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Niall Ferguson: Don’t Believe the Techno-Utopian Hype
Newsweek (via The Daily Beast) ^ | 7-30-2012 | Niall Ferguson

Posted on 08/01/2012 5:36:49 AM PDT by Sir Napsalot

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To: ctdonath2; DManA

You are both right.

The first wave started with the steam engine and fossil fuels. Once we had a cheap, non animal or human source of energy, a lot of things were possible. It also dislocated much of the population in ways we haven’t adjusted to you. I grew up on a farm, and what my father farmed couldn’t support you now, and he farmed in an area covered by four small farms when he was a kid. That alone is 20 people who were no longer needed to do the job.

Industry is the same. The factory that needed 200 people to make a widget now only needs 50. The problem is that we still have the same or larger amounts of people who only have the ability to work in low skilled labor. We need to have something for them to do, beside eat on the dole.


41 posted on 08/01/2012 11:33:03 AM PDT by redgolum ("God is dead" -- Nietzsche. "Nietzsche is dead" -- God.)
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To: redgolum
The problem is exacerbated by laws prohibiting low skilled labor. Many are eating on the dole because it's illegal to pay them what their work is worth. The work still needs doing, so factories opt to spend the money on a few smart people who can (via automation etc) reduce the total number of people needed for the work.

One upcoming form of this is "large-scale 3D printing", to wit: rather than hiring a bunch of individually cheap workers to assemble a small building, a business can haul in a clever machine which can "print" the main structure with concrete, operated by just a few skilled workers. Example

The nature of human progress is to build a business serving a new need, satisfy that need, and to reduce the resources needed (human and otherwise) to produce it.

42 posted on 08/01/2012 12:00:40 PM PDT by ctdonath2 ($1 meals: http://abuckaplate.blogspot.com)
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To: ctdonath2

Bucky Fuller - Ephemeralization

the ability of technological advancement to do “more and more with less and less until eventually you can do everything with nothing”.

http://en.wikipedia.org/wiki/Ephemeralization


43 posted on 08/01/2012 1:01:43 PM PDT by DManA
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To: DManA
Yup, getting pretty close.


44 posted on 08/01/2012 1:22:18 PM PDT by ctdonath2 ($1 meals: http://abuckaplate.blogspot.com)
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To: Sir Napsalot
it's all about manipulating information. not about natural sciences or arts.

and the thing about information is it objectifies human lives. A despot's dream.

45 posted on 08/01/2012 1:56:24 PM PDT by the invisib1e hand (Woe to them...)
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