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Archive for the ‘economics’ category: Page 154

May 7, 2017

Capitalism 2.0: the economy of the future will be powered by neural lace

Posted by in categories: biotech/medical, cyborgs, economics, robotics/AI, transhumanism

My new article at Wired UK: http://www.wired.co.uk/article/basic-economy-neural-prosthetics #Future #BasicIncome


But it’ll take more than just a mind tapped into the cloud to be widely competitive in the overall job market. Augmented limbs, bionic organs, and widespread use of exoskeleton technology will be needed to compete against robotic strength.

For years I’ve been supportive of a basic income, which would provide a monthly income for the poor – mostly because I saw it as the only logical way to keep people fed and housed, while still allowing for technological and economic evolution. Now, with neural prosthetics and upgraded bodies, I see the future may, instead, be full of capitalistic enterprise, fuelled by transhumanist technologies that allow us to more closely resemble the machines.

Continue reading “Capitalism 2.0: the economy of the future will be powered by neural lace” »

May 3, 2017

Rejuvenation would be too expensive to create

Posted by in categories: asteroid/comet impacts, economics, existential risks, finance, life extension

Creating rejuvenation will probably be quite expensive, but that’s no reason to give up on it. We can pull it off.


The first thing to realise is that, when you wonder how much something will cost, you’re actually wondering how many resources and how many people doing how much work it will take to do that something. That’s all that really matters. The problem is that we have a sucky economic system such that even if we do have more than enough people and resources to do the job, the monetary cost of it could be so high that you can’t get the job done without creating financial problems left and right. This should be a hint that the problem, if it exists, lies in our crappy economic system, not in rejuvenation itself or whatever other thing we may create.

Apart from the obvious fact that other hysterically expensive endeavours (such as space missions) are pulled off despite their costs, we must take into account that desperate circumstances call for desperate measures. We don’t need to tear apart our economic system and replace it with another before we create rejuvenation, and neither would we if faced with another health crisis (such as a pandemic) or a planetary crisis, but we need to get the job done despite its costs and the consequences they may have. We can’t give up on rejuvenation on the grounds that it may be too expensive to create, just like we wouldn’t in the case of an existential risk. Can you imagine that? There’s a huge asteroid on a collision course with Earth, and our only hope is a spectacularly expensive space mission to destroy it before it’s too late. Just who in their right mind would step up and say: ‘Nah, too expensive. Let’s not do it.

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Apr 29, 2017

Canada’s largest province to launch universal basic income trial

Posted by in categories: economics, government, policy

Canada’s largest province is to trial universal income, becoming the first North American government to test the progressive policy for decades.

Some 4,000 people in Ontario will be given at least C$16,989 (£9,850) a year under the scheme, with no conditions or restrictions attached.

Participants living in three settlements in Ontario will be selected at random to participate in the radical scheme, which advocates hail as a solution to poverty and costly bureaucracy.

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Apr 29, 2017

Ontario to roll out basic income in three cities

Posted by in categories: economics, food, government, habitats

Ontario will provide residents in Hamilton, Thunder Bay and Lindsay with free income, part of the government’s plan to test whether the extra funds will help improve their job prospects and quality of life.

The idea is to give the province’s working poor, unemployed and homeless residents an income to pay for their basic needs of food and housing.

About 4,000 recipients will be randomly chosen from the three regions. One group will start receiving the so-called basic income as soon as this summer, and the remainder will be part of the control group, which will not receive any payments, according to a provincial spokesman. A single person could receive up to $16,989 per year. A couple could get up to $24,027 annually.

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Apr 26, 2017

Develop the Coastline to Fund Income for Everyone

Posted by in category: economics

This story out in other green-focused sites: http://greengopost.com/california-gov-candidate-develop-coas…-everyone/


Zoltan Istvan, a Libertarian candidate for governor of California, wants to provide a universal basic income for all state residents — and lease out public lands to generate the revenues. Could it work? Would Californians buy in?

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Apr 24, 2017

Ontario basic income pilot project to launch in Hamilton, Lindsay and Thunder Bay

Posted by in category: economics

Basic income pilot project in Ontario.


Premier Kathleen Wynne announced Monday a plan to study basic income in Ontario, in a three-year pilot project based in Hamilton, Lindsay and Thunder Bay.

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Apr 24, 2017

Billionaire Jack Ma says CEOs could be robots in 30 years, warns of decades of ‘pain’ from A.I., internet impact

Posted by in categories: economics, education, employment, internet, robotics/AI

Alibaba Chairman Jack Ma warned on Monday that society could see decades of pain thanks to disruption caused by the internet and new technologies to different areas of the economy.

In a speech at a China Entrepreneur Club event, the billionaire urged governments to bring in education reform and outlined how humans need to work with machines.

“In the coming 30 years, the world’s pain will be much more than happiness, because there are many more problems that we have come across,” Ma said in Chinese, speaking about potential job disruptions caused by technology.

Continue reading “Billionaire Jack Ma says CEOs could be robots in 30 years, warns of decades of ‘pain’ from A.I., internet impact” »

Apr 22, 2017

Update: My Jacque Fresco interview and video on a Resource Based Economy via NowThis Future shared a few weeks ago now has 142,000 Facebook shares, 16,000 comments, 102,000 likes, and 12.3 million views

Posted by in categories: economics, transhumanism

Wow! For context, that’s nearly 4x times the amount of daily views that Bill O’Reilly used to get on his #1 cable show on Fox before he was fired. smile Give the video a view: https://www.facebook.com/NowThisFuture/videos/1500983249942850/ #transhumanism

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Apr 19, 2017

California Gov Candidate: Develop the Coastline to Fund Income for Everyone

Posted by in categories: economics, robotics/AI

My idea of leasing Federal lands to pay a basic income (coined #ZoltPay by some) has been catching on. People are asking for specifics, and here’s how I’d start getting all Californian’s money as a Governor my first year in Office without raising taxes. Naturally, to fully fund a state (as well as a national) basic income is an incremental process, in the same way automation is an incremental process. But there are methods to literally make all Californians wealthier almost overnight. The world is changing and we need bold transformative ideas to thrive. 40% of Californian’s live right around the poverty line. That’s simply unacceptable. The Dems and GOP have created this mess. Give someone else a shot now! Happy reading!


Zoltan Istvan, a Libertarian candidate for governor of California, wants to provide a universal basic income for all state residents — and lease out public lands to generate the revenues. Is it crazy talk?

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Apr 18, 2017

How Western civilisation could collapse

Posted by in categories: climatology, economics

2 factors destroy civilization: climate and economics. The West is currently facing severe problems in both areas.


Some possible precipitating factors are already in place. How the West reacts to them will determine the world’s future, says Rachel Nuwer.

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