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Economic Repercussions of Believing in a Singularity

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Uploaded by on Nov 13, 2008

Economist and Smith College Professor James Miller on the economic repercussions of a population believing in a singularity at the Singularity Summit 2008.

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News & Politics

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  • The problem with that line of thinking, is that the average person doesn't save how it is. No one is going to stop saving because they believe in the singularity. However tons of people stop saving because they believe the government will come bail them out and pay for their retirement.

  • funny I have been thinking the same stuff, I thought that you were going to confirm that there was an economic plan behind this propaganda, like they think believing in it will help economies and probably help the singularity really happen

  • Easy, some will want to perpetuate our species amongst other star systems. Besides, some of the technology will be limited to humans in the blastocyst stage, at least in the early stages of the singularity.

  • Well, I don't think most people will change the way they live right now, simply because of the possibilities which may occur in the future. Most people just don't worry about the future that much.

    On the other hand, once I started thinking about Singularity, which was recently, I did start to worry about my survivability, and my health right now. Maybe that's a good thing though.

    It's more troubling to think maybe, that anticipation of Singularity might somehow slow it's arrival, economically.

  • interesting point of view.

  • Utopia and Heaven is NOW.

    waiting for an event to cause people or society to change, is a disempowering belief that will perpetuate the current political-monetary power structure, and with the aid of even more advanced technologies they will emerge the rulers of us all.

    The public is already dumb down and oblivious, most of their thoughts and opinions not their own anyways.

    The Revolution is NOW.

  • y not?

  • Current early adopters in the singularity are not tossing out their cars, or their retirement funds, instead they focus tremendous resources in the most productive way to bringing about the singularity. Since they are setting this trend I believe that future participants will follow these actions. Monkey see, monkey do.

  • A rational exuberance as more and more people become aware of it and then become participants in the trend. Early adopters are usually doubted when they jump on the beginning of a trend but as more and more individuals are convinced it increases the momentum in that trend and yes the singularity becomes self fulfilling as more energy is devoted to fulfilling it.

  • I beg to differ on several points you make in your video. The repercussions will be on an order of magnitude relative to the percentage of people in society that become aware of it. If the majority ignore the signs or doubt it then they will more than likely not prepare and the progress will be slow. But with every macro economic trend there is an acceleration.

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