"Learn. Learn. Learn. The greatest competitive advantage for an entrepreneur is knowledge."

- Mark Cuban, billionaire, Shark Tank

"Learn. Learn. Learn. The greatest competitive advantage for an entrepreneur is knowledge."

- Mark Cuban, billionaire, Shark Tankright

Yes, we are in the midst of a New Wealth Revolution.

Economic Revolutions happen when a multiplier is introduced into the equation.  Because of the multiplier, increased wealth becomes available.

Each revolution had a very specific multiplier that created the revolution.

In the Agricultural Age, animals were the great multiplier.  In the Industrial Age, machines were the great multiplier.  Now, in the Third Economic Revolution–the Information Age–Knowledge is the great multiplier.

The First Economic Revolution:  Animals as Multipliers

The cool breeze blew in from the hot Nevada desert as the townspeople gathered for the hanging.  Caught by Pinkerton detectives, Remus Reid was convicted as a horse thief and hanged in 1889.

If that seems like a steep penalty, you simply don’t understand the essential nature of a horse to an agricultural family.  They could no longer round up their livestock, hunt for food, get to town for supplies, or reach their neighbor in an emergency. Stealing someone’s ability to make a living was a serious offense.  Reid had stolen the Multiplier of the first economic revolution in the Agricultural Age.

 

The first economic revolution, the Agricultural Age, has been around since the beginning.  Almost everyone made their living from the land—whether you were suitable for it or not.  Life was simpler, but the price was less opportunity.

In an agrarian society, animals were the first great multiplier.  As David Patterson says, “The ox was the work animal of the ancient world. Smart farmers who had a team of oxen took good care of them. They understood that if the oxen were properly fed and cared for, they would be able to plow more land http://bit.ly/1MIPDXdin a day. They would be able to drive a grinding wheel longer in a day because it was through the ox’s strength that the strength of the farmer was multiplied.

In an effort to expand people’s economic options today, World Vision still supplies “multipliers” to families who make a living from the land.  Ducks, chickens, goats, sheep (and yes, oxen) are given through donations to needy families throughout the world.

For many, the animal is still the great Multiplier.

 

The Second Economic Revolution:  Machines as Multiplier

 

 

 

 

 

 

The Third Economic Revolution:  Knowledge as Multiplier

 

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