tag:blogger.com,1999:blog-36733892.post2474650869854910000..comments2024-03-22T11:13:26.808+00:00Comments on Life is a Mind Bending Puzzle: A Schoolboy Economist's views on DRM and the Future of Western Civilisationmbphttp://www.blogger.com/profile/09037758442729422620noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-36733892.post-89214965472427562202010-04-14T02:02:21.341+00:002010-04-14T02:02:21.341+00:00It's mostly just whining by the big music comp...It's mostly just whining by the big music companies. It's all happened before. Only difference is this time they are bigger and therefore have stronger lobbying powers. They're not interested in a compromise like they use to have with tapes.<br /><br />Stabs, you're being rather negative about the economic outlook. Economies will keep growing. And, yes, the "Asian Tigers" will keep growing faster for some time yet.<br /><br />All the cheap renewable electricity that's on the drawing boards will spur on even more growth. Latest generation solar cells are so cheap and fast to produce on massive scales that it'll change the world almost unbelievably. The often bandied around all-electric car will happen this time for sure.<br /><br />Then fusion power ... In a few decades time the base load capacities will need superconductors for transmission!<br /><br />Then the space elevator ... all 36000km of it straight up ... now that's something I'd love to ride! :)<br /><br /><br />SolbrightAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-36733892.post-61787027584937311012010-04-11T18:07:44.604+00:002010-04-11T18:07:44.604+00:00I wouldn't lose sleep over it.
Just make sure...I wouldn't lose sleep over it.<br /><br />Just make sure your pension is not dependant on the state of the Irish economy and welfare system in 2035.<br /><br />The government will have less money but property will still be reasonably valuable until later in the century and pension funds based on the stock market will be really healthy*<br /><br />I don't know the Irish system but to put it in my native terms as a Brit my National Insurance is rather wasted as I'll see very little of that back from my government but my private pensions and my flat are perfectly viable assets for my lifetime.<br /><br />(*Assuming no major changes in the status of the world such as World War, armageddon, climate collapse etc).Stabshttps://www.blogger.com/profile/08716211705647213383noreply@blogger.comtag:blogger.com,1999:blog-36733892.post-48535851551207073322010-04-10T08:34:17.004+00:002010-04-10T08:34:17.004+00:00@stabs said Seems inconceivable to me that western...@stabs said <i>Seems inconceivable to me that western economies will continue to be richer than anyone else's as we progress through the century.</i><br /><br />To be honest this is the thought that keeps me awake nights. For the last twenty years the story of development has been all about second world nations doing their best to catch up with the wealth levels of the first world. As we go forward it seems much more likely to me though that instead of everyone else catching up with the first world a much more likely scenario is that the standard of living of former first world nations will fall back to that of every one else.mbphttps://www.blogger.com/profile/09037758442729422620noreply@blogger.comtag:blogger.com,1999:blog-36733892.post-59531378688538481982010-04-10T03:12:19.464+00:002010-04-10T03:12:19.464+00:00Yeah this pretty much nails it.
Seems inconceivab...Yeah this pretty much nails it.<br /><br />Seems inconceivable to me that western economies will continue to be richer than anyone else's as we progress through the century.<br /><br />Everything of value we export could be made cheaper elsewhere.<br /><br />Obviously in games the cheaper areas are still struggling with production values - crappy Korean games and money-grabbing Russian f2ps.<br /><br />But Allods came really really close until they got greedy.<br /><br />It also doesn't help that the US games industry is exploding with litigation at the moment adding considerably to the cost of business.<br /><br />Here in the UK our government announced tax breaks for games companies in the recent budget. Too little too late though.Stabshttps://www.blogger.com/profile/08716211705647213383noreply@blogger.com