What happens when AI dramatically increases productivity and creativity, and cheap energy from fusion creates even lower marginal cost of production of consumer goods?
Looking back:
The Mennonite pioneers who built pioneer tower in 1805, expanded Waterloo region along the Grand river with farmland and Mills into a thriving rural community in the hinterland of upper canada. They never could have imagined the tri-city technology hub that is the core of our economies growth in 2020's.
We moved from manual labour to animal labour to machine labour. When we became less labour competitive globally we moved into a technological digital service age.
Looking forward:
Fusion will be a thing. AI is already here. Cheap energy and smart production. Prices are going to fall. Period. In spite of government spending and inflation, we are entering a golden age of productivity that will make the renaissance look like primitive cave life. People will live longer and work less.
Here is evidence that this is already a reality - Music and Movie streaming. Just 20 years ago we were buying dvds and vhs, and paying for shit cable. Now we don't own a singe movie or album and yet we have access to more music (Spotify)and video (Netflix)than we could listen to and watch in 10 lifetimes.
Now apply this line of thinking to any item you use, cars, (Uber), Food (community garden subscriptions), housing (rental), vacations (AirB&B). I will suggest that soon the cost of your TV will be included in the video services. When is the last time you bought a calcurator?
We will revisit the theme as new technology emerges, and as our society responds with new social programs to redirect human capital and purpose towards new areas of productivity and creativity. Looking forward to the new renaissanc.