Thursday, December 8, 2016

Stephen Hawkins says, "This is the most dangerous time for our planet!"

Change is necessary to avoid revolutions of the kind experienced in both China and Egypt, the conditions of severe economic inequality and lack of opportunity for a decent life that i was able to witness first hand shortly before their uprisings.
Brexit and Trump's election, along with massive job losses via robotics, are early signs that revolution is near, something i have been writing about on this site since 2006.
Massive change in our thinking of how we cope with precarious part time, contract, and casual work, job losses due to technology, and in fairer sharing of the wealth and opportunity in our society is necessary to avoid revolution, rebellion, and impending gloom.

Wednesday, December 7, 2016

The Next Technology Revolution Will Drive Abundance And Income Disparity

The new technology revolution will result in dramatically increasing productivity and abundance but the process of getting there raises all sorts of questions about the changing nature of work and the likely increase in income disparity.

With less need for human labor and judgment, labor will be devalued relative to capital and even more so relative to ideas and machine learning technology. 

In an era of abundance and increasing income disparity, we will need a new version of capitalism that is focused on more than just efficient production but one that also places greater prioritization on the less desirable side effects of capitalism---such as a fair distribution of the riches of the economy in light of few jobs.

Read what Vinad Khosla, Co-founder of Sun Microsystems, says about this!