It’s a radical shift waiting a couple decades down the line.
Category: economics
The Japanese government is considering giving away money ‘vouchers’ to poor young people to boost consumption, according to reports.
Following the examples of Finland, Canada and the Netherlands, Japan is considering the introduction of basic income, a tax-free income, after recent surveys showed that under-34s in Japan have cut spending by 11.7 per cent year on year.
Proponents of basic income say that not only does it reduce financial poverty but it has a number of other benefits, such as rewarding unpaid activities not recognised as economic contributions (parenting, for instance).
New Zealand could become one of the first developed countries to scrap benefits and introduce a basic citizens’ income.
Leader of the opposition Andrew Little said his Labour party was considering the idea as part of proposals to combat the “possibility of higher structural unemployment”.
Citizens’ income, also known as Universal Basic Income (UBI), involves a basic, unconditional, fixed payment made to every person in the country by the state in lieu of benefits.
“Misinterpreting signals to make them consistent with a pre-determined outcome is, psychologists tell us, a common phenomenon in human nature. Unfortunately, it is also a frequent dynamic in modern financial markets, particularly when it comes to sustainability.”
The United States is transitioning from a primary reliance on fossil fuels to greater use of sustainable natural and nuclear energy sources. There are two reasons for this transition. The first reason is that the abnormally high and increasing level of atmospheric carbon dioxide has created scientific uncertainty and concern as to the detrimental impact this may have on the environment and, consequentially, human civilization. Almost certainly, this abnormal level is due to anthropogenic causes linked to the tremendous expansion in the human population since the early 1700s, the growth of human civilization (e.g., agriculture and industrialization), and the increasing use of fossil fuels. Although fossil fuels have enabled worldwide progress in elevating the standard of living, most of the world’s nations have reached the conclusion that the world should transition entirely to sustainable energy by 2100 (see “The Paris climate agreement and space solar power”, The Space Review, February 29, 2016). It is, however, very important to manage this transition carefully to avoid economic hardship or energy deprivation.
While the United States has large remaining fossil fuel resources, only some are technically recoverable with current safe, legal, and profitable extraction methods. The remaining known and yet-to-be-discovered domestic technically recoverable fossil fuels are inadequate to sustain US fossil fuel energy needs to the end of this century, especially given likely continued immigration-driven US population growth (see “US fossil fuel energy insecurity and space solar power”, The Space Review, March 7, 2016). While the United States has an ethical environmental obligation to end its use of fossil fuels by the end of the century, the reality of having inadequate oil and natural gas resources makes the urgency of transitioning successfully to new sustainable energy sources a clear matter of national energy security. This warrants federal government leadership and strong American private sector engagement.
Unfortunately, due to its large and growing population and per capita energy needs, the United States lacks sufficient suitable land to utilize terrestrial renewable energy to replace fossil fuels. (see “US terrestrial non-fossil fuel energy vs. space solar power”, The Space Review, March 14, 2016). While the United States will utilize terrestrial domestic renewable energy to the extent it is politically acceptable, many factors will likely limit their scale-up. The expansion of nuclear fission energy is also not a satisfactory approach, given the large number of reactors needed. These factors lead to the conclusion that only space-based sustainable energy, such as space solar power, will enable the United States to practically transition away from fossil fuels.
You may think I’m biased when I say investments in innovation across the space industry are growing, but the proof is all around us.
Growing by nearly 10 percent in just one year, the global space economy has reached a total of $330 billion worldwide, according to a 2015 Space Foundation report. Specifically, commercial space activities grew by 9.7 percent in 2014, while government investments in space saw a combined growth of 7.3 percent. And the part of space that’s most visible to us — rocket launch attempts — also increased from 81 attempts in 2013 to 92 in 2014.
These are promising statistics, and we’re seeing this growth in investment firsthand as we’ve witnessed some pretty incredible accomplishments throughout the industry over the past year.
Israel must remain on the cutting edge of cyber-defense, –security and –technology in order to maintain the safety and security of the state, Prime Minister Benjamin Netanyahu wrote in Globes on Sunday.
In the article, Netanyahu outlined his vision, policies and initiatives aimed at arming the Jewish state with the latest in “cybernetic innovation.” According to the Israeli leader, “Cyber defense is an essential condition for national security and economic growth in the 21st century,” and Israel’s strength in the fields of science and technology is leading the country to be one of the world’s greatest “cyber security power.”
“Five years ago, I set the goal of making Israel one of the five leading global cyber powers. We are already placed very high, and the world regards us as a rising power. Enhancing our capabilities in the cyber field requires continuous effort,” Netanyahu wrote.
https://youtube.com/watch?v=9grWo5ZofmA
A lot of transhumanism friends have asked me to write about Bernie Sanders, so here are my thoughts:
The transhumanism movement has been dramatically growing in size—and most of that growth is from millennials and youth joining. Transhumanists want to use science and technology to radically improve the human race, and the onslaught of new gear and gadgets to do that—like virtual reality, robots, and chip implants —are giving them plenty of ammunition to do that.
But what has caught many people off guard—including myself who probably best fits into the category: left-leaning Libertarian—is the amount of support transhumanists are giving to Bernie Sanders’s presidential campaign. Historically, transhumanism (and its de facto home: Silicon Valley) has been Libertarian-minded —with a hands-off attitude towards the government, religion, and basically any authority trying to tell them what to do or how to innovate. But with the demographics of the transhumanism movement sharply changing from older academics and technologists to young people—especially those in college—the push towards more leftist and progressive-leaning ideas is strong. For many young transhumanists, they believe they have found an ideal in Sanders.
While I like the charisma of Sanders and his long standing devotion to the people—and that is enough for me to say he’d be a good president for change—the reality is capitalism is still a hallmark of the American way. For the next four and maybe even eight years, capitalism won’t be going anywhere. Afterward, though, within 10–25 years, when robots, software, and AI really start dismantling capitalism as we know it (see my latest TechCrunch article and thoughts on a Universal Basic Income), it will be a totally different story.
Like it or not, millennials and youth obsess over this type of economy stuff—especially machines taking jobs. They know future employment statistics better than many 30-year veteran business executives running publicly traded companies. The dangerous truth is many young people know they likely won’t have jobs in the future. And neither will most of the executives for that matter, since they too can (and will) be replaced by super intelligent machines programmed to make sound mathematical business decisions.
However, Rob Ott, a computer scientist at Stanford University in Palo Alto, California, who did work on the system—Deep Learning Interface for Accounting (DELIA)—notes that it simply held all of the missing money, some $40,120.16, in a “rainy day” account. “I don’t think you can attribute malice,” he says. “I’m sure DELIA was going to give the money back.”
Technologists shocked by program’s ability to set its own priorities—such as getting rich.