It looks like someone linked you here to our printer friendly page. Please make sure you go Back to Safehaven.com for more great articles just like this one!

Manufacturing: Coming 3rd Industrial Revolution?

By: Ian Campbell | Tuesday, March 5, 2013

I suggest you take the time to read The Third Industrial Revolution. This comparatively short article discusses how its author believes the Internet, robotics, artificial intelligence, biotechnology and their collective integration are about to "launch a new era".

The central idea put forward is that "the Third Industrial Revolution will 'collapse the distance between the design of a product and its physical manufacture". This is very important in the context of what I consider to be a major peripheral issue that I suggest has a very real chance over the longer term of changing society, and potentially assisting in the promotion of societal havoc.

The article, while an interesting summary, fails to discuss that 'major peripheral issue' that I believe is likely to result from the increased integration of technology into manufacturing as that has a high probability of happening at an increasing pace over the next years and decades.

That issue: How will the increasingly larger portion of the population that will be unemployed cope with 'life without opportunity and meaningful work' due to a combination of:

Simply put, will all the unemployed people:

Obviously this is extreme 'futuristic style' thinking - but I am sure you get the idea.

In the next ten years, not likely. In the next fifty years, perhaps!

Topical Reference: The Third Industrial Revolution, from Real Clear Markets, Robert Tracinski, March 3, 2013 - reading time 4 minutes.

 

Author: Ian Campbell

Ian R. Campbell, FCA, FCBV
Economic Straight Talk

Through the Economic Straight Talk Newsletter Ian R. Campbell shares his perspective on the world economy, the financial markets, and natural resources. A recognized business valuation authority, he founded Toronto based Campbell Valuation Partners (1976), Stock Research Portal (2007) a source of resource companies market data and analytic tools, and Economic Straight Talk (2012). The CICBV* annually funds business valuation research in his name**. Contact him at icampbell@srddi.com.
* Canadian Institute of Chartered Business Valuators
** through The Ian R. Campbell Research Initiative

The full version of The Economic Straight Talk Newsletter is published each trading day. To get your Free 14-day trial subscription, visit economicstraighttalk.com. No obligation or credit card required.

Informed Investors are Successful Investors

Comments and opinions expressed in these commentaries are those of the authors. They do not constitute individualized investment advice, are provided "as is", may change without prior notice, and are used at your own risk. The information and content provided or referenced may be incomplete, inexact, or incorrect. Your use of these commentaries is subject to the Economic Straight Talk Terms of Use and Legal Disclaimer

Copyright © 2011-2013, Stock Research DD Inc., all rights reserved