In attention to the multiple changes occurring in all areas of human endeavor, Space Renaissance USA, a group dedicated to promoting US leadership of civilian space development, wishes to point out that pressure is building within Earth’s planetary bounds and that restricting civilian space development could lead to greater consequences than those of the predicted Dutch Disease and gravity well isolation issues that we of Space Renaissance USA have previously presented.
Briefly, we will refer to Dr. Peter Diamandis’ (Founder and Executive Chairman of the XPRIZE Foundation) predictions and observations on the progressive lowering of costs of basic necessities that will lead to the demonetization of most human necessities. You can see the video here: https://youtu.be/3cXPWyP0BBs. He implies that within the next few decades it will be relatively more expensive to charge for some services than it is to provide them, and he waxes poetic on the opportunities for humanity to transform itself, to redesign itself without the concern of basic survival and the need to work for a living. In fact, he suggests that creative work will be the most critical in the coming decades, as humanity develops more and new ways to interact with its environment.
Sadly, the leading world powers who wish to maintain dominance and centralized control as their path to greatness are falling behind. They are mighty in the military prowess field, but not in the renaissance or disruptive technologies that are transforming the world. It is the disruptors of the global economy, the innovators that have migrated from places where they were not allowed to be creative, to develop their innovations, who are decentralizing human advancement and using the tools of participative governance and global markets to develop their ever-cheaper alternatives to traditional services and products. Many countries are quietly supporting this “brain drain”, this movement of intelligent innovators from their place of birth to a place that will allow them broad success, as former world migration magnets lose their attractiveness for the geniuses among us.
So, what are some of Dr. Diamandis’ suggestions?
First of all, hydrocarbons and coal industries are in for major changes as clean solar power gradually replaces traditional energy systems. We could imagine that the first place this will take place is in locations that have suffered major natural disasters that destroyed existing distribution networks, grids and systems.
Second of all, robotics and AI will continue to replace certain traditional job markets, making union-busting moot, cruel and foolish since unions could be instrumental in transforming old tech workers into new tech employees.
Additive Manufacturing (including nanobot and 3D printing processes) can already create complete houses in a matter of hours, and at low cost, which will impact on the construction industry and construction materials markets, such as steel and concrete. He made no mention of transition technologies where the old and new construction methodologies leverage each other to meet market needs and interests.
Space X initiatives are demonstrating that traditional limits to our technology are simply not absolute and disruptive innovators are already creating new opportunities for human endeavor.
Yet, as he points out, there are risks to individuals in this global and human process: many individuals could find themselves worse off, much as buggy whip makers and their employees did after the advent of the Model T automobiles.
The Dutch Disease could arise in unprepared countries as a result of these new technologies, and protectionism is not the answer because the affected industries will be draining their nation’s wealth every day they refuse to adapt and work with the new realities. Adam Smith was quite clear in considering that a Nation’s wealth is not measured just by monetary values, but that it requires looking at all the elements of life quality and resources the populace has at its call and beckon. So our suggestion is simply that all organizations begin to think about change and how to navigate towards their desired goals working with change and not trying to block or escape from it.
The 21st Century is already characterized by national polarizations around truly difficult issues such as global migration, class and wealth divisions, diversity and inclusion, and the empowerment of previously excluded segments of society, to mention a few. This is nothing compared to the threats of a demonetized society as described by Dr. Diamandis and envisioned if we simply project societal developments since the 15th Century Renaissance to today: greater individual freedoms, intellectual advancement, industrial and economic capacity, and more show no signs of stopping, and feudal, authoritarian and centralized structures continue to lose ground to decentralization, participation and individual freedoms. These and not “Dutch Disease” or other economic risks, are the true challenges to humanity because far too many individuals are enamored of the past and want to return to outhouses and oil lamps instead of embracing the benefits of the future.
Manny Perez, MPA,
President of Space Renaissance USA and founder of Coach Hispano Inc.
Crypto and Digitized Currency Advisor at the new CRYPSA and Author of “CASH IN” and developer of the concept of monetary ecosystems.