20/20 vision

Of unicorns, storks and embracing the joy of missing out

From climate change to smartphone addiction, fake news to the workplace revolution, ST writers lay out the new decade’s challenges and their hopes and wishes

I hate to drive and used to embrace ride-hailing apps, even contemplating selling my car. No longer.

Now I worry about the Internet economy's preoccupation with chasing unicorns - start-ups valued at over US$1 billion (S$1.35 billion) - like mobile taxi app Uber, pumping them full of borrowed money, enabling them to undercut market rates, monopolise key industries, then jack prices back up.

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A version of this article appeared in the print edition of The Sunday Times on January 12, 2020, with the headline 'Of unicorns, storks and embracing the joy of missing out'. Subscribe