Lifeboat Foundation

The technology furor that has emerged way before 2014, and swept across the country can’t be more pronounced. As many as 17 national-level innovation demonstration zones from coastal Shenzhen to inland Chengdu city have been handpicked by the State Council, or China’s cabinet, and allowed to offer favourable policies to spur innovation and drive regional economic growth based on their respective strengths and geographical advantages.

Beijing has picked 17 tech hubs across the country to transform from a manufacturing-reliant economy to one led by tech and innovation.

PUBLISHED : Saturday, 12 August, 2017, 8:16am.

Continue reading “Where is China’s Silicon Valley?” »

China’s five year plan to eliminate birth defects by preimplantation genetic diagnosis of embryos.

Gene-editing with CRISPR has been in the headlines over the past month and touted as a way of eliminating genetic diseases. But the cruder and cheaper technique of preimplantation genetic diagnosis does the same. And it is exploding in China. According to a feature in Nature, fertility doctors there “have been pursuing a more aggressive, comprehensive and systematic path towards its use there than anywhere else”.

The government’s current five-year plan for economic development has made reproductive medicine, including PGD, a priority. In 2004, only four clinics in the whole country were licensed to perform PGD; now there are 40.

Continue reading “China rushes into embryo selection” »

The UAE is funneling money meant for development projects to a think tank known to support arms sales.

Death, taxis and technology: titles in the running for this year’s Financial Times and McKinsey Business Book of the Year give a new twist to the old maxim about certainty.

The 17 books on the 2017 longlist include analyses of the implications of world-changing innovations, from the iPhone to drones; a lively account of the rise of Uber; and a sobering history of the role war, plague and catastrophe have played in shaping our economies.

Titles about the relentless march of technology dominate the FT/McKinsey annual prize.

Pan’s company is at the vanguard of a trend that could have devastating consequences for Asia’s poorest nations. Low-cost manufacturing of clothes, shoes, and the like was the first rung on the economic ladder that Japan, South Korea, China, and other countries used to climb out of poverty after World War II. For decades that process followed a familiar pattern: As the economies of the early movers shifted into more sophisticated industries such as electronics, poorer countries took their place in textiles, offering the cheap labor that low-tech factories traditionally required. Manufacturers got inexpensive goods to ship to Walmarts and Tescos around the world, and poor countries were able to provide mass industrial employment for the first time, giving citizens an alternative to toiling on farms.

Automation threatens to block the ascent of Asia’s poor. Civil unrest could follow.

A new interview I did on my transhumanist California Governor run:

On August 4th, Zoltan Istvan joined Merion West’s Erich Prince for an interview to discuss his campaign for Governor of California. Running in this race as a Libertarian, Mr. Istvan previously ran in the 2016 presidential election as a member of the Transhumanist Party. Working previously for National Geographic, Mr. Istvan is well-known for his writings on transhumanism, the movement that aims to improve human life and extend longevity through science. A pillar of his campaign for Governor of California includes a proposal for implementing universal basic income.

Erich Prince: Mr. Istvan, thank you for joining us this morning. Could you start by explaining the connection that you see between transhumanism, the movement you’re so involved with, and libertarianism?

Continue reading “Merion West Interviews Zoltan Istvan, Candidate for Governor of CA” »

Unprecedented acute concentration of wealth happens alongside these expulsions. Advanced economic and technical achievements enable this wealth and the expulsion of surplus groups. At the same time, Sassen writes, they create a kind of nebulous centerlessness as the locus of power:

The oppressed have often risen against their masters. But today the oppressed have mostly been expelled and survive a great distance from their oppressors … The “oppressor” is increasingly a complex system that combines persons, networks, and machines with no obvious centre.

Surplus populations removed from the productive aspects of the social world may rapidly increase in the near future as improvements in AI and robotics potentially result in significant automation unemployment. Large swaths of society may become productively and economically redundant. For historian Yuval Noah Harari “the most important question in 21st-century economics may well be: what should we do with all the superfluous people?”

Continue reading “Could the quest for super-intelligence and eternal life lead us into a dystopian nightmare?” »

IT IS odd that North Korea causes so much trouble. It is not exactly a superpower. Its economy is only a fiftieth as big as that of its democratic capitalist cousin, South Korea. Americans spend twice its total GDP on their pets. Yet Kim Jong Un’s backward little dictatorship has grabbed the attention of the whole world, and even of America’s president, with its nuclear brinkmanship. On July 28th it tested an intercontinental ballistic missile that could hit Los Angeles. Before long, it will be able to mount nuclear warheads on such missiles, as it already can on missiles aimed at South Korea and Japan. In charge of this terrifying arsenal is a man who was brought up as a demigod and cares nothing for human life—witness the innocents beaten to death with hammers in his gigantic gulag. Last week his foreign ministry vowed that if the regime’s “supreme dignity” is threatened, it will “pre-emptively annihilate” the countries that threaten it, with all means “including the nuclear ones”. Only a fool could fail to be alarmed.

What another Korean war might look like

Yet the most serious danger is not that one side will suddenly try to devastate the other. It is that both sides will miscalculate, and that a spiral of escalation will lead to a catastrophe that no one wants. Our briefing this week lays out, step by step, one way that America and North Korea might blunder into a nuclear war (see article). It also lists some of the likely consequences. These include: for North Korea, the destruction of its regime and the death of hundreds of thousands of people. For South Korea, the destruction of Seoul, a city of 10m within easy range of 1,000 of the North’s conventional artillery pieces. For America, the possibility of a nuclear attack on one of its garrisons in East Asia, or even on an American city. And don’t forget the danger of an armed confrontation between America and China, the North’s neighbour and grudging ally. It seems distasteful to mention the economic effects of another Korean war, but they would of course be awful, too.

Continue reading “How to avoid nuclear war with North Korea” »

With Russia looking to cure its economy of a hydrocarbon addiction, a consortium of the country’s biggest banks is proposing that it explores a different kind of gas for the answer.

The lenders, including Sberbank PJSC and VTB Group, aren’t developing gas of the natural variety. It’s also the name of a virtual unit based on the blockchain of ethereum, the world’s biggest cryptocurrency after bitcoin. The banks are hoping that by adopting the technology they will make payments safer and faster, while thrusting Russia to the forefront of a trend that’s transforming the financial industry.