RE: Start Doing What You Can't Do?
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I have no faith in the WEF to accurately forecast anything. Their economic models are fundamentally restricted by their command economy worldview and status quo bias. Luddite paranoia about technology has resulted in centuries of fearmongering. Sure, advancement leads to change, and chaos can result, but systemic unemployment is not the result. Entrepreneurs and innovators will have unimaginable opportunities as tech improves and labor is freed up.
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Yes, they will, but in general, they will require less workers to do the work. The profits increase, but the distribution retracts, which is what has been happening for a long time, concentrating wealth in the top decision makers.
I have little faith in people using technology for the betterment of humanity.
If profits increase, we should expect competition to increase as well, resulting in a trend back to equilibrium. Only political protection creates the sustained corporate cartels we see around us. Tech is just the scapegoat.
Meanwhile, consider how much computers have improved our ability to create and communicate over the past three decades. That is the kind of unpredictable change the market provides even under the impedance of governments and corporations.
[/my2¢]
Do you see political protection reducing in the next decade or so?
I see that the maximization and monopolization of resources and wealth will continue until there is a complete paradigm shift in society.
Yes they have, yet the distribution of wealth is concentrating like never before. There is a difference between access to the tools and the ability to monetize them.
And yet here we are on a blockchain helping build a competing financial system while undermining regulations infringing on free speech nonetheless.
Yes, here we are. We just need to reach that critical mass point where it can actually compete and replace once the traditional economic practices collapse. I am very aware of the possibility, but the disruption is immense and it is going to be rejected by many, before they come around that it is actually in their best interest.