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Sandy Walker's avatar

I appreciate this positive, hopeful outlook on our future. Thank you! It is men like you that will inspire the next generation to do boldly optimistic things we cannot even imagine right now.

The one paragraph that made me laugh was this: A public reckoning with the billionaire class forced them to contribute a much more equitable portion of their vast wealth to the common coffers and accept much stricter limits on how they could use their wealth to influence politics. That seems highly unlikely but anything is possible!

Keep writing, Peter - we need people who see like you do. It reminds me of the movie, Tomorrowland. They realized that the reason things were going badly was all the negative voices in society. Once that was changed, suddenly everything shifted because with hope comes motivation and energy to make the world a better place.

Arthur Smith's avatar

well done Sir,

interesting forecast, and i think defensible on the whole.

it could go down like you suggest economically if the leaders in DC (and especially the DNC) stop thinking like Keynesians - this isn't 1920, and we are moving to a cyber driven economy.

i hit a few bumps in the road:

in 1930, the fed hired a lot of people (and just grew after that). if the fed becomes more efficient, as you expect, where will these people be employed? i don't recall you noting a UBI, but i suspect it will be part of the new formula that comes from the super majority you noted. the balance will have to be between "individual liberty with wealth accumulation" v "equity with government subsidization".

the "new cold war" with china will not go away. it might be less threatening than the cold war with the ussr, but geopolitical forces are not changed by AI - the US will still want a buffer between china and the pacific ocean (that is s korea, japan, australia, and duh duh duhhhhhh taiwain...); however, trump is already attempting to make the relationship one of mutual economic benefit (within the boundaries of china being blocked from direct, unfettered access to the pacific).

another china concern might be the significant population drop that will hit china. hopefully their leader will not pursue a desperate act of aggression as a last chance to grab control before the population and/or economy recedes...

i do question your optimism regarding education. the idea that people will retool for the next economic reality doesn't seem to apply anymore. when it required new "physical" skills it seemed to work that way pre-1970. but now the switch is from physical to intellectual. the skilled workers of the rust belt did not retool from welding, pipe fitting, etc. to programmers, system admins, etc.

i have trouble believing that the issue with education is the ability of teachers to teach. though i think they stop changes in the educational system that our nation and economy need... no, the problem is individuals not applying themselves, and parents not imposing education on their kids. my grandparents (witnessed the change from horse and buggy to flight) drove my parents to get a college education. they made many sacrifices so their kids (my parents) weren't uneducated. where i grew up, my parents generation as not near as gung-ho about their kids going to college. thus, the majority of my peers can use a computer, but have no clue how to make one work. them understanding AI (automated statistics) is a joke... just my view, and as defensible as any other i've seen on the topic.

human nature, like geopolitical forces, will not change between now and 2050...

still, bravo for you for putting this out there!!

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