Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: Mary Cluney who wrote (45605)	2/4/2004 6:08:21 PM
From: Maurice Winn	Read Replies (1) of 74559

<He wrote and predicted a global economic boom. Something about more scientists working and living now than all the scientist put together in the past - creating opportunitties and much higher standards of living for everyone.> Mary, that's just a minor part of it. Everyone creates a surplus and there are now 6 billion people creating value in one vast synergistic monster economy. No longer is there only 1 billion agrarian people living almost totally within the realm of their own state and political system as there was a century ago, with vast wars every now and then and Malthusian-based territorial conflicts and overpopulation with low-value people the main issue. There has been 150 years of industrial revolution all turbo-charging the process. Science being only part of the process, though an essential underpinning. Now, we have something of staggering proportions which almost nobody appreciates and those who do are bewildered about what it means and can only guess. See rants by Ray Kurzweil, Stephen Hawking, Bill Joy and your humble servant. The industrial revolution replaced our muscles. Cyberspace is replacing our brains. Google is much better than our memory, for example. But more than that, I don't even seen why cyberspace should bother with our limited talents at all. Just as we don't depend on our chimpanzee cousins' talents though they [or chimpoids like them] were the framework on which we were built. Children don't owe their parents a living and cyberspace won't owe the creators of It a living. This is all really big time. The gloomsters and doomsters go on about returns to the mean and the norm. There is no mean. There is no norm. The sky's the limit. There is no sky. There is no limit. Yes, there will be vicissitudes and crunches and volatility and major trauma, but the trend is our friend. Mqurice

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