The inflationary economic model is rapidly becoming very toxic, very harmful, very wrong due to the growth of technology. Maybe inflation was always a flawed economic model. Undoubtedly the inflationary model is now definitely ceasing to be sustainable. Inflation absolutely cannot be maintained in the future. We must begin transitioning into an deflationary model of economics, with our ultimate goal being deflation to zero price, which is a situation where every is free.
The Post-Scarcity meme is slowly growing. To boost the growth of Post-Scarcity awareness I think the tag #DeflateToZero will be beneficial. Please popularize this tag. The above large tag links to Twitter search for #DeflateToZero. The large tag below links to the Google+ search for #DeflateToZero. Please add you thoughts to the #DeflateToZero debate by tweeting, blogging, or plusing the tag.
There are various articles you can read about how robots are stealing our jobs or replacing us, there is a growing amount of news regarding the prospect of jobs diminishing in the future due to automation. The deflationary nature of personal nanofactories or 3D-printers is clear but economists have not yet grasped the future we are rapidly approaching. We really need to emphasize awareness.
People are dimly seeing how economic growth is over, it is ending thus we must embrace the deflationary model, but economists and have not yet put two and two together thereby coming to the Post-Scarcity conclusion. In the not too distant future everybody will finally conclude everything will be free thus nobody will need to work, but to reach this conclusion people need our help. People are currently grasping dimly how all jobs will be replaced by machines but people haven't yet taken the next logical step, which is a world where everything is free. I wish everyone could grasp this truth now but it might only be in the early 20s when everyone begins accepting the inevitable: #DeflateToZero.
Arising from comments on the G+ community Singularity Observatory, here is some deeper information about growth, profit, and deflation.
Currently in 2012, and for at least a few years into the future, "growth" is measured by profits not by actual growth. Things are
currently chaotic regarding our system of finances but in the future
when 3D-printing takes off there could be massive inventiveness and
development but it would not really show as "growth" (according to current standards of growth) because it is
happening off the grid, the inventiveness and development would not be via the traditional profit avenues.
has stated the open source business model is deflationary, destroying
an estimated $60bn of annual revenue: "Even as it creates an explosion
of use value, its monetary value decreases."
Technology will continue to grow but profits will dwindle thus we need to to accept the inevitable, we need to financially deflate to zero, which means everything will be free while developmentally everything will be incredibly explosive. Inflation is the wrong route towards everything being free because a sudden drop from high prices to zero prices is massively more disruptive than the change from a deflating price to zero price. Currently prices are going in the wrong direction.
If you want to discuss this topic there is the above Singularity Observatory discussion, or you can go to KurzweilAI.
Notes from the pre-Singularity era:
- ► 2015 (14)
- ► 2013 (68)
- ▼ December (5)
- ► 2011 (50)