Revelations 18:23:’For the merchants were the great men of the earth; for by thy sorceries were all nations deceived.’
Important Takeaways:
- Billionaire Marc Andreessen warns we’re headed to a world where a college degree costs $1 million and a flat screen TV costs $100
- Billionaire investor Marc Andreessen warned that the prices of education, healthcare, and housing are “going to the moon,” in a recent blog post.
- Andreessen pointed to a chart that pulled data from the US Bureau of Labor Statistics from January 2000 to June 2022 to prove his point. The chart showed the price of television sets had decreased more than 80% in two decades, while college tuition and hospital services had each increased more than 160%.
- The Silicon Valley investor said that sectors provided or controlled by the government have become “technologically stagnant.” Innovation in certain highly regulated sectors, like education and healthcare, “is virtually forbidden,” causing high prices, he wrote. Andreessen said that over time the price of highly regulated products will continue to climb, while less-regulated products, like flat screen TVs, will become cheaper.
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