SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Politics : Formerly About Advanced Micro Devices
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: i-node who wrote (701933)3/1/2013 7:36:01 PM
From: Tenchusatsu  Read Replies (1) of 1577957
 
Inode,
Some can. Others can't and never will. Particularly, given the willingness of taxpayers to carry them.
I don't think you got my point regarding the transition of the American economy away from agriculture and toward industrialization, then toward service and information.

But let's take your example of 3D printing. If this technology takes off, it will lower the barriers for manufacturing, which will necessarily increase the diversity of manufactured components. Sure we'll have less of a need to build manufacturing plants, and that might cost some construction jobs, but the explosion in cheap, custom manufacturing will drive the free market in new ways unimaginable by even the brightest analysts and central planners.

As long as government allows the market to evolve and progress forward, people can and will adapt, especially as productivity increases. This will in turn grow the economy, and ideally everyone will benefit. Those who can't adapt will just have to cope. Maybe go into the business of selling antiques.

The big danger is that government will try and step in to prevent the perceived negative consequences of said technologies. If you as a conservative fear the effects of technology on unemployment, think about how much liberals fear them. Then they'll advocate policies that protect the old "smoke stack" industries in the name of preserving jobs. GM is a prime example.

Tenchusatsu
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News