Dear Mum,
We’ve missed you over the ten long years since you passed away. You wanted me to write to you to tell you what’s happened, so now in 2030 I am fulfilling that wish.
“[T]he idea is hardly new: In fact, it has resurfaced repeatedly over the centuries at times of economic transformation, winning allies across the ideological spectrum.”
Our economy is increasingly ruled by a few dominant firms. We see them everywhere, from established giants Amazon, Facebook, Google, Apple, and Walmart to fast-growing newcomers like Airbnb, Tesla, and Uber. There have always been large companies and outright monopolies, but there’s something distinctive about this new generation of what some economists call superstar companies. They appear across a broad range of business sectors and have gained their power at least in part by adeptly anticipating and using digital technologies that foster conditions where a few winners essentially take all.
Superstar companies are dominating the economy by exploiting a growing gap in digital competencies.
The UK government has revealed how investing in the space industry will form a key part of its strategy for boosting economic growth.
At the heart of the government’s strategy is a pledge to invest £99 million to create a National Satellite Testing Facility (NSTF) and another £4 million investment for a new National Space Propulsion Facility (NSPF).
Phase 1, which was the Design part of the competition, was completed back in 2015. Phase 2 is the Structural Member Competition, and the most recent level challenged competitors to 3D print a beam for bend testing. Scores were calculated based on the final material composition of the 3D printed beam and the maximum load that could be held before it failed.
Seoul-based Moon X Construction were not eligible for prize money, but $67,465 was awarded to Form Forge of Oregon State University for the second place entry. Foster and Partners with Branch Technology of Chattanooga, Tennessee came in third, earning $63,783, after getting $85,930 for getting first place in the first round of Phase 2. Fairbanks University of Alaska and CTL Group Mars of Illinois came in fourth and fifth respectively, with Singaporean team ROBOCON finishing in sixth place.
The vital question for governments around the world, whatever their country’s economic situation, needs to be: what is the future of work in an era of exponential technological development?
Facebook founder and CEO Mark Zuckerberg took a trip to Homer, Alaska, this weekend to do characteristically Alaskan things, like catching fish, cutting fish, watching other people catch fish, oh, and thinking hard about the concept of basic income.
Zuckerberg visited Homer as part of his personal challenge to visit every state in America in 2017. While there, he took some time out of fishing to write a blog post about Alaska’s Permanent Fund Dividend, a state-sponsored form of basic income that redistributes profits from the state’s natural resources to its residents once a year, usually handing them around $1,000 per person (some years as much as $2,000).
“This is a novel approach to basic income in a few ways. First, it’s funded by natural resources rather than raising taxes,” Zuckerberg wrote. “Second, it comes from conservative principles of smaller government, rather than progressive principles of a larger safety net. This shows basic income is a bipartisan idea.
Continue reading “Facebook Founder Mark Zuckerberg Again Calls for Basic Income” »
➡🖒⛧Well worth a listen!⛧🖒⬅.
Robots moving deeper into the American workplace—how much decision-making will we turn over to machines?
For all the change that has come with the digital revolution – in the ways we work and communicate and do business – the real impact still lies ahead. Computers – machines themselves – are become smarter all the time. That intelligence is being wired into real world action. That’s overturning giant companies. It’s moving in on what we thought only humans could do. Andrew McAfee and Eric Brynjolfsson are on it. It’s exciting. And terrifying. This hour On Point: intelligent machines move in. — Tom Ashbrook
The two academic authors from Massachusetts Institute of Technology, who became the pin-up boys of the Davos crowd for their previous book on The Second Machine Age (2014), do a neat job of scanning the technological horizon and highlighting significant landmarks. This is a clear and crisply written account of machine intelligence, big data and the sharing economy. But McAfee and Brynjolfsson also wisely acknowledge the limitations of their futurology and avoid over-simplification. No one can really have much idea how the business world is going to evolve or predict the precise interplay between all these fast-changing forces.
A new book by the authors of ‘The Second Machine Age’ suggests that digital disruption is coming to the corner office.
