6) Immersive Technology economy.
At each switch, so far, the event doubled in size at regular interval (few millennia for agriculture and a few centuries for industrial). But then we suddenly switched to a new era of 60 to 250 times growth rate. 6th singularity can be summarized as
“…a future period during which the pace of technological change will be so rapid, its impact so deep, that human life will be irreversibly transformed.”
– Ray Kurzweil – 2006.
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We know from history that we are nearly unable to predict second and third degree effects of these societal revolutions. The later often have much more profound effects on society than the obvious first degree effects. The problem is not about personal ownership, it is about private ownership of means of production and resources. Personal ownership is non a issue in this kind of economy. Well on one side our lives will be controlled by corporate companies and other hand there could be an end of capitalism, this seems to us as a start of new type of capitalism, neo capitalism, i.e. controlling lives of people through technology, war and media. Who rule three of them will rule.
