“The Price of Tomorrow” by #[0]​ summarized by ChatGPT (if you haven’t read it you should do so):

1. Technological progress is exponential and is accelerating, which will inevitably lead to deflation and job displacement.

2. The current economic system, which is based on debt and inflation, is unsustainable and will collapse under the pressure of technological progress.

3. To avoid a catastrophic collapse, we need a new economic system that leverages technology to create a more equitable and sustainable future.

4. The key to success in the future is to embrace innovation and collaborate with technology, rather than trying to resist or control it.

5. Artificial intelligence, robotics, and automation will continue to replace human labor, which will require a fundamental shift in the way we think about work and employment.

6. The education system needs to be reformed to prepare future generations for a world where innovation and adaptability are essential.

7. The future will be characterized by abundance, but we need to be willing to adapt and change our thinking to get there.

8. We need to address the issue of income inequality, which will become more pronounced as technology continues to disrupt the job market.

9. Governments and policymakers need to be proactive in anticipating and addressing the challenges that will arise from technological progress.

10. The future is not predetermined, and we have the power to shape it by embracing innovation and working together to create a better world.

Reply to this note

Please Login to reply.

Discussion

The actual book is even better.

JRE candidate #1

#[3]

/me plays Bob Dylan’s “For the times are-a changing”.

Seriously though… I have a feeling education needs to undergo a paradigm shift itself. I highly recommend Ken Robinsons “Changing education paradigms.”

https://youtu.be/zDZFcDGpL4U

Great summary…

Reading this right now! 👍

So, re 1: deflation of current goods and services. They wi be backfilled by said new innovation that will demand premium prices, thus leading to abundance.

Re: Income inequality. That will fix itself due to Bitcoin scarcity. Capital allocation will be to the highest innovation and most productive people. Hence, while there maybe an uneven start, the whales will become smaller (too comfortable) and the shrimp will gain (more hungry).

Re: government, not needed. Local communities will govern themselves surrounded by local values.

Re: labor; due to abundance, people will value art, architecture snd philosophy. And due to automation, there’ll be a lot more time for it.

Zapped ⚡️

Funny how ChatGPT didn’t mention; “Bitcoin … is an attempt at a possible solution.”

Page 201 of the paperback edition

I found it very interesting that that mention of Bitcoin on page 201 of the 208 page book. And yet as each day passes the possible solution seems more likely the saviour of the worlds fiat monetary systems.

I think mentioning Bitcoin at the end of the book was much more effective than presenting it from the start.

People can’t understand the potential of a solution until they understand the problem.

Burying the lead, so to speak, after fully explaining the depth of the problem makes the reader naturally more receptive to the solution once presented because they’re searching for it.

You have to meet people where they are, not where you want them to be, and that starts with agreeing that a problem exists.

This is how I run my class economy. We go through five periods - barter, feudal, present day, technocratic communism, then end with bitcoin. My students know by the end of the year what problem btc solves.

Be sure to spend plenty of time on the economic stupidity of communism and highlight the 100 Million + deaths that evil ideology has wrought unto the world. It’s a disgrace that kids aren’t completely anti-communist by their teens, fiat education has failed.

They feel the stupidity of every epoch :) You should see what happens when I flood the market with liquidity, give some students large sums of money, and then bid up the prices at our marketplace!

The confiscation and redistribution of property is equally as effective!

Haha that’s the way! 🤣

I’ve explained fiat to friends before using postit notes as currency, they quickly understood how powerful it is to have a monopoly on the postits and how inflation actually occurs.

Agreed. I think I’m right in recalling that even The Bitcoin Standard barely even mentions Bitcoin until one of the later chapters. Much more time is devoted to describing the problem, and relatively little to Bitcoin itself, notwithstanding the title of the book.

Yes, you’re correct. The premise being that until you understand how broken the fiat system is you cannot understand or appreciate the solution.

That’s so true, and well expressed

In case you haven’t read it yet:

#[0]

🤙⚡️

I don’t like the chances of no.9 happening!