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Category: economics – Page 92

When thinking of the crypto community, or any other movement for that matter, it’s common to think of where it is now. Hundreds of projects, thousands of developers, millions of users. But crypto started, not so long ago, with a nobody, Satoshi Nakamoto.

By building a small, but incredibly dedicated community of supporters, crypto has become an unstoppable force which will define this century, changing the core of our economic system: money itself.

At Superfluid, we are incredibly excited to be a part of this monumental shift, contributing our own innovation to magical internet money: modular asset streaming.

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Circa 2019

Imagine we go through the disruptive transition between an economy where we need to work to make a living, to one where we don’t. It is hard to imagine because in North America; we haven’t been in this situation since the colonial era. Back in the colonial era, most people were farmers and families had to build their own homes. Neighbors traded with each other and with the closest town with what they had to get what else they needed. Those were difficult days with minimal supply chains established in North America. It is not a period we want to go back to, but we may learn from our forebears to prepare us for what is to come.

It is no surprise, in this age where automation is threatening to replace all employees, that we have concerns about how we can still function as a society when automation will take over most jobs. Fortunately, the same systems that threaten our livelihoods can bring us to a Golden Age of civilization where people live free, happy lives, without the concern for survival. I talk about the future of work in an article I published earlier this year. In a nutshell, and for the purpose of this article, I’ll jump to the conclusion: there won’t be enough demand for humans to have jobs within the next 20 years to sustain an employment-taxation type of economy.

We need to transform our economy to one that fits our aspirations and available technologies.

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The 2021 Space Renaissance Congress Acta is now online, and the voting session for the new President and Board of Directors is now open.

Dear SRI friends and supporters.

Two key milestones of our 3rd World Congress are now accomplished.

**1) The complete acta of the presented papers and speeches** is now online, for all of us to be viewed and reviewed. https://2021.spacerenaissance.space/index.php/2021-space-ren…ress-acta/

On this page you can find: * The presented papers, for download * The pointer to each live presentation, in the recorded videos on YouTube (hyperlink-pointer to the hour: minutes: seconds)

When watching to any video on the YouTube Space Renaissance channel, don’t forget to subscribe to the channel! (the channel is relatively recent, and increasing the number of subscribers is key to our web reputation).

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Experts are excited by the concept of microreactors because nuclear facilities have historically relied on economies of scale — a paradigm this tech could reverse.

“Microreactors promise to turn this paradigm on its head by approaching cost competitiveness through technological learning,” Alex Gilbert from the nuclear power think tank Nuclear Innovation Alliance, told CNBC.

Oklo’s “fast reactor” plant uses energy from already-spent nuclear reactor fuel, technology that has been around since the 1950s, according to CNBC.

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Livestreaming is a trillion-dollar industry in China, where social networking and entertainment meet marketing and e-commerce. China’s retail economy has become influencer-driven, with almost all online consumers buying products based on recommendations by their idols. That trend has enabled livestreaming and video platforms like Kuaishou and Douyin, which cultivated a roster of hugely popular influencers, to participate in the e-commerce market through partnerships with the online sales platforms.

Many people and businesses would not have survived the pandemic if it were not for the gig economy, says the co-founder of Asia Innovations Group, the start-up behind the live-streaming platform Uplive.

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Ut ohh.

The middle and working classes have seen a steady decline in their fortunes. Sending jobs to foreign countries, the hollowing out of the manufacturing sector, pivoting toward a service economy and the weakening of unions have been blamed for the challenges faced by a majority of Americans.

There’s an interesting, compelling and alternative explanation. According to a new academic research study, automation technology has been the primary driver in U.S. income inequality over the past 40 years. The report, published by the National Bureau of Economic Research, claims that 50% to 70% of changes in U.S. wages, since 1980, can be attributed to wage declines among blue-collar workers who were replaced or degraded by automation.

Artificial intelligence, robotics and new sophisticated technologies have caused a wide chasm in wealth and income inequality. It looks like this issue will accelerate. For now, college-educated, white-collar professionals have largely been spared the fate of degreeless workers. People with a postgraduate degree saw their salaries rise, while “low-education workers declined significantly.” According to the study, “The real earnings of men without a high-school degree are now 15% lower than they were in 1980.”

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## GENERAL FUSION (VANCOUVER) • JUN 16, 2021.

# General Fusion to build its Fusion Demonstration Plant in the UK, at the UKAEA Culham Campus.

*Unlike conventional nuclear power, which involves fission or splitting atoms, the emerging fusion technology promises clean energy where the only emission would be helium, and importantly, no radioactive waste.*

New partnership between General Fusion and UKAEA is a landmark collaboration in the development of fusion, a technology for the world’s low-carbon future.

VANCOUVER, Canada and LONDON, United Kingdom (17th June 2021 BST): The UK Atomic Energy Authority (UKAEA) and General Fusion have announced an agreement under which General Fusion will build and operate its Fusion Demonstration Plant (FDP) at UKAEA’s Culham Campus. General Fusion will enter into a long-term lease with UKAEA following construction of a new facility at Culham to host the FDP. The FDP will demonstrate General Fusion’s proprietary Magnetized Target Fusion (MTF) technology, paving the way for the company’s subsequent commercial pilot plant. General Fusion will benefit from the cluster of fusion supply chain activities in the UK, centered on UKAEA’s globally recognized expertise and presence in the field.

Amanda Solloway, Science Minister for UK Government said: “This new plant by General Fusion is a huge boost for our plans to develop a fusion industry in the UK, and I’m thrilled that Culham will be home to such a cutting-edge and potentially transformative project. Fusion energy has great potential as a source of limitless, low-carbon energy, and today’s announcement is a clear vote of confidence in the region and the UK’s status as a global science superpower.”

The Fusion Demonstration Plant at Culham is the culmination of more than a decade of advances in General Fusion’s technology, and represents a major milestone on the company’s path to commercialization. The Fusion Demonstration Plant will verify that General Fusion’s MTF technology can create fusion conditions in a practical and cost-effective manner at power plant relevant scales, as well as refine the economics of fusion energy production, leading to the subsequent design of a commercial fusion pilot plant. Construction is anticipated to begin in 2022, with operations beginning approximately three years later.

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