{"id":116245,"date":"2020-11-23T11:25:31","date_gmt":"2020-11-23T19:25:31","guid":{"rendered":"https:\/\/lifeboat.com\/blog\/2020\/11\/the-economic-singularity-from-capitalisms-unplanned-obsolescence-to-the-new-transcendent-economy"},"modified":"2020-11-23T11:25:31","modified_gmt":"2020-11-23T19:25:31","slug":"the-economic-singularity-from-capitalisms-unplanned-obsolescence-to-the-new-transcendent-economy","status":"publish","type":"post","link":"https:\/\/lifeboat.com\/blog\/2020\/11\/the-economic-singularity-from-capitalisms-unplanned-obsolescence-to-the-new-transcendent-economy","title":{"rendered":"The Economic Singularity: From Capitalism\u2019s Unplanned Obsolescence to the New Transcendent Economy"},"content":{"rendered":"<p><a class=\"aligncenter blog-photo\" href=\"https:\/\/lifeboat.com\/blog.images\/the-economic-singularity-from-capitalisms-unplanned-obsolescence-to-the-new-transcendent-economy.jpg\"><\/a><\/p>\n<p>What if with the new wave of technologies, such as nanotechnology which would enable us to reprogram matter at a molecular level, we can overcome scarcity once and for all? Design would then become the most important part from start to end product which can be freely shared or have a premium in the marketplace. At any rate, this will dismantle the current social, economic, and political system, because it will become irrelevant; every institution, every value system, every aspect of our lives have been governed by scarcity: the problem of distributing a finite amount of \u201cstuff.\u201d There will be no need for any of today\u2019s social institutions. In other words, when nanotech and ultra-realistic VR are commonplace, the system built on scarcity will crumble and that would herald the forthcoming \u201ceconomic singularity.\u201d #EconomicSiingularity<\/p>\n<hr>\n<p>The current faltering economic model is suboptimal, hinders economic growth, and is not sustainable going forward.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>What if with the new wave of technologies, such as nanotechnology which would enable us to reprogram matter at a molecular level, we can overcome scarcity once and for all? Design would then become the most important part from start to end product which can be freely shared or have a premium in the marketplace. [\u2026]<\/p>\n","protected":false},"author":496,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[39,4,64,17,1879],"tags":[],"class_list":["post-116245","post","type-post","status-publish","format-standard","hentry","category-economics","category-nanotechnology","category-singularity","category-sustainability","category-virtual-reality"],"_links":{"self":[{"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/posts\/116245","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/users\/496"}],"replies":[{"embeddable":true,"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/comments?post=116245"}],"version-history":[{"count":0,"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/posts\/116245\/revisions"}],"wp:attachment":[{"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/media?parent=116245"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/categories?post=116245"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/tags?post=116245"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}