Notes

Disruptive 3D Technology Considered
The other day our think tank was discussing the challenges of 3-D printing and how "Capitalism will quickly 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 at home using carbon composite layering graphene, metallic materials, plastics, ceramic materials, etc. - people don't need to go to a retail store to buy cheap products, they are able to merely print them within 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 since it takes for folks to print out the brand new evolutions of their 3D printers at home. In other words, 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 need to prepare government to step in and soften the coming economic shocks. People with no hope of finding work will need 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 need to go with mob rule to bail-out or subsidize such old tech contrary to the onslaught of the brand new. In free-market capitalism you will have shocks to the machine, however the system can realign alone and continue forward. Printing Press, Cotton Gin, TV, Air travel, mobile phones, computers, etc. and yes, what comes next will also disrupt and when companies like Boeing have anything to say "It'll fly like nothing else, and GE, DuPont, and other companies will buy up the innovators and ensure it is part of the home based business units to carry on.

Why bother propping up things such as video rental stores or one-hour photo developing franchises? get more info guess, I have more belief in free markets, mostly in hindsight. But it is only going to work if we leave our hands from it. website , minimum wage laws, subsidies, they all distort free markets, I worry more about this more than the next new thing on the bleeding age in the age of Singularity and the Internet of things. Think with this.

Lance Winslow has launched a fresh provocative group of eBooks on Innovation in the us. Lance Winslow is really a retired Founder of a Nationwide Franchise Chain, and now runs the web Think Tank; http://www.worldthinktank.net.
Website: https://cutt.ly/m79gW9A