By trying to force monetary inflation onto naturally deflating prices (thanks to technology) and demand (thanks to demographics and debt weight), policy makers are fighting a counter-productive battle that is wasting time and our finite resources. For a insightful discussion on this topic read: Why we need to embrace deflation. We must look forward and evolve past antiquated thinking and models. Yes we can.
Also watch The Fourth Industrial Revolution. Here is a direct video link.
Ubiquitous, mobile supercomputing. Artificially-intelligent robots. Self-driving cars. Neuro-technological brain enhancements. Genetic editing. The evidence of dramatic change is all around us and it’s happening at exponential speed.
Previous industrial revolutions liberated humankind from animal power, made mass production possible and brought digital capabilities to billions of people. This Fourth Industrial Revolution is, however, fundamentally different. It is characterized by a range of new technologies that are fusing the physical, digital and biological worlds, impacting all disciplines, economies and industries, and even challenging ideas about what it means to be human.