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Yes, I also understand that what the author talks about is a change in focus. Similarly, when he talks about the transition from the agrarian age to the industr
by slx26 9y ago
Yes, I also understand that what the author talks about is a change in focus. Similarly, when he talks about the transition from the agrarian age to the industrial, he doesn't imply "land" disappeared, that would be absurd.
I would also add that the author seems to be talking a lot about the transition, so maybe it's not so much "we have enough capital now", than "we're getting there in a few years/decades", and hence the question about what lies ahead. Well, he actually writes that:
> Capital is already no longer scarce in some parts of the world and rapidly less scarce everywhere.
Rapidly is a very relative term in this context.