Notes

Disruptive 3D Technology Considered
The other day our think tank was discussing the challenges of 3-D printing and how "Capitalism will begin to suffer damage when 3D printing starts to affect the retail distribution chain." Consider in the event that you will that later on people will be 3D printing in the home using carbon composite layering graphene, metallic materials, plastics, ceramic materials, etc. - people won't need to go to a shop to buy cheap products, they are able to merely print them in their living room. Think about the jobs at the major retailers, what about the management in retail, the buyers, truck drivers, warehouse staff? Those jobs gone?

When does this happen - as 3D printing technology matures. How fast will that happen - as fast as it takes for people to print out the new evolutions of these 3D printers at home. Put simply, the technology will outpace the ability of the markets to react. Capitalism is great at eliminating losers. The problem is that retail is a loser almost overnight (10-15 years). Enjoy watching the few remaining Macy's Thanksgiving Day parades.

One think tanker who leans left-politically suggested that "We must prepare government to part of and soften the coming economic shocks. People who have no hope of finding work will require food, shelter and health care."

Not so fast, my capitalist brain screams - you see, yes, disruptive technology always threatens the incumbents in the market-place, but that's okay, if the free-market is working right, everything re-adjusts. If we have crony capitalism subsidizing, or governments nationalizing to prop up dying industries that's when we have problems.

In socialism the leaders who use populist themes have to opt for mob rule to bail-out or subsidize such old tech contrary to the onslaught of the new. In free-market capitalism there will be shocks to the system, but the system can realign alone and continue forward. Printing Press, Cotton Gin, TV, Flights, mobile phones, computers, etc. and yes, what comes next will also disrupt and if companies like Boeing have anything to state "It will fly like nothing else, and GE, DuPont, along with other companies will buy up the innovators and make it part of the new business units to carry on.

Why bother propping up things like video rental stores or one-hour photo developing franchises? I guess, I've more belief in free markets, mostly in hindsight. Nonetheless it is only going to work if we leave our hands from it. Price controls, minimum wage laws, subsidies, each of them distort free markets, I worry more about that more than another new thing on the bleeding age in the age of Singularity and the Internet of things. Think with more info .

Lance Winslow has launched a fresh provocative group of eBooks on Innovation in America. Lance Winslow is really a retired Founder of a Nationwide Franchise Chain, and today runs the Online Think Tank; http://www.worldthinktank.net.
Here's my website: https://www.axonnsd.org/how-to-clean-earrings/