Daily Archives: April 25, 2013

By: Lee Coburn

Humanity is now entering the fourth economic paradigm. First we were hunter gathers, second farmers, third the industrial revolution. Now the fourth paradigm, where transhuman entrepreneurs, utilizing both neurological and machine augmented intelligence, are replacing capital as the economic driving force in free market economies.

In the last 40 years computers and robots have replaced humans in more than 9 million traditional jobs. This trend is accelerating as Intelligent Self-Educating Computer Systems (ISECS) like WATSON, WolframAlpha, Quora and others are moving from the lab into the cloud.

Humanities golden age? Possibly, but like the start of the industrial revolution it is the transition thats scary, creating unemployment, pain and suffering. Today transhuman entrepreneurs are pulling us into a new age where bioinformatics, nanotechnology, 3D printers, ISECS, and robot slaves will do our work, freeing us for love, play and fun.

For this document we define Transhumans to be free thinking, courageous doers, who, use augmented intelligence, to harness the frontiers of human knowledge and technology.

During the industrial revolution vast amounts of capital were needed to start and build railroads, steel mills, auto factories and giant retail businesses like Montgomery Wards. The world economies were driven by the need for capital, hence the name capitalism. Today most American steel mills have closed, General Motors has filed for bankruptcy, and Montgomery Wards is history.

The fourth economic paradigm is being created by transhuman entrepreneurs who use the internet and advance computer systems to augment their intelligence, enabling them to better utilize our growing scientific and technological knowledge. Look at the market value of companies started by transhumans like Bill Gates, Steve Jobs, Peter Diamandis, Ray Kurzweil, Larry Page, Sergy Brin, Mark Zuckerberg and thousands of others. Rather than needing capital, these companies are generating trillions of dollars of surplus capital.

Golden age of opportunity: Because scientific and technological knowledge is developing exponentially, there are more entrepreneurial opportunities today than at any other time in human history. Best of all. there are no formal educational requirements, school dropouts like Bill Gates, Steve Jobs and other entrepreneurs with even less education outnumber those with Ph. Ds..

Today 90% of all scientists and inventors that have ever lived are alive and working. They are producing more new opportunities every 15 years, then were produced in the last 100. And the last century was very inventive with TVs, computers, space travel, washing machines, airplanes, autos and much more! Check out the website http://www.kurzweilai.net/, where their daily newsletter documents five to twelve new scientific and technological advancements. Many of these discoveries point to new products and industries.

Entrepreneurs themselves are a major source of new opportunities. When the Wright brothers invented the airplane they created opportunities for airplane manufacturers like Boeing. They also created thousands of second tier opportunities. These, for the most part are low tech, like food services, airport support, travel agents and manufacturers of airplane seats, etc.. It is in this second tier where historically businesses have earned the most money and created many new jobs. So, the more entrepreneurs there are, the more new opportunities there will be.

More here:
Capitalism is Dead. Long Live Transhumanism. - H+ Magazine