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"The economy of the last century was primarily based on natural resources, industrial machines and manual labor. It was an economy where many of these resources
by crag 14y ago
"The economy of the last century was primarily based on natural resources, industrial machines and manual labor. It was an economy where many of these resources were zero sum and controlled by companies. If someone else had an oil field, then you did not. There are only so many oil fields, and there is only so much wealth that can be created from them for society. Today’s economy is very different. It is primarily based on knowledge and ideas — resources that are renewable and available to everyone."
Ok that's absurd. The economy today (and in the future) is based on resources. Period. It takes resources to produce ipads, food, sheets, clean water (even dirty water), cars, soap, condoms, films, power, etc, etc.
I mean, why do you think we maintain our huge Army? It's our abundance of resources that allow us and Zuckerberg to do what we/he does. And now out in the field gathering food.
Even when it all comes crashing down. It'll be a race for food, water, and salt. Not a race for webapps.