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Strategies & Market Trends : John Pitera's Market Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: John Pitera who wrote (19259)	5/21/2017 7:47:34 PM
From: benwood	1 Recommendation Recommended By John Pitera Respond to of 33421

Interesting. Years ago on Star Trek Next Generation (Captain Picard) they mentioned now and then about when 'there used to be money' etc. Stratification of wealth is angling toward a world of an extremely few people having obscene wealth, and the rest just ants. Historically, that doesn't work well for one having billions and wanting to keep their head. But historically, you can create perpetual servitude and an addictive class if you just put them on an allowance. Neal Stephenson has written in at least one book from some time back about food generation devices that are ubiquitous so there is simply no hunger any longer, but the public machines are blase and so there is still value in making money and getting something better. In Cyrptonomicon he foresaw the need for a transnational (ex-national?) currency, but his was based on gold, not algorithms. Will still come to that perhaps, at least one currency. On the subject of AI replacing programmers... I went to a computer aided software development conference... in 1988! We are further from that being a reality than back then. But everything I have ever done has been highly customized and algorithmic. Web interfaces are one area where scripts can automate much of it. A few years ago, I read about a very thorough analysis of technological change, and it was determined by those authors not to be 'exponential growth' but rather, and 'exponential on top of exponential growth.' The implications of that are astounding.