top | item 29872926

(no title)

Andy_G11 | 4 years ago

Climate change and associated socio-economic / political upheaval, ICE vs EVs, pandemics, and space colonisation are some of the headline points I picked up on in the article. But there are so many other things going on, too:

1. The aging population in many societies with the associated adjustment of services in some economies including medical and care homes, perhaps also reduced economic growth rates and strain on savings and pensions. Rise of the robo-attendant? Increased 'retirement estate' mode of living? 2. Medical advances to deal with age-related disease (telomere studies, stem cells, advances in treatment of alzheimers, cancer, arthritis, deterioration of eyesight, hearing and teeth, new prosthetics etc). 3. Increased wealth concentration - a natural outcome of capital accruing a faster rate of return than labour (see Piketty), and associated with reduced per capita and overall productivity. How to preserve high standards of living for the wealthy and increase the standards of living for the less well off whilst dealing with the tensions with the potential to turn this into a zero sum game. 4. Technological advances which may increase productivity, including AI and robotic process automation. Perhaps further labour shedding associated with the increasing automation of 'thought' and 'creativity' (i.e. brought under the remit of capital).

And of course a raft of other things... Plenty of opportunity and risk ahead.

discuss

order

No comments yet.