Showing posts with label Virtual Reality. Show all posts
Showing posts with label Virtual Reality. Show all posts

Sunday, November 15, 2020

The Economic Singularity: From Capitalism's Unplanned Obsolescence to the New Transcendent Economy





           

"The social inefficiency of capitalism is going to clash at some point with the technological innovations capitalism engenders, and it is out of that contradiction that a more efficient way of organizing production and distribution and culture will emerge."  -Yanis Varufakis


The current economic system distributes wealth in a very focused manner that prevents a vast majority of humans from being adequately rewarded by the technologically advanced civilization. These factors undoubtedly condemn today’s system of suboptimal economics to the realm of classical models of history as a result of impending obsolescence. In brief, the current faltering economic model is suboptimal, hinders economic growth, and is not sustainable going forward.

The Economic Singularity: From Capitalism's Unplanned Obsolescence to the New Transcendent Economy

              " The social inefficiency of capitalism is going to clash at some point with the technological innovations capitalism eng...

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