Healthcare will be the most disruptive sector in history, what’s about to happen to healthcare in the next two years in the United States. – Professor Scott Galloway, NYU Stern School of Business
Michael Smerconish‘s opening segment in last Saturday’s show is a must view, folks.
It also parrots what Carol K. has been pounding the table about and beating into me over the past year. The COVID crisis has accelerated the trends, both good and bad, and the tech disruption party is just getting started.
Amazon took 25 years to get to half a million employees. It’s now — it’s added half a million in 12 months.
Apple took 42 years to get to $1 trillion in market capitalization. It went from $1 trillion to $2 trillion in just 20 weeks. Take any trend in society and in the business sector, take it out 10 years and chances are we’re there right now. This has literally reached into the future and pulled it — pulled it forward for us, both good and bad. — Prof. Scott Galloway
Anti-Trust Is Coming
The following data is stunning – 82 percent of U.S. households are Amazon Prime Members. That is incredible market power.
I personally think Jeff Bezos, who’s the smartest business person in the world will likely spin AWS prophylactically and my prediction, Michael, is that in the year 2025, the most valuable company in the world will be a recently spun, independent AWS.
The largest most profitable cloud company in the world would have — would be a stock that everyone would own. The most profitable — most valuable company in the world, 2025, Amazon to try and prophylactically stave off antitrust, but antitrust is coming, Michael. – Prof. Galloway
Hope you can view the video in its entirety but if pressed for time go to 2:06 minutes in to catch Smerconish’s interview with Professor Scott Galloway of the NYU Stern School of Business.
It’s no accident Amazon just flipped on their pill pack acquisition and you can now speak to an Amazon pharmacist 24 by 7. We’re going to see, for the first time potentially, healthcare costs come tracking down or crashing down.
I think Amazon’s going to be the fastest-growing healthcare company in the world within two to three years and we’re going to see maybe the potential to get off our heels and play defense around healthcare and go onto our toes and have a level of primary care delivered in the home which potentially or ideally could lower costs and dramatically expand affordability. – Prof. Galloway
If we do implement anti-trust laws against Amazon, it would stand to reason the same should be considered for the mega tech companies FANG. But first we need to learn the lessons of what happened when we broke up Ma Bell intro the Baby Bells. A lot a water has passed under the bridge since then, but as the George Santayana quote goes…those who don’t learn the mistakes of the past are doomed to reappear them.