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This got me thinking: as more of what can be produced with existing technology, is made trivial-to-produce through enhanced automation (e.g. AI), one area that
by ETH_start 4y ago
This got me thinking: as more of what can be produced with existing technology, is made trivial-to-produce through enhanced automation (e.g. AI), one area that will still require labor, and that people will still be willing to expend resources on to procure, is the creation of new technology.
It would be in our interest to remove legal impediments to raising capital for new ventures, so that more of the labor freed up by automation of existing industries can be allocated to the creation of new industries.
Such a world would see more kickstarters, equity crowdsales, crypto token sales and DAOs for collaborative creation, and more people employed in the ventures these capital raising projects fund.