{"id":7329,"date":"2015-04-16T05:49:13","date_gmt":"2015-04-16T10:49:13","guid":{"rendered":"http:\/\/olduvai.ca\/?p=7329"},"modified":"2015-04-16T05:50:24","modified_gmt":"2015-04-16T10:50:24","slug":"7329","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=7329","title":{"rendered":"Government: Looking Into the Future to Prevent it From Happening"},"content":{"rendered":"

Government: Looking Into the Future to Prevent it From Happening<\/a><\/h3>\n

Fantastic Progress<\/strong><\/h3>\n

We ended last week wondering what had gone wrong: How come the 21st century has turned out to be such a dud?<\/p>\n

Where are the jaw-dropping new inventions? Where are the rising incomes? Where is the dynamic, sizzling economy we expected?<\/p>\n

Back in about 1963, we recall trying to picture ourselves in the 21st century. The rate of progress then was so fantastic we had to stretch to imagine it.<\/p>\n

Every year, Chevrolet, Ford and Chrysler put out a new and better automobile. In 50 more years, surely cars would be regularly flying through the air!<\/p>\n

In 1969, Neil Armstrong walked on the moon. It was just a matter of time before we had a colony there\u2026 from which we could explore the solar system.<\/p>\n

Then in 1970, the pocket electronic calculator appeared. Half a century later, imagine the condensed knowledge and computing power we would be able to carry around.<\/p>\n

 <\/p>\n

Aging Economies<\/strong><\/h3>\n

The only one of those things that realized its apparent potential was the increase in computing power. That\u00a0has\u00a0<\/em>changed life on planet Earth. Now, instead of talking to your neighbors in the elevator, you can keep your head down and focus on your smartphone.<\/p>\n

We\u2019ve seen couples in restaurants who never talk among themselves \u2013 each fiddled with their iPhone through the whole meal. Is that progress or what?<\/p>\n

Since the 21st century began, the average US household has lost income. Bummer. Why has this happened?<\/p>\n

One answer we proposed to readers of our new monthly publication, The\u00a0Bill Bonner Letter,<\/a>\u00a0was that three of the leading economic zones \u2013 the US, Europe and Japan \u2013 have come to be dominated by old people.<\/p>\n

But that explains only a part of it\u2026 and probably not the major part.<\/p>\n

 <\/p>\n

…click on the above link to read the rest of the article…<\/p>\n","protected":false},"excerpt":{"rendered":"

Government: Looking Into the Future to Prevent it From Happening Fantastic Progress We ended last week wondering what had gone wrong: How come the 21st century has turned out to be such a dud? Where are the jaw-dropping new inventions? Where are the rising incomes? Where is the dynamic, sizzling economy we expected? Back in […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2],"tags":[2809,182,341,379],"class_list":["post-7329","post","type-post","status-publish","format-standard","hentry","category-economics","tag-bailouts","tag-crony-capitalism","tag-future","tag-government"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/7329","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=7329"}],"version-history":[{"count":2,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/7329\/revisions"}],"predecessor-version":[{"id":7331,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/7329\/revisions\/7331"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=7329"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=7329"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=7329"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}