Massive Economic Gains: Going Deeper Into The 3rd Econoimic Singularity

taskmaster4450 in LeoFinance • 8 months ago

We had periods, over time, where economic growth was massive. Unfortunately, it was over the period of hundreds of years, meaning it is hard to see, especially for the people living through it.

In this video I discuss how these periods contract over time, with doublings in GDP happening at a faster rate. We are now in our third economic singularity, with the first two being the agricultural age following by industrialization. Like now, there is not a singe point of change. In fact, even in hindisght, it is impossible to see the beginning. Nevertheless, the digital (semiconductor) age is roughly 40 years old, and we are going deeper into it.

▶️ 3Speak

#leofinance #economics #growth #industrial #digital #archon #mancave #neoxian

8 months ago in LeoFinance by taskmaster4450

0.00 ARCHON

Sort:

Trending

[-]

outwars 8 months ago

I think the virtual age will be the next step. I think we are still decades away from it since the digital stage is still just ramping up. I think money will be of little importance at that point. It will be interesting to see how fast AI and robotics develop and how quickly they take us there.

0.00 ARCHON

5 votes

[-]

taskmaster4450le 8 months ago

It could be. Mixed reality was talked about for a long time. We are seeing some fields, such as engineering with devices where teams can collaborate.

Microsoft came out with a halogram type device a few years ago and Apple did something. I dont pay much attention because the costs are still high and require powerful compute, something most dont have.

0.00 ARCHON

1 vote

[-]

outwars 8 months ago

Yeah, the technology is still not there yet. But for me, that is the next logical step.

0.00 ARCHON

3 votes

[-]

etiboy56 8 months ago

Industrious mindset is what countries really need now and I respect you and your efforts in sharing this

0.00 ARCHON

4 votes

[-]

ai-summaries 7 months ago

Summary:

The host discusses the concept of "the Age of Abundance" and the economic singularity that he believes is on the horizon. He explains that throughout history, economic productivity has increased, with major transitions occurring during the agricultural and industrial revolutions. The host argues that we are now entering a third economic singularity driven by the digital revolution and the increasing dominance of software, IT, and digital services in the economy.

Key points:

The global economy has been doubling roughly every 15 years, though growth has slowed recently due to factors like the financial crisis.
Emerging technologies like robotics, AI, and 3D printing will drive massive gains in economic productivity.
An ever-increasing share of the economy is subject to the "laws of IT" - digital products and services that can grow exponentially and become effectively free.
Traditional economic metrics like GDP struggle to capture the value created by free or near-free digital goods and services.
Many costs associated with information, communication, and entertainment have been eliminated, leading to an explosion of activity in these areas.
The host believes we are on the verge of seeing massive economic gains as these digital and technological trends converge.

Overall, the host paints a picture of an impending "economic singularity" driven by the digital revolution, which he believes will lead to unprecedented gains in economic productivity and output.

0.00 ARCHON