest paid job. Highest paid salary job. Salary job, yeah.

It's really important to know that a lot of the jobs that are at risk are the most high status, highly paid jobs in the world. Let's take the highest paid job in America, which is an anesthesiologist. this is the highest paid job. Highest paid salary job. Salary job, yeah.

And the majority of that job is observing a patient, knowing which type of medication would work best with their body, giving them the exact right amount, monitoring the impact of that on the body, and then making slight adjustments. The right technology... And any nurse will be able to do that job. And you might have one anesthesiologist on site supervising 10, 20, 30, 40 wards.

And the majority of that job is observing a patient, knowing which type of medication would work best with their body, giving them the exact right amount, monitoring the impact of that on the body, and then making slight adjustments. The right technology... And any nurse will be able to do that job. And you might have one anesthesiologist on site supervising 10, 20, 30, 40 wards.

And the technology is doing the job, but that one person is there just to kind of supervise if something went wrong or if there was an ethical dilemma.

And the technology is doing the job, but that one person is there just to kind of supervise if something went wrong or if there was an ethical dilemma.

There's nothing wrong with that except for the fact that a lot of people, hundreds of thousands of people have spent their entire life training to be that. They get an enormous amount of purpose and satisfaction about the fact that that's their career, that's their job. They have mortgages, they have houses, they have status, and that's about to go away.