According to Yale professor Richard Foster, in the 1920s the average life span of an S&P 500 company was sixty-seven years.14 Not anymore. Today the … - Peter Diamandis

sixty-seven years.14 Not anymore. Today the final three Ds in our chain reaction can disassemble companies and disrupt industries almost overnight, reducing the average life span of a twenty-first-century S&P 500 company to only fifteen years. Ten years from now, according to research done at the Babson School of Business, more than 40 percent of today’s top companies will no longer

The adjacent possible” is theoretical biologist Stuart Kauffman’s wonderful term for all the myriad paths unlocked by every novel discovery, the multitude of universes hidden inside something as simple as an idea. 27 Abundance is one of those simple ideas. Its time has come.

Take the New York–based Lemonade, arguably the best funded of today's crowdsurance startups. Via an app, Lemonade brings together small groups of policyholders who pay premiums into a central "claim pool." Artificial intelligence does the rest. The entire experience is mobile, simple, and fast. Ninety seconds to get insured, three minutes to get a claim paid, and zero paperwork. Adding more technology to this arrangement, companies like the Swiss firm Etherisc sell "bespoke insurance products" on the Ethereum blockchain. Because smart contracts remove the need for employees, paperwork, and all the rest, all sorts of new insurance products are being created. Etherisc's first offering is something not covered by traditional insurers: flight delays and cancellations. Individuals sign up via credit card, and if their plane is more than forty-five minutes late, they're paid instantly, automatically, and without the need for any paperwork.

Three boys are desirable because one will probably die, while the second will stay home to tend the farm, providing for parents as they age as well as making enough money to send the third child to school so that he can get a better job and end this cycle.