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Pictures courtesy of the authors. All opinions expressed on EconLog reflect those of the author or individual commenters, and do not necessarily represent the views or positions of the Library of Economics and Liberty (Econlib) website or its owner, Liberty Fund, Inc.
The cuneiform inscription in the Liberty Fund logo is the
earliest-known written appearance of the word
"freedom" (amagi), or "liberty." It
is taken from a clay document written about 2300 B.C. in the Sumerian city-state of Lagash.
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"Ray Kurzweil has long argued that the information content will asymptotically reach 100 percent"
Too utopian an idea if you ask me. Any process needs a low-entropy source at the input, producing much higher entropy at the output.
the sources of economic success become less visible and less tangible.
On a somewhat related note, productivity ensures that there are less and less people needed to do any one job. Thus, for the average person, the personal link to any line of work is more than likely not there, and becoming even less so.
We're getting to a situation not unlike that classic Trek episode with the planet where the computers run everyhting and the inhabitants don't understand how anything really gets done.
It's a nice place to live, except when the computer breaks!
Not true, at least among engineers.
Buzzcut: Not to worry! Everything will be fine until the computers build themselves -- then it'll get hard to fix things when they break. But by then everything will be so cheap that no one will care when something breaks.