Good points made to an important question. I trust you are familiar with the classic by Henry George titled Progress and Poverty?
And PROUT - progressive utilization theory - once basic needs are secured, and the limited physical realm is used fairly and respectfully, then humanity can proceed to true progress which is mental and spiritual expansion.
George Gilder notes that wealth is knowledge, growth is learning, and money is time. From these three propositions we can derive a theorem: The growth in knowledge can be measured with time. We operationalize this theorem in our Time Price Framework in our book Superabundance. A time price is the money price divided by hourly income. We convert money prices to time prices and then observe the time price over time. We also recognize that knowledge transforms atoms into resources. While there is a fixed number of atoms on our planet, there is no limit to the valuable new knowledge we can discover and create. Therefore our resources are infinite. It is the change in time prices over time measures the the growth in knowledge.
Only have to look at Russian Feseration to see progress is far from certain. Their current military capability is less than in 1990s and they are slowly losing ability to operate commercial aircraft. Only question is: how far will it go?
This is a good point and one I had not considered. They also have not had a single successful robotic space probe since the fall of the USSR, no truly new space hardware, and the quality of old hardware seems to be getting worse.
They developed only one thing: the Angara family of rockets. They're coming online over the last few years but they've been in development since... 1993. So yeah, they're big time stagnant.
The small lift Angara 1.2 has flown once in 2022, the heavy lift Angara A5 had a test flight in 2014, another in 2020 and a couple this year (it’s set for start of operations next year).
Is it that bad? I know we can see their decadence by the utter lack of innovation in their space sector for instance, while the US has developed groundbreaking SF-esque tech in the last 15 years; but the comment on commercial airliners seems a bit over the top.
There is one statement that stuck with me from an economics prof I had in the late 50's. There is always a point diminishing return in most everything. A point, I think that should be kept in mind when studying this stuff. Another point that some have mad is that when what is supposedly progress be recognized as failure and not be afraid to admit it, recent example, mRNA vaccines. Not enough studies have been done to conclude they are effective and safe. Think sometimes technology can outpace the human capacity to keep up intellectually and we become lost in the mire.
Re: "My mission is to ... and invest in concepts that promote a better future for all"
If you're serious, please check out PeopleCount.org, and the posts on my LinkedIn profile: linkedin.com/in/randstrauss
Thank you for sharing. I will check this out.
Feedback?
Good points made to an important question. I trust you are familiar with the classic by Henry George titled Progress and Poverty?
And PROUT - progressive utilization theory - once basic needs are secured, and the limited physical realm is used fairly and respectfully, then humanity can proceed to true progress which is mental and spiritual expansion.
George Gilder notes that wealth is knowledge, growth is learning, and money is time. From these three propositions we can derive a theorem: The growth in knowledge can be measured with time. We operationalize this theorem in our Time Price Framework in our book Superabundance. A time price is the money price divided by hourly income. We convert money prices to time prices and then observe the time price over time. We also recognize that knowledge transforms atoms into resources. While there is a fixed number of atoms on our planet, there is no limit to the valuable new knowledge we can discover and create. Therefore our resources are infinite. It is the change in time prices over time measures the the growth in knowledge.
This is amazing, isn't it?
Only have to look at Russian Feseration to see progress is far from certain. Their current military capability is less than in 1990s and they are slowly losing ability to operate commercial aircraft. Only question is: how far will it go?
This is a good point and one I had not considered. They also have not had a single successful robotic space probe since the fall of the USSR, no truly new space hardware, and the quality of old hardware seems to be getting worse.
They developed only one thing: the Angara family of rockets. They're coming online over the last few years but they've been in development since... 1993. So yeah, they're big time stagnant.
Has Angara flown more than a couple times at this point?
The small lift Angara 1.2 has flown once in 2022, the heavy lift Angara A5 had a test flight in 2014, another in 2020 and a couple this year (it’s set for start of operations next year).
Is it that bad? I know we can see their decadence by the utter lack of innovation in their space sector for instance, while the US has developed groundbreaking SF-esque tech in the last 15 years; but the comment on commercial airliners seems a bit over the top.
The Tupy-Pooley time price framework attempts to quantify and measure the growth of knowledge. May be helpful.
Do you have a link or summary to share with me? I understand the concept of "super abundance" but how it measures the growth of knowledge eludes me.
There is one statement that stuck with me from an economics prof I had in the late 50's. There is always a point diminishing return in most everything. A point, I think that should be kept in mind when studying this stuff. Another point that some have mad is that when what is supposedly progress be recognized as failure and not be afraid to admit it, recent example, mRNA vaccines. Not enough studies have been done to conclude they are effective and safe. Think sometimes technology can outpace the human capacity to keep up intellectually and we become lost in the mire.