Erik Mesoy
Core Tester / Intern
As the technological singularity approaches, I expect a matter replicator, fabricator or similar technology to come into existence. It may be based on nanotechnology, and will certainly require ludicrous amounts of energy to shove atoms and molecules around. However, I also expect technology for acquiring or producing said amount of energy to come into existence, whether based on fusion, effective capture of solar energy, or some other effective power source. We will assume a energy source in the following, as this discussion is not meant to center on possible energy sources. (Anyone who wants to do so may start another thread. If no such energy source develops, the result is little more than increased revenue for power companies as payments are made to them instead of manufacturing companies, thus mooting the question.)
This may seriously damage the economy. The ability to turn chunks of rock into a house or car for the cost of energy and time, without human work, may put construction workers and car manufacturers out of a job. Farms may no longer be required as anything may be turned into food. At best, they are likely to produce connoiseur (sp?) or nostalgia food. According to this article, the US economy includes the following employments "manufacturing, mining, transportation, and crafts (23.7%), farming, forestry, and fishing (2.5%)" and has as its main industries "petroleum, steel, motor vehicles, aerospace, telecommunications, chemicals, electronics, food processing, consumer goods, lumber, mining, defense".
The question is then: Will we be better or worse off with widely available replicator technology/access?
Replicator supporters may make the argument that this is similar to abandoning the gold standard and that we'll be better off with less total work to be done. The counterarguments may include the argument that work is not fungible and will not be redistributed effectively, and the reduction in total work may lead to deflation, not to mention that it may be possible to replicate currency. This might be resolved by digitizing currency, and there are a host of other arguments to discuss, such as the [wiki]broken window fallacy[/wiki] in reverse.
I gave my opinion in this thread:
This may seriously damage the economy. The ability to turn chunks of rock into a house or car for the cost of energy and time, without human work, may put construction workers and car manufacturers out of a job. Farms may no longer be required as anything may be turned into food. At best, they are likely to produce connoiseur (sp?) or nostalgia food. According to this article, the US economy includes the following employments "manufacturing, mining, transportation, and crafts (23.7%), farming, forestry, and fishing (2.5%)" and has as its main industries "petroleum, steel, motor vehicles, aerospace, telecommunications, chemicals, electronics, food processing, consumer goods, lumber, mining, defense".
The question is then: Will we be better or worse off with widely available replicator technology/access?
Replicator supporters may make the argument that this is similar to abandoning the gold standard and that we'll be better off with less total work to be done. The counterarguments may include the argument that work is not fungible and will not be redistributed effectively, and the reduction in total work may lead to deflation, not to mention that it may be possible to replicate currency. This might be resolved by digitizing currency, and there are a host of other arguments to discuss, such as the [wiki]broken window fallacy[/wiki] in reverse.
I gave my opinion in this thread:
Personally, I'm in agreement with Arthur C Clarke. I don't remember the exact quote, but he opined that we should strive for a zero-hour workweek. This requires the destruction of the current economic system.
(There's also the general question of whether technological advancement should not exceed a certain adoption pace in order to prevent damage to the economy caused by the obsoletion of old technology that the economy is dependent on.)... along with robots. Oooooooh robots. Yay!