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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
Business Transition Simplified

Through his website and his Business Transition & Valuation Review newsletter Ian R. Campbell shares his perspectives on business transition, business valuation and world economic and financial markets influences on those two topics. A recognized business valuation and transition authority, he founded Toronto based Campbell Valuation Partners Limited (1976). He currently is working to bring his business valuation and transition experience to both business owners and their advisors in our new economic, business and financial markets normal.

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