Capitalism

The new data capitalism

Illustration: Aïda Amer/Axios

Around the world, companies big and small are feverishly plotting our future lifestyle — smart cities, driverless vehicles, wearable technology, internet-connected everything at home, and more, all of them activated by our voices and thoughts.

What's happening: For almost two decades, a tiny handful of companies — Google, Facebook, Microsoft, and China's Alibaba and Tencent — have sought to know every possible thing, public and private, in real time, about you and every other reachable individual on the planet — where they go, what they do, say, and feel.

A big problem at 2019's Milken Conference: There's too much cash

One big takeaway from this year's Milken conference: attendees were obsessing about the outsized cash environment.

Why it matters: Too much cash is never a bad thing, but it's disrupting norms.