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  1. #1

    Why the Cost of Living Is Poised to Plummet in the Next 20 Years

    " . . . what people aren’t talking about, and what’s getting my attention, is a forthcoming rapid demonetization of the cost of living. Meaning—it’s getting cheaper and cheaper to meet our basic needs.

    Powered by developments in exponential technologies, the cost of housing, transportation, food, health care, entertainment, clothing, education and so on will fall, eventually approaching, believe it or not, zero . . .

    To me, “demonetization” means the ability of technology to take a product or service that was previously expensive and make it substantially cheaper or potentially free (in the extreme boundary condition). It means removing money from the equation.
    Consider Photography: In the Kodak years, photography was expensive. You paid for the camera, for the film, for developing the film, and so on. Today, during the megapixel era, the camera in your phone is free—no film, no developing. Completely demonetized.


    Consider Information/Research: In years past, collecting obscure data was hard, expensive in time if you did it yourself, or expensive in money if you hired researchers. Today, during the Google era, it’s free and the quality is 1000x better. Access to information, data, and research is fully demonetized.
    Consider live video or phone calls: Demonetized by Skype, Google Hangouts, the list goes on:


    So will sexbots demonetize the divorce industry? lol






  2. #2
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    Re: Why the Cost of Living Is Poised to Plummet in the Next 20 Years

    Don't get me wrong, I would like to see these things happen, but there's not a chance in hell. Giving people an income for setting on their ass's? Cheap housing? Easy transportation? Price a food in the store's going down? Reduce the cost of health care?

    Is there anybody out there stupid enough to believe the authority's will ever spend a minute of their busy day trying to make these things happen? You know they never will as long as there are profits to be earned.


    The political types have a problem. They owe millions a boomers the retirements they were promised. Now our lawmakers don't want to pay, but there's too many boomers for them to stonewall. So the plan is to fund their retirements with inflated dollars. Now the governments not going to admit this, but it's their plan. We better get used to more inflation, not less.
    Last edited by frog; April 6, 2019 at 8:18 PM.
    Every day I make the world a little bit worse.

  3. #3

    Re: Why the Cost of Living Is Poised to Plummet in the Next 20 Years

    The government didn't create smartphones, Craigslist or Itunes - private companies did. Free market competition created these products which now cost little or nothing. You are confusing and comparing "the Authorities" with Apple Company - government bureaucrats / politicians and Steve Jobs types are not in the same business; you are comparing Apple Corp with oranges!

    Quote Originally Posted by frog View Post
    Don't get me wrong, I would like to see these things happen, but there's not a chance in hell. Giving people an income for setting on their ass's? Cheap housing? Easy transportation? Price a food in the store's going down? Reduce the cost of health care?

    Is there anybody out there stupid enough to believe the authority's will ever spend a minute of their busy day trying to make these things happen? You know they never will as long as there are profits to be earned.


    The political types have a problem. They owe millions a boomers the retirements they were promised. Now our lawmakers don't want to pay, but there's too many boomers for them to stonewall. So the plan is to fund their retirements with inflated dollars. Now the governments not going to admit this, but it's their plan. We better get used to more inflation, not less.

  4. #4
    Senior Member Zoidberg's Avatar
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    Re: Why the Cost of Living Is Poised to Plummet in the Next 20 Years

    All I can say is these singularity folks should get out of their heads more often. Cost of living going down? Fuck me, I must be living in the wrong part of the world.

    Will those yet-to-be-seen “exponential technologies” reduce the energy required to produce food, manufacture vehicles & houses, and so on? Will they also reduce waste production and pollution?

    Exponential my ass.


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    Re: Why the Cost of Living Is Poised to Plummet in the Next 20 Years

    Quote Originally Posted by CPRA View Post
    The government didn't create smartphones, Craigslist or Itunes - private companies did. Free market competition created these products which now cost little or nothing. You are confusing and comparing "the Authorities" with Apple Company - government bureaucrats / politicians and Steve Jobs types are not in the same business; you are comparing Apple Corp with oranges!
    I suppose your right, but that's not going to lower the cost of housing , food, or health care any. As far as Apple goes, despite their cool stuff they'll take advantage of you just like anybody else.
    Every day I make the world a little bit worse.

  6. #6

    Re: Why the Cost of Living Is Poised to Plummet in the Next 20 Years

    Food prices aren't going lower? I saw an article about Chinese entrepreneurs developing cockroach farms - high protein, cheap, you can have the fried cockroaches for dinner or the new Soylent Green product that came out not too long ago. Food will be cheaper and better for you soon! Plenty of Brawndo to drink along with it! Brawndo, it's got what plants crave! It's got electrolytes! Stop being such a pessimist, there will be plenty of cheap food for you! lol

    Quote Originally Posted by frog View Post
    I suppose your right, but that's not going to lower the cost of housing , food, or health care any. As far as Apple goes, despite their cool stuff they'll take advantage of you just like anybody else.
    Last edited by CPRA; April 8, 2019 at 6:08 AM.

  7. #7
    Senior Member mgtower's Avatar
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    Re: Why the Cost of Living Is Poised to Plummet in the Next 20 Years

    Bullshit, human nature says that those in power will mop up every drop of surplus and create more debt slavery for the remainder! The cost of living is irrelevant to the mops sucking up any and all surplus!

    The treadmill speed is set by them and you can bet they'll have us running furiously all the way to our graves! Run Toby RUN!!!

  8. #8
    Senior Member Joetech's Avatar
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    Re: Why the Cost of Living Is Poised to Plummet in the Next 20 Years

    It used to cost my dad ten cents to go to the movies. It used to cost me seventy five cents. Now, a day at the movies is twenty bucks! When did everything get cheaper, and where is all this going on?
    "Don't follow in my footsteps. I stepped in something."


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