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| Miserable old f*cker (MOF) |
Aug 4 2012 at 16:03:52 GMT |
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I think we got through the decades since then on the massive profits made from things like the rise of the IT industry and the Dotcom bubbles. These cash cows kept the liquidity churning but they are just about run their course now. The Gov desperately needs the economy to grow but there is no new ground for it to grow into, we've already made all consumer items so they have to be replaced every so many years, and the markets are saturated. Unless something bizarre and wonderfully new comes along that everyone wants one of for their own home then the game is over. The only thing I can think of would be some sort of mass produced house hold robot, but that's probably another couple of decades away even given the massive advances that have been made, and even then having such a thing once again lowers the amount of work (and thus GPD production) that people have to do to get through their day. |
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| Webmaster of AhoyNoob |
Aug 4 2012 at 22:41:54 GMT |
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Also we are now seeing the start of home fabrication with several models of opensource 3d printers already available. I expect over the next couple of decades those printers will become more capable, possibly able to print out electronic circuits and even complete copies of themselves. The more the machines do the work the more the GPD traditional measure of wealth is going to be at odds with reality as the ability to produce their own goods makes people wealthy in real terms yet poor in fiscal terms. |
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| Webmaster of AhoyNoob |
Aug 4 2012 at 22:47:07 GMT |
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