As I argue in the preface to my investment guide (yes, you need a copy, for crying out loud; and can now even download it by magic, which is part of the point I’m about to make) . . . for all our challenges — and they are daunting — there is, as a hopeful counterbalance: the astonishing on-rush of technology. (Even if, sadly, it seems to have stalled in the antiquated way this column is posted, and the mortifyingly kludgy result displayed this morning. I finally have begun the process of fixing that, I hope, by the Spring.)
People look at the last 50 years of technological progress and they are dazzled, says futurist Ray Kurzweil. And they think to themselves, “The next 50 years will probably be equally dazzling! Won’t that be something!” But, says Kurzweil, they are wrong. The technological progress over the next 50 years will be 32 times as fast, 32 times as great.
The implications are both thrilling and scary. Cyberterrorism? Don’t get me started. There’s no guarantee that, whether as a nation or a species, we’ll keep from hurtling off the rails. That is, indeed, the central challenge of the century.
But if we can manage to keep from blowing it, the implications are amazing. Imagine, for example, a world of “nearly free” clean renewable energy, much as we now have nearly free communications. (When I was a kid, a hushed, urgent, “I’m on long distance!” meant get the hell away from the phone. And that was for a call to Chicago. Today, the same call — even if it’s to China, and even if it’s a video call — is nearly free.) Nearly free energy would make everything dramatically less expensive — including materials, like energy-intensive aluminum — allowing most people to enjoy a terrific boost in their standard of living.
(And that’s just energy. The rate of advance in medical technology is another thing, already dazzling, that’s likely to speed up — with astonishing implications.)
It’s getting from here to there that is the challenge. At best, it will be a bumpy ride. But making sensible economic and financial choices, and getting into sensible habits, will at the very least tilt the odds in your favor to enjoy as much of the upside as possible while avoiding the potholes as best you can.
Okay. Let’s get started. . . .
☞ Whether or not I tricked you with that last ellipsis into buying my book (you think these pixels feed themselves?), let’s try to keep our minds on the main point: that there is reason to be optimistic.
Here is just one little example:
This just in…Seaweed isn’t just for getting tangled in anymore.
According to a new report, this common, seemingly inexhaustible resource may be one, partial but important, answer to the impending decline in fossil fuel supplies.
You heard that right. A report published last week in the leading journal Science details how a team at the Bio Architecture Lab in Berkeley, California, modified the common gut bacteria E. Coli to take the smelly, salty sea plant and…produce ethanol.
The potential of this new-found energy source is vast, with some scientists predicting that global aquatic biomass could in theory provide the world’s energy needs many times over. The United States, with its enormous coastline, is in a particularly good position to develop seaweed as a low-carbon fuel alternative.
What makes seaweed special, besides its charms to small children frolicking in the surf, is that when you compare it to land-based biofuels such as corn and sugar cane, it can produce up to four times as much ethanol per unit. . . .
☞ The cost of producing seaweed-based ethanol — for now — is apparently five times that of today’s fossil fuels. But seaweed is so slippery, we just might be able to slide down the learning curve to a place where this could work. (Brambles, by contrast, will never be commercially viable.)
The point is not that this specific technology is the solution; just that, in the broadest sense, there’s a chance that “we’ll figure this out.” Think how electricity transformed human life. It wasn’t always here. Think how computers transformed human life. They weren’t always here. Think what may be next.
Abundance — The Future is Better Than You Think
February 3, 2012 By Shelly Palmer
Those of you who follow my blog know that I am an optimist. The Shelly Palmer School of Connected Living has one primary thesis: “Technology is good.”
This is why I am very excited about this new book Abundance — The Future is Better Than You Think, written by my friend Dr. Peter H. Diamandis, X PRIZE Foundation Chairman/CEO, and Steven Kotler, Science Journalist.
Abundance is a powerful antidote to today’s dark pessimism. Peter and Steven present a convincing case that the world has been getting better at an accelerating rate over the last few decades.Â There are abundant stories and hard facts in the book to support the case that our future is better than we think.
Anyone who enjoys technology will love the extensive tour of the latest in exponential technologies, DIY innovation, Techno-philanthropy, and more. Have you considered that the free apps we take for granted today on our smart phones (GPS mapping, video conferencing, digital and video cameras, full sets of library and encyclopedia, etc.) would have cost more than $1 million dollars, affordable only to the richest, 20 years ago? And those poorest citizens of the world, who used to be called the bottom billion, are now the “Rising Billion” because of accessibility to technology? Masai warriors in Kenya now have cell phones that give them better access to mobile communication and information than USA presidents 15 years ago.
So there you have it. If you want some good news (great news actually), read Abundance. If you want to help change the world’s conversation from its current pessimism about scarcity to Abundance, share the book with your friends.
You can visit Peter and Steven’s website www.AbundanceTheBook.com, where you can pre-order Abundance by February 13 and get thank-you gifts (free access to Singularity University’s video library packed with graduate training on exponential technologies, AI, Robotics, Synthetic Biology, Neuroscience, Entrepreneurship, Innovation, etc., The Transcendent Man documentary, and more.) But, before you do, check out this excerpt from Chapter 1.
OUR GRANDEST CHALLENGE
The Lesson of Aluminum
Gaius Plinius Cecilius Secundus, known as Pliny the Elder, was born in Italy in the year 23. He was a naval and army commander in the early Roman Empire, later an author, naturalist, and natural philosopher, best known for his Naturalis Historia, a thirty-seven-volume encyclopedia describing, well, everything there was to describe. His opus includes a book on cosmology, another on farming, a third on magic. It took him four volumes to cover world geography, nine for flora and fauna, and another nine for medicine. In one of his later volumes, Earth, book XXXV, Pliny tells the story of a goldsmith who brought an unusual dinner plate to the court of Emperor Tiberius.
The plate was a stunner, made from a new metal, very light, shiny, almost as bright as silver. The goldsmith claimed heâ€™d extracted it from plain clay, using a secret technique, the formula known only to himself and the gods. Tiberius, though, was a little concerned. The emperor was one of Rome’s great generals, a warmonger who conquered most of what is now Europe and amassed a fortune of gold and silver along the way. He was also a financial expert who knew the value of his treasure would seriously decline if people suddenly had access to a shiny new metal rarer than gold. “Therefore,” recounts Pliny, “instead of giving the goldsmith the regard expected, he ordered him to be beheaded.”
This shiny new metal was aluminum, and that beheading marked its loss to the world for nearly two millennia. It next reappeared during the early 1800s but was still rare enough to be considered the most valuable metal in the world. Napoleon III himself threw a banquet for the king of Siam where the honored guests were given aluminum utensils, while the others had to make do with gold.
Aluminum’s rarity comes down to chemistry. Technically, behind oxygen and silicon, it’s the third most abundant element in the Earthâ€™s crust, making up 8.3 percent of the weight of the world. Today it’s cheap, ubiquitous, and used with a throwaway mind-set, but — as Napoleon’s banquet demonstrates — this wasn’t always the case. Because of aluminumâ€™s high affinity for oxygen, it never appears in nature as a pure metal. Instead it’s found tightly bound as oxides and silicates in a claylike material called bauxite.
While bauxite is 52 percent aluminum, separating out the pure metal ore was a complex and difficult task. But between 1825 and 1845, Hans Christian Oersted and Frederick Wohler discovered that heating anhydrous aluminum chloride with potassium amalgam and then distilling away the mercury left a residue of pure aluminum. In 1854 Henri Sainte-Claire Deville created the first commercial process for extraction, driving down the price by 90 percent. Yet the metal was still costly and in short supply.
It was the creation of a new breakthrough technology known as electrolysis, discovered independently and almost simultaneously in 1886 by American chemist Charles Martin Hall and Frenchman Paul Heiroult, that changed everything. The Hall-Heiroult process, as it is now known, uses electricity to liberate aluminum from bauxite. Suddenly everyone on the planet had access to ridiculous amounts of cheap, light, pliable metal.
Save the beheading, there’s nothing too unusual in this story. History’s littered with tales of once rare resources made plentiful by innovation. The reason is pretty straightforward: scarcity is often contextual. Imagine a giant orange tree packed with fruit. If I pluck all the oranges from the lower branches, I am effectively out of accessible fruit. From my limited perspective, oranges are now scarce. But once someone invents a piece of technology called a ladder, I’ve suddenly got new reach. Problem solved. Technology is a resource-liberating mechanism. It can make the once scarce the now abundant.
☞ Needless to say, given my happy gene (and compulsion to one-click books I’ll never find time to read), I immediately pre-ordered my copy.
And by the way? If you “believe in” science and technology … and in seeding these with government programs like DARPA and with what the current Energy Department (led by a Nobel-prize-winning physicist) is doing … vote Democrat.
Quote of the Day
The people who sustain the worst losses are usually the ones who overreach. And it's not necessary: steady, moderate gains will get you where you want to go.~John Train
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