Economic emancipation happens when capital begins to pursue talent to accelerate efficiencies in the factors of production and human welfare through fixing market frictions at scale. Nnamdi posited that capitalism is shifting to talentism while Francis noted that in the developing world, still tethered in amalgam of paralyses, it is talent that is pursuing capital. Africa needs to deepen capabilities to reverse the trajectory because unless capital can begin to pursue talent, nothing will happen.
Yes, we will simply remain an inventive society with lots of ideas but limited products or services. But when capital pursues talent, you begin to see the evolution of an innovation society which produces products and services, fixing frictions and uplifting citizens.
1. Register for Tekedia Mini-MBA here (Aug 10 - Dec 3). Four months, online, and costs $140 or N50,000 naira. We also have Certificate courses on logistics, startups, career dev, etc.
2. Read my new book, The Dangote System: Techniques for Building Conglomerates.