We celebrate a GDP figure of better than two percent like it’s 10 or 20 percent today. The mainstream companies that fuelled economic growth, like GE, Exxon, and the banks, are still profitable, but compared with the tech giants like FAANG (Facebook-Apple-Amazon-Netflix-Google) and BAT (Baidu-Alibaba-Tencent), they aren’t going to see results like they had in the 1980s ever again. Underpinning this are a few major macro trends:
