Eventually, the new economy and its direction as well as policy management will be disclosed. Now is the Time.
For many years, productivity by computers lower cost and business made too much money. No place to spend the extra money.
So technology is diverted to produce quality merchandise. The concept is three tiered economy. the rich, the middle class and the poor. Currency exchange rates can be controlled by product price points. US currency is now placed in the middle class. EU is rich and Africa is poor. If quality determines price points, then there is no inflation. Rich, middle class and the poor will all spend all their earnings to build and maintain economical growth.
Technology will be used for the next ten years to produce different classes of quality goods, no inflation, no massive layoffs without job creation, and no stagnation like in the 1970s when technology was zilch(not used to build economy).
So, technology drives economy. Sometimes, it is as simple as India has cow dung shoveled into water to make gasoline. In the US we synthesize with natural gas and oil to replace cow dung. Gasoline price is mostly government consumption tax to replace income tax. Eu may still use refined crude oil?
Productivity will continue with software efficiencies. Quality of products will be affordable for different levels of income.
You might ask what is next in our sleeves? Well, too soon to tell what results we already have in technology building infrastructure around the world to get better standards of living? Cleaner water with 5 micron filters and chlorination, sewer plants to recycle carbon, nuclear power plants for electricity, and triple play(TV, internet and telephoe) for information(science and engineering) updates? |
