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Our economy is increasingly ruled by a few standout tech firms, and that’s not a good thing

Our economy is increasingly ruled by a few dominant firms. We see them everywhere, from established giants Amazon, Facebook, Google, Apple, and Walmart to fast-growing newcomers like Airbnb, Tesla, and Uber. There have always been large companies and outright monopolies, but there’s something distinctive about this new generation of what some economists call superstar companies. They appear across a broad range of business sectors and have gained their power at least in part by adeptly anticipating and using digital technologies that foster conditions where a few winners essentially take all.


Superstar companies are dominating the economy by exploiting a growing gap in digital competencies.

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UK government investing over £100 million in the space industry to ensure the UK remains a world leader in space tech

The UK government has revealed how investing in the space industry will form a key part of its strategy for boosting economic growth.

At the heart of the government’s strategy is a pledge to invest £99 million to create a National Satellite Testing Facility (NSTF) and another £4 million investment for a new National Space Propulsion Facility (NSPF).

The UK government hopeS the significant funding boost will enable the space industry to competitively bid for more national and international contracts and ensure it remains a world-leader for space technologies for decades to come.

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NASA announces winners for latest round of 3D Printed Habitat challenge, over $200k prize money awarded

Phase 1, which was the Design part of the competition, was completed back in 2015. Phase 2 is the Structural Member Competition, and the most recent level challenged competitors to 3D print a beam for bend testing. Scores were calculated based on the final material composition of the 3D printed beam and the maximum load that could be held before it failed.

Seoul-based Moon X Construction were not eligible for prize money, but $67,465 was awarded to Form Forge of Oregon State University for the second place entry. Foster and Partners with Branch Technology of Chattanooga, Tennessee came in third, earning $63,783, after getting $85,930 for getting first place in the first round of Phase 2. Fairbanks University of Alaska and CTL Group Mars of Illinois came in fourth and fifth respectively, with Singaporean team ROBOCON finishing in sixth place.

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Facebook Founder Mark Zuckerberg Again Calls for Basic Income

Facebook founder and CEO Mark Zuckerberg took a trip to Homer, Alaska, this weekend to do characteristically Alaskan things, like catching fish, cutting fish, watching other people catch fish, oh, and thinking hard about the concept of basic income.

Zuckerberg visited Homer as part of his personal challenge to visit every state in America in 2017. While there, he took some time out of fishing to write a blog post about Alaska’s Permanent Fund Dividend, a state-sponsored form of basic income that redistributes profits from the state’s natural resources to its residents once a year, usually handing them around $1,000 per person (some years as much as $2,000).

“This is a novel approach to basic income in a few ways. First, it’s funded by natural resources rather than raising taxes,” Zuckerberg wrote. “Second, it comes from conservative principles of smaller government, rather than progressive principles of a larger safety net. This shows basic income is a bipartisan idea.

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Machine Over Mind In A New Economy

➡🖒⛧Well worth a listen!⛧🖒⬅.


Robots moving deeper into the American workplace—how much decision-making will we turn over to machines?

For all the change that has come with the digital revolution – in the ways we work and communicate and do business – the real impact still lies ahead. Computers – machines themselves – are become smarter all the time. That intelligence is being wired into real world action. That’s overturning giant companies. It’s moving in on what we thought only humans could do. Andrew McAfee and Eric Brynjolfsson are on it. It’s exciting. And terrifying. This hour On Point: intelligent machines move in. — Tom Ashbrook

Guests

Andrew McAfee, co-author of the forthcoming “Machine, Platform, Crowd: Harnessing our Digital Future.” Co-director of the MIT Initiative on the Digital Economy. (@amcafee)

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When artificial intelligence is bad news for the boss

The two academic authors from Massachusetts Institute of Technology, who became the pin-up boys of the Davos crowd for their previous book on The Second Machine Age (2014), do a neat job of scanning the technological horizon and highlighting significant landmarks. This is a clear and crisply written account of machine intelligence, big data and the sharing economy. But McAfee and Brynjolfsson also wisely acknowledge the limitations of their futurology and avoid over-simplification. No one can really have much idea how the business world is going to evolve or predict the precise interplay between all these fast-changing forces.


A new book by the authors of ‘The Second Machine Age’ suggests that digital disruption is coming to the corner office.

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Dr. Jose Luis Cordeiro – Supporting the development of cryonics and rejuvenation biotechnology

Interview with Dr. Jose Luis Cordeiro at the International Longevity and Cryopreservation Summit in Madrid.


During the recent International Longevity and Cryopreservation Summit in Madrid, LEAF Board member Elena Milova had the opportunity to speak with Dr. Jose Luis Cordeiro new fellow of the World Academy of Art and Science (WAAS) and long-term proponent of innovation technologies in many fields. Jose shared his vision on how public perception of rejuvenation technologies is changing over time and what are the main outcomes of the groundbreaking show he and his team managed to organize.

Dr. Cordeiro got his B.Sc. and M.Sc. degrees in Mechanical Engineering at the Massachusetts Institute of Technology (MIT) in Cambridge, USA, with a minor in Economics and Languages. He is President Emeritus of the Future World Society (Venezuela) and since its foundation about two decades ago Jose managed to become an influential futurist. He is a founding faculty at NASA created Singularity University in Silicon Valley. The goal of the research centre is to tackle global problems such as health, nutrition, poverty and education using the medium of technology. He is also on the board of directors for the Lifeboat Foundation. Jose is part of Fundacion VidaPlus, promoting rejuvenation technologies as well as cryonics, as he believes that people who are too old to make use of the emerging biotechnologies should be granted a plan B in form of cryopreservation. Apart from traveling all over the world to promote innovative ideas in his inspiring talks, Jose has written more than 10 books and co-written over 20 more in five languages, including sections of the State of the Future by the Millennium Project. His extensive associations and achievements are far too numerous to list in this short article, and we invite you to read more about Jose here and also watch his awesome TEDx talk here.

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Startup Societies Summit: A Decentralized Governance Trade Show

Lifeboat Foundation readers are aware that the world has become progressively more chaotic. Part of the danger comes from centralized points of failure. While large institutions can bear great stress, they also cause more harm when they fail. Because there are so few pillars, if one collapses, the whole system is destroyed.

For instance, prior to the federal reserve system, bank runs we extremely common. However, since the financial system consisted of small, competing institutions, failure was confined to deficient banks. So while failure was frequent, it was less impactful and systemic. In contrast, after the establishment of the federal reserve, banks became fewer and larger. Failures, while more infrequent, were large scale catastrophes when they occurred. They affected the whole economy and had longer impact.

This is even more important in political systems, which are the foundation of how a society operates. In order to have a more robust, antifragile social order, systems must be decentralized. Rather than a monopolistic, static political order, there must be a series of decentralized experiments. While failures are inevitable, it can be localized to these small experiments rather than the whole structure.

We call these small, experimental governments “startup societies”. Examples include smart cities, seasteading, eco-villages, special economic zones, intentional communities, microstates, private cities, Ect. The Startup Societies Foundation studies these experiments, promotes them to the public, and hold conferences.

The Startup Societies Foundation is partnering with D10e to host our biggest conference yet. The Startup Societies Summit is a trade show that unites 300–500 engineers, policy experts, technologists, urban planners, economists, entrepreneurs, and investors interested in building new societies. Attendees with startups related to new societies can engage with investors to push their ideas to fruition. By networking together and sharing valuable information, our guests will be at the forefront starting new societies. The Summit will take place in City College San Francisco on August 11th-12th. If you are interested in buying tickets or becoming a sponsor, here is a link to our crowdfunding campaign.

Like a startup, a startup society begins small and scales when it produces a better service through technology. 65% of the earth’s population will live in cities by 2040. This presents an unprecedented opportunity for entrepreneurs. They can become innovators of the greatest wealth creation tool: cities. Join us and gain an edge in the growing, exciting field of innovative governance.