Depositphotos enhanced by CogWorld

Introduction

Today, we are no longer confined to what nature or natural intelligence must offer. From the steam engine to electricity and digital transformations to artificial intelligence, molecular manufacturing and bioengineering, each new transformative innovation has brought us a new (man-made) way of doing things in ways that nature did not provide for.

As new ways of manufacturing and production are emerging, they are taking away an ever-increasing number of tasks and roles previously performed by a human labor force. Furthermore, the automation, self-improvement, self-replication and distributed nature of the manufacturing processes are producing products and goods at a minimal cost. As a result, each of these existing and emerging technologies, individually and collectively, will likely one day eliminate the need for human labor for production of goods and services—shaking the very fundamentals of economics as we know today.

There is a growing belief that the world’s economic output that had doubled every fifteen years, is now expected to double at least quarterly, and even perhaps on a weekly basis. As a result, the emerging potential of explosive economic growth for nations that adopt these existing and emerging technologies will likely affect the division of income between human labor and capital—challenging and changing the very nature of economic principles that nations are built on today.

So, as we evaluate the potential of these new technologies and technological processes—it is important to understand where the impact of the potential limitless production capabilities and/or limitless economic growth will take humanity—and what will be the consequences for the future of humanity.

Biological Engineering and BioEconomy

The advances in science and technology have brought us closer to the capability to create living things of our desire and definition. It is now possible to build on nature’s foundation and create a man-made, synthetic bio-ecosystem of our desire and definition. As a result, in the coming years, it may very well be possible to design and construct any cell, organism, or biological species we want. This is because we have a growing selection of genomic data from human and non-human living species, which help with the production of many chemicals and raw materials. The entire process is also becoming intelligent with the integration of AI—thereby creating further technological and economic disruption. That brings us to an important question: how will the potential of bioengineering capabilities re-define and re-design the way we produce raw materials?

Molecular Manufacturing and Self-Replicating Systems

Molecular manufacturing that uses nano-tools and non-biological processes to build structures, devices and systems at a molecular level is emerging rapidly. This technology will have the potential to disrupt everything in the human manufacturing ecosystem as low-cost manufacturing, self-replicating systems and the duplication of designs could lead to major economic upheavals across nations. That brings us to an important question: how will the emerging potential of molecular manufacturing and self-replicating systems reverse the very process of globalization, as nations who own and control this technology will not need other nations as they can produce/manufacture anything they need or want in unlimited quantities?

Distributed Additive Manufacturing

3D Printing / Additive Manufacturing is rapidly changing the way things are made and fundamentally changing the way that global production gets done (additive here means materials are layered in by way of digital design). Based on the current trends, from bioprinting of human tissues and organs to building consumer driven homes, cars  and aero planes, 3-D Printing / Distributed Additive Manufacturing are on their way to fundamentally transforming the manufacturing supply chain and its economics. In the coming years as automated 3D printing / additive manufacturing re-defines and re-designs most manufacturing processes, millions of people across nations will be able to participate, produce, make, build, copy, swap, trade, buy and sell all their day to day requirements with which they operate and secure their lives with just a computer click. As a result, the current economic fundamentals are going to explode. That brings us to an important question: How will blockchain based additive manufacturing create a participatory economy blurring the boundaries of national geography? How will a nation’s economy be influenced by digital manufacturing designs from anywhere and anyone?

Technological Singularity

Progress and development in technology and technological innovation has always occurred. This is less about technological innovation or a technological singularity and more about the way we decide to integrate artificial intelligence with other disruptive innovations to make them intelligent and autonomous.

It needs to be understood that once the pace of these technological advances and automation changes goes from linear to exponential (becoming self-improving, self-replicating and distributed), the old business models, governance models, management and technology models are going to be crushed under the weight of outdated economics of efficiency. As a result, while the development of artificial intelligence, molecular manufacturing, bioengineering and 3D printing / additive manufacturing bring the promise of higher productivity, higher profits, explosive economic growth, increased efficiencies, better safety, and higher convenience, it also raises difficult questions about the broader impact on industry disruption, the decline in human workforce and jobs, diminishing wages, shrinking purchasing power, broad systems failure and the crumbling of the economic principles itself as we know now.

Declining Human Workforce and Shrinking Purchasing Power

As autonomous, self-improving and self-replicating machines and machine workforce evolve and acquire more advanced performance capabilities, the traditional model of work is at risk.

Since work is the foundation of human society, it is important that we understand and evaluate the ramifications of this. For instance, what role will the emerging manufacturing / production shifts have in redistributing power, wealth, competition and opportunity around the globe? It seems that the potential impact of emerging explosive manufacturing / production forces will massively reduce or eliminate the hours of the working week and number of working hours — fundamentally choking the nature of the economic system globally — leading to many complex questions for the survival of the economic system itself. So, when more and more work is automated and a different way of producing and manufacturing emerges, there will likely be subsequent collapse of earnings of wages. That brings us to an important question: How will nations deal with the likely collapse of the economic system in the coming years? Are they prepared?

Acknowledging this emerging reality, Risk Group initiated the much-needed discussion on Artificial Intelligence Driven Economic Singularity with Calum Chace on Risk Roundup.

Disclosure: Risk Group LLC is my company.

Risk Group discusses Artificial Intelligence driven Economic Singularity with Calum Chace, best-selling author of the books: The Two Singularities, The Economic Singularity, and Surviving AI on Risk Roundup.

Capitalism at Risk

The current capitalist system is an economic environment that is based on the law of supply and demand and the distribution of resources, which — broadly speaking — are capital and labor.

In the coming years, when there is shrinking of human labor, declining work rates, and collapsing wages, there will likely be not enough money available to consume the goods produced or services rendered. So, as we race towards a technological singularity, we are getting closer to the economic singularity. Understandably, this will create complex social, economic and political tensions. As a result, there are growing calls for Universal Basic Income. But the question we all individually and collectively need to evaluate is  would that be an effective solution to the emerging economic singularity? Would a nation’s citizenry be happy with a basic income for their growing needs? The bigger question would be who will be controlling the money? Businesses or Governments? Who will decide how much is enough for a human to live on? If it is the governments who will define and determine how many citizens should have to live on, where will governments get the needed money for distributing the universal basic income? Would they be taxing businesses, or would they be taxing machines / robots? If the plans are to tax machines/robots, would not that open a completely new set of complex legal and regulatory challenges?

The shape the future of humanity takes will be the result of complex, changing, challenging and competing technological, political, social and economic forces. While some of these forces are known, there is a lot that is still not known and the speed at which the unknowns can unfold are difficult to predict. But unless we make a strong effort to make the unknowns, known, the outcome of this emerging battle between technological singularity and economic singularity seems to be just the beginning of social unrest and turmoil.

What Next?

In principle, the emerging economic singularity on the back of technological transformation gives nations a potential of explosive economic growth for the future of humanity. But it also brings nations likely social unrest, a potential reversal of globalization, diminishing needs of integration and interdependencies, and wealth accumulation for a select few. The time is now to consider how those ramifications will change the world and the future of humanity!

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(*********** )Depositphotos boosted by CogWorld

Intro(** )

Today, we are no longer restricted to what nature or natural intelligence should provide. From the steam engine to electrical energy and digital improvements to expert system, molecular production and bioengineering, each brand-new transformative development has actually brought us a brand-new (manufactured) method of doing things in manner ins which nature did not offer.

As brand-new methods of production and production are emerging, they are removing an ever-increasing variety of jobs and functions formerly carried out by a human manpower. Additionally, the automation, self-improvement, self-replication and dispersed nature of the production procedures are producing items and items at a very little expense. As an outcome, each of these existing and emerging innovations, separately and jointly, will likely one day get rid of the requirement for human labor for production of items and services– shaking the extremely principles of economics as we understand today.

There is a growing belief that the world’s financial output that had actually doubled every fifteen years, is now anticipated to double a minimum of quarterly, and even maybe on a weekly basis As an outcome, the emerging capacity of explosive financial development for countries that embrace these existing and emerging innovations will likely impact the department of earnings in between human labor and capital– difficult and altering the very nature of financial concepts that countries are constructed on today.

So, as we examine the capacity of these brand-new innovations and technological procedures– it is essential to comprehend where the effect of the prospective endless production abilities and/or endless financial development will take mankind– and what will be the repercussions for the future of mankind.

Biological Engineering and BioEconomy

The advances in science and innovation have actually brought us closer to the ability to produce living things of our desire and meaning. It is now possible to construct on nature’s structure and produce a manufactured, artificial bio-ecosystem of our desire and meaning. As an outcome, in the coming years, it might effectively be possible to create and build any cell, organism, or biological types we desire. This is since we have a growing choice of genomic information from human and non-human living types, which assist with the production of numerous chemicals and basic materials. The whole procedure is likewise ending up being smart with the combination of AI– consequently producing more technological and financial disturbance. That brings us to a crucial concern: how will the capacity of bioengineering abilities re-define and re-design the method we produce basic materials?

Molecular Production and Self-Replicating Systems

Molecular production that utilizes nano-tools and non-biological procedures to construct structures, gadgets and systems at a molecular level is emerging quickly. This innovation will have the prospective to interfere with whatever in the human production community as low-priced production, self-replicating systems and the duplication of styles might result in significant financial turmoils throughout countries. That brings us to a crucial concern: how will the emerging capacity of molecular production and self-replicating systems reverse the extremely procedure of globalization, as countries who own and manage this innovation will not require other countries as they can produce/manufacture anything they require or desire in unrestricted amounts?

Dispersed Additive Production

3D Printing/ Additive Production is quickly altering the method things are made and basically altering the manner in which worldwide production gets done (additive here suggests products are layered in by method of digital style). Based upon the present patterns, from bioprinting of human tissues and organs to developing customer driven houses, automobiles and aero aircrafts, 3-D Printing/ Dispersed Additive Production are on their method to basically changing the production supply chain and its economics. In the coming years as automated 3D printing/ additive production re-defines and re-designs most making procedures, countless individuals throughout countries will have the ability to take part, produce, make, construct, copy, swap, trade, purchase and offer all their everyday requirements with which they run and protect their lives with simply a computer system click. As an outcome, the present financial principles are going to blow up. That brings us to a crucial concern: How will blockchain based additive production produce a participatory economy blurring the borders of nationwide location? How will a country’s economy be affected by digital production styles from anywhere and anybody?

Technological Singularity

Development and advancement in innovation and technological development has actually constantly happened. This is less about technological development or a technological singularity and more about the method we choose to incorporate expert system with other disruptive developments to make them smart and self-governing.

It requires to be comprehended that as soon as the rate of these technological advances and automation modifications goes from direct to rapid (ending up being self-improving, self-replicating and dispersed), the old service designs, governance designs, management and innovation designs are going to be squashed under the weight of out-of-date economics of effectiveness. As an outcome, while the advancement of expert system, molecular production, bioengineering and 3D printing/ additive production bring the guarantee of greater efficiency, greater revenues, explosive financial development, increased effectiveness, much better security, and greater benefit, it likewise raises challenging concerns about the more comprehensive effect on market disturbance, the decrease in human labor force and tasks, decreasing earnings, diminishing buying power, broad systems failure and the collapsing of the financial concepts itself as we understand now.

Decreasing Human Labor Force and Diminishing Buying Power

As self-governing, self-improving and self-replicating devices and device labor force develop and obtain advanced efficiency abilities, the conventional design of work is at threat.

Considering that work is the structure of human society, it is essential that we comprehend and examine the implications of this. For example, what function will the emerging production/ production shifts have in rearranging power, wealth, competitors and chance around the world? It appears that the prospective effect of emerging explosive production/ production forces will enormously decrease or get rid of the hours of the working week and variety of working hours– basically choking the nature of the financial system worldwide– causing numerous intricate concerns for the survival of the financial system itself. So, when a growing number of work is automated and a various method of producing and making emerges, there will likely be subsequent collapse of revenues of earnings. That brings us to a crucial concern: How will countries handle the most likely collapse of the financial system in the coming years? Are they prepared?

Acknowledging this emerging truth, Danger Group started the much-needed conversation on Expert system Driven Economic Singularity with Calum Chace on Danger Roundup

Disclosure: Danger Group LLC is my business.

Danger Group talks about Expert system driven Economic Singularity with Calum Chace, very popular author of the books: The 2 Singularities, The Economic Singularity, and Making It Through AI on Danger Roundup.

Commercialism at Danger

The present capitalist system is a financial environment that is based upon the law of supply and need and the circulation of resources, which– broadly speaking– are capital and labor.

In the coming years, when there is diminishing of human labor, decreasing work rates, and collapsing earnings, there will likely be inadequate cash offered to take in the items produced or services rendered. So, as we race towards a technological singularity, we are getting closer to the financial singularity. Not surprisingly, this will produce complex social, financial and political stress. As an outcome, there are growing require Universal Basic Earnings However the concern all of us separately and jointly require to examine is would that be an efficient service to the emerging financial singularity? Would a country’s citizenry more than happy with a standard earnings for their growing requirements? The larger concern would be who will be managing the cash? Companies or Federal governments? Who will choose just how much suffices for a human to survive on? If it is the federal governments who will specify and figure out the number of people should need to survive on, where will federal governments get the required cash for dispersing the universal standard earnings? Would they be taxing services, or would they be taxing devices/ robotics? If the strategies are to tax machines/robots, would not that open a totally brand-new set of intricate legal and regulative obstacles?

The shape the future of mankind takes will be the outcome of complex, altering, challenging and completing technological, political, social and financial forces. While a few of these forces are understood, there is a lot that is still not understood and the speed at which the unknowns can unfold are challenging to anticipate. However unless we make a strong effort to make the unknowns, understood, the result of this emerging fight in between technological singularity and financial singularity appears to be simply the start of social discontent and chaos.

What Next?

In concept, the emerging financial singularity on the back of technological change offers countries a capacity of explosive financial development for the future of mankind. However it likewise brings countries most likely social discontent, a possible turnaround of globalization, decreasing requirements of combination and interdependencies, and wealth build-up for a choose couple of. The time is now to think about how those implications will alter the world and the future of mankind!

” readability =”179
45106511254″ >

.

Depositphotos boosted by CogWorld

.

.

Intro

Today, we are no longer restricted to what nature or natural intelligence should provide. From the steam engine to electrical energy and digital improvements to expert system , molecular production and bioengineering, each brand-new transformative development has actually brought us a brand-new (manufactured) method of doing things in manner ins which nature did not offer.

As brand-new methods of production and production are emerging, they are removing an ever-increasing variety of jobs and functions formerly carried out by a human manpower. Additionally, the automation, self-improvement, self-replication and dispersed nature of the production procedures are producing items and items at a very little expense. As an outcome, each of these existing and emerging innovations, separately and jointly, will likely one day get rid of the requirement for human labor for production of items and services– shaking the extremely principles of economics as we understand today.

There is a growing belief that the world’s financial output that had actually doubled every fifteen years, is now anticipated to double a minimum of quarterly, and even maybe on a weekly basis As an outcome, the emerging capacity of explosive financial development for countries that embrace these existing and emerging innovations will likely impact the department of earnings in between human labor and capital– difficult and altering the very nature of financial concepts that countries are constructed on today.

So, as we examine the capacity of these brand-new innovations and technological procedures– it is essential to comprehend where the effect of the prospective endless production abilities and/or endless financial development will take mankind– and what will be the repercussions for the future of mankind.

Biological Engineering and BioEconomy

The advances in science and innovation have actually brought us closer to the ability to produce living things of our desire and meaning. It is now possible to construct on nature’s structure and produce a manufactured, artificial bio-ecosystem of our desire and meaning. As an outcome, in the coming years, it might effectively be possible to create and build any cell, organism, or biological types we desire. This is since we have a growing choice of genomic information from human and non-human living types, which assist with the production of numerous chemicals and basic materials. The whole procedure is likewise ending up being smart with the combination of AI– consequently producing more technological and financial disturbance. That brings us to a crucial concern: how will the capacity of bioengineering abilities re-define and re-design the method we produce basic materials?

Molecular Production and Self-Replicating Systems

Molecular production that utilizes nano-tools and non-biological procedures to construct structures, gadgets and systems at a molecular level is emerging quickly. This innovation will have the prospective to interfere with whatever in the human production community as low-priced production, self-replicating systems and the duplication of styles might result in significant financial turmoils throughout countries. That brings us to a crucial concern: how will the emerging capacity of molecular production and self-replicating systems reverse the extremely procedure of globalization, as countries who own and manage this innovation will not require other countries as they can produce/manufacture anything they require or desire in unrestricted amounts?

Dispersed Additive Production

3D Printing/ Additive Production is quickly altering the method things are made and basically altering the manner in which worldwide production gets done (additive here suggests products are layered in by method of digital style). Based upon the present patterns, from bioprinting of human tissues and organs to developing customer driven houses, automobiles and aero aircrafts, 3-D Printing/ Dispersed Additive Production are on their method to basically changing the production supply chain and its economics. In the coming years as automated 3D printing/ additive production re-defines and re-designs most making procedures, countless individuals throughout countries will have the ability to take part, produce, make, construct, copy, swap, trade, purchase and offer all their everyday requirements with which they run and protect their lives with simply a computer system click. As an outcome, the present financial principles are going to blow up. That brings us to a crucial concern: How will blockchain based additive production produce a participatory economy blurring the borders of nationwide location? How will a country’s economy be affected by digital production styles from anywhere and anybody?

Technological Singularity

Development and advancement in innovation and technological development has actually constantly happened. This is less about technological development or a technological singularity and more about the method we choose to incorporate expert system with other disruptive developments to make them smart and self-governing.

It requires to be comprehended that as soon as the rate of these technological advances and automation modifications goes from direct to rapid (ending up being self-improving, self-replicating and dispersed), the old service designs, governance designs, management and innovation designs are going to be squashed under the weight of out-of-date economics of effectiveness. As an outcome, while the advancement of expert system, molecular production, bioengineering and 3D printing/ additive production bring the guarantee of greater efficiency, greater revenues, explosive financial development, increased effectiveness, much better security, and greater benefit, it likewise raises challenging concerns about the more comprehensive effect on market disturbance, the decrease in human labor force and tasks, decreasing earnings, diminishing buying power, broad systems failure and the collapsing of the financial concepts itself as we understand now.

Decreasing Human Labor Force and Diminishing Buying Power

As self-governing, self-improving and self-replicating devices and device labor force develop and obtain advanced efficiency abilities, the conventional design of work is at threat.

Considering that work is the structure of human society, it is essential that we comprehend and examine the implications of this. For example, what function will the emerging production/ production shifts have in rearranging power, wealth, competitors and chance around the world? It appears that the prospective effect of emerging explosive production/ production forces will enormously decrease or get rid of the hours of the working week and variety of working hours– basically choking the nature of the financial system worldwide– causing numerous intricate concerns for the survival of the financial system itself. So, when a growing number of work is automated and a various method of producing and making emerges, there will likely be subsequent collapse of revenues of earnings. That brings us to a crucial concern: How will countries handle the most likely collapse of the financial system in the coming years? Are they prepared?

Acknowledging this emerging truth, Danger Group started the much-needed conversation on Expert system Driven Economic Singularity with Calum Chace on Danger Roundup

.

Disclosure: Danger Group LLC is my business.

Danger Group talks about Expert system driven Economic Singularity with Calum Chace, very popular author of the books: The 2 Singularities, The Economic Singularity, and Making It Through AI on Danger Roundup.

Commercialism at Danger

The present capitalist system is a financial environment that is based upon the law of supply and need and the circulation of resources, which– broadly speaking– are capital and labor.

In the coming years, when there is diminishing of human labor, decreasing work rates, and collapsing earnings, there will likely be inadequate cash offered to take in the items produced or services rendered. So, as we race towards a technological singularity, we are getting closer to the financial singularity. Not surprisingly, this will produce complex social, financial and political stress. As an outcome, there are growing require Universal Basic Earnings However the concern all of us separately and jointly require to examine is would that be an efficient service to the emerging financial singularity ? Would a country’s citizenry more than happy with a standard earnings for their growing requirements? The larger concern would be who will be managing the cash? Companies or Federal governments? Who will choose just how much suffices for a human to survive on? If it is the federal governments who will specify and figure out the number of people should need to survive on, where will federal governments get the required cash for dispersing the universal standard earnings? Would they be taxing services, or would they be taxing devices/ robotics? If the strategies are to tax machines/robots, would not that open a totally brand-new set of intricate legal and regulative obstacles?

The shape the future of mankind takes will be the outcome of complex, altering, challenging and completing technological, political, social and financial forces. While a few of these forces are understood, there is a lot that is still not understood and the speed at which the unknowns can unfold are challenging to anticipate. However unless we make a strong effort to make the unknowns, understood, the result of this emerging fight in between technological singularity and financial singularity appears to be simply the start of social discontent and chaos.

What Next?

In concept, the emerging financial singularity on the back of technological change offers countries a capacity of explosive financial development for the future of mankind. However it likewise brings countries most likely social discontent, a possible turnaround of globalization, decreasing requirements of combination and interdependencies, and wealth build-up for a choose couple of. The time is now to think about how those implications will alter the world and the future of mankind!

.