The Fourth Industrial Revolution: what it means, how to respond. By Klaus Schwab Founder and Executive Chairman, World Economic Forum. post
Like the revolutions that preceded it, the Fourth Industrial Revolution has the potential to raise global income levels and improve the quality of life for populations around the world. To date, those who have gained the most from it have been consumers able to afford and access the digital world; technology has made possible new products and services that increase the efficiency and pleasure of our personal lives.
YOUTUBE khjY5LWF3tg Published on Apr 13, 2016.
In the future, technological innovation will also lead to a supply-side miracle, with long-term gains in efficiency and productivity. At the same time, as the economists Erik Brynjolfsson and Andrew McAfee have pointed out, the revolution could yield greater inequality, particularly in its potential to disrupt labor markets. As automation substitutes for labor across the entire economy, the net displacement of workers by machines might exacerbate the gap between returns to capital and returns to labor.
Neither technology nor the disruption that comes with it is an exogenous force over which humans have no control. All of us are responsible for guiding its evolution, in the decisions we make on a daily basis as citizens, consumers, and investors. We should thus grasp the opportunity and power we have to shape the Fourth Industrial Revolution and direct it toward a future that reflects our common objectives and values.
Fuller believed human societies would soon rely mainly on renewable sources of energy, such as solar and wind. He hoped for an age of "omni-successful education and sustenance of all humanity." wikipedia