Lifeboat Foundation

Is Market Capitalism simply an accident of certain factors that came together in the 19th and 20th centuries? Does the innovation of economics require a new economics of innovation? Is the study of economics deeply affected by the incentive structures faced by economists themselves, necessitating a study of the “economics of economics”? In this broad ranging interview INET Senior Economist Pia Malaney sits down with Eric Weinstein — mathematician, economist, Managing Director of Thiel Capital (as well as her co-author and husband) to discuss these and other issues.

Underlying the seismic shifts in the economy in the last ten years, Dr. Weinstein sees not just a temporary recession brought on by a housing crisis, but rather deep and fundamental shifts in the very factors that made market capitalism the driving force of economic growth for the past two centuries. The most profound of these shifts as Dr. Weinstein sees it, is an end to 20th century style capitalism brought about not by a competing ideology, as many had once feared, but instead by changing technology. As production is driven increasingly by bits rather than atoms, he sees the importance of private goods give way to public goods, undermining a basic requirement of market models. In a different line of thinking, as software becomes increasingly sophisticated it takes on the ability to replace humans not only in low level repetitive tasks but also, with the use of deep learning algorithms, in arbitrarily complex repetitive tasks such as medical diagnosis.

Continue reading “Is Technology Killing Capitalism?” »

A short video from Now This on my campaign. It highlights my interview from the RNC in Cleveland and ideas on Universal Basic Income:

US lawmakers have saddled American biotech with another legal restriction, and scientists are only partially engaging with this looming medical and economic problem.

It’s a scouting mission. I wonder how much this will cost since this is not a sample return.

Asteroid mining company Deep Space Industries (DSI) has announced the first commercial mission to a near-Earth asteroid, with launch planned by the end of the decade.

Continue reading “First commercial asteroid mining mission set to begin before 2020” »

Indeed, if we set ethical and safety objections aside, genetic enhancement has the potential to bring about significant national advantages. Even marginal increases in intelligence via gene editing could have significant effects on a nation’s economic growth. Certain genes could give some athletes an edge in intense international competitions. Other genes may have an effect on violent tendencies, suggesting genetic engineering could reduce crime rates.

We may soon be able to edit people’s DNA to cure diseases like cancer, but will this lead to designer babies? If so, bioethicist G Owen Schaefer argues that China will lead the way.

Elon Musk has been a busy man lately as he works to transition the world to renewable energy and sustainable transportation with the goal of decarbonizing the global economy to meet the challenge of climate change. To meet that goal, Tesla will need to address “high passenger-density urban transport” – and Musk just confirmed plans to create a fully autonomous electric Minibus using the Model X chassis.

Tethers Unlimited, Inc. (TUI) announced that it has signed a Public-Private Partnership with NASA to deliver a HYDROS™ propulsion system for a CubeSat mission. Concurrently, TUI has signed an associated contract to provide three HYDROS thrusters sized for Millennium Space Systems’ (MSS) ALTAIR™ class microsatellites to support three different flight missions. Total contract value for the two efforts is $2.2M.

The HYDROS propulsion system uses in-space electrolysis of water to generate hydrogen and oxygen gas, which it then burns in a bipropellant thruster. This water-electrolysis method allows small satellites to carry a propellant that is non-explosive, non-toxic, and unpressurized. The hydrogen and oxygen generated on-orbit will enable high-thrust and high-fuel-efficiency propulsion so these small satellites can perform missions requiring orbital agility and long-duration station-keeping.

The partnership with NASA is a cost-sharing program funded under NASA’s Space Technology Mission Directorate’s “Utilizing Public-Private Partnerships to Advance Tipping Point Technologies” Program. In this effort, TUI will conduct lifetime and environmental testing of prototypes of HYDROS systems sized for CubeSats and microsatellites and then deliver a flight unit HYDROS thruster intended for testing on a CubeSat mission as part of NASA’s Pathfinder Technology Demonstration Program, at Ames Research Center, Moffett Field, California.

Continue reading “Tethers Unlimited Signs Contracts with NASA and Millennium Space Systems to Deliver HYDROS™ Water-Propelled Thrusters” »

Baku, Azerbaijan, July 30.

By elena kosolapova, farhad daneshvar – trend:

Russian companies are interested in the Iranian market, said Russia’s Energy Minister and Co-chair of the Russia-Iran Intergovernmental Commission on Trade and Economic Cooperation Alexander Novak.

People are concerned about how AI and robotics are taking jobs and destroying livelihoods… reducing our earning capacity, and subsequently destroying the economy.

In anticipation, countries like Canada, India and Finland are running experiments to pilot the idea of “universal basic income” — the unconditional provision of a regular sum of money from the government to support livelihood independent of employment.

But what people aren’t talking about, and what’s getting my attention, is a forthcoming rapid demonetization of the cost of living.

Continue reading “Demonetized Cost of Living” »