Competition

It has been said that competition brings out the best in each of us.

If you apply it to sports you can see how as teams became more competitive, the product delivered on the field improves as each team fights to win. This fight, however costs much more money and only those teams with the financial wherewithal can compete.

What about competition in business? Finances hold the key in business also. As competition expands to countries, other forms of financial strength are needed. Look at Saudi Arabia and their move into professional golf with LIV. They are backed by a sovereign wealth fund that offered golfers millions and millions of dollars to leave the PGA and join the LIV tournament.

It’s extremely difficult to compete against the sovereign wealth funds of competing countries. Now, the US is considering having their own Sovereign Wealth Fund to compete for dominance in the new industries of AI, Nano technology, Quantum computing, and other industries of the future.

Similar to forming combined groups like NATO, countries will align with others to create their own consortium as a means of competing on a worldwide stage.

It’s a race that is growing rapidly.