When local currency collapses, companies in places like Venezuela must shift focus from core operations to creatively exporting anything possible (like salt or pallets) just to secure hard currency for essential imports like spare parts.

China's narrative of national success is contradicted by a significant diaspora of its citizens—from millionaires and creatives to ordinary workers. This flight of human capital seeking stability and freedom abroad signals a fundamental precariousness within the authoritarian system that pure economic growth cannot solve.

The global talent pool isn't just for junior roles. Companies can gain a significant competitive advantage by hiring senior executive talent from international markets like South Africa or Colombia. This provides access to highly qualified, experienced leaders at a fraction of US salaries.

In places like Venezuela, a multinational's office becomes a sanctuary with reliable power and communications. The commute is a dangerous journey between secured corporate compounds and gated residential communities, highlighting the stark contrast with failing public infrastructure.

The immense salaries in software and finance may create a 'talent Dutch disease,' pulling the brightest minds from crucial fields like structural engineering. This reallocation of human capital could explain why productivity has stagnated or declined in industries that build the physical world.

The shift to remote work unlocked a global talent pool. For specialized roles, the advantage of hiring the best possible person, regardless of location, is far greater than the benefits of in-person collaboration. The leadership challenge shifts from managing location to enabling distributed top-tier talent.

When entering challenging markets, large Western companies often operate in proximity. This creates a de facto ecosystem where participants share similar operational norms and contractual expectations, reducing friction and risk for all involved.

The ability for Venezuelans to flee crises has diminished. Neighboring countries are less welcoming and the remaining population is often too impoverished to emigrate. This removes a key pressure release valve, intensifying future domestic instability.

Layoffs at a leading AI company like Meta are not just a negative signal. They function as a healthy redistribution of talent. Engineers who don't meet Meta's extremely high bar are still elite performers who get quickly absorbed by other companies, accelerating innovation across the broader tech ecosystem.