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The Futurist: The Rise of the Global Economy


Sometimes it is a knowledge and tool divide

Throughout 2021, there's been a chip shortage. Chips are in so many things we realize anymore, from smart appliances, smart cars. Everything has a chin that relies on microprocessor chip price components or breaking the device. Honestly, that's got me thinking not from a futurist technology perspective from a futuristic economic perspective was this ultimately me. One of the things I've been watching is the birth and growth of a global economy. The global economy is partially an oppressive iteration of the old colonial economy created more than 250 years ago. Human beings and lower-income countries end up doing manual labor that benefits the economy. However, with more and more automation, fewer and fewer humans are needed. What is that mean for a global economy? People in the United States often talk about the concept of the digital divide. I suspect we may see a greater digital divide in the future than we see today.

Depending upon who you listen to, the digital debate divide is one of two things. It is the presence or possession of a device capable of operating in the new digital world. That could be a cell phone, a tablet, a laptop, or a gaming console. It doesn't have to be owned by the person. They have fairly ubiquitous access to that device. The other argument is the digital divide has to do with the on-ramp to the Internet. Or in plain English, the network. I talked before about the explosion of capabilities within the cell phone world. Cell phones, tablets, and computers do more now than ever before. When I started as a teacher, I argue with some of the master teachers about the need for an electronic grade book. One of the master teachers didn't believe me. That is, having a digital-only guidebook was easier. So for the year, I kept digital records, and she kept manual records. The last thing schoolteacher does at the end of the school year is called record stays. Records are a misnomer for many teachers because it's not a day it's two days. The first day spent compiling the grades, and the second painstakingly putting them into the grade book permanent record for strewn, I designed my electronic grade book to look exactly like a permanent record that the school system required. I was able to make the grades, print them one sheet per child and enter them in less time than it took the master teacher, who has been teaching for more than 30 years, by the way, to compile the grades. The nice person I helped her put the grades in the next day, the had to be at school anyway. But the next yearmost of the teachers had their own electronic gradbooks.

So my tenant or thesis is the rise or modification of a global economy. Why the example of an electronic grade book? Put it's where we are today—still human manual labor in many aspects of creating the devices that ultimately drive the digital economy. I'm not it can get into the somewhat scary world of what is called cryptocurrency. While I see a potential for cryptocurrency, I also see a massive failure point. All you need to do is lose your encryption key, and you no longer have access to your crypto current. That's the worst-case scenario, but when people have unfortunate accidents, and their keys are not backed up with another person, that money is lost forever. However, when you begin to remove a human manual activity, you begin to move into the digital economy. The rise of the digital economy will truly create a truly global economy.


It isn't just device or knowledge. But the global economy is coming.

Like the ever-growing concept of digitization, the economy will be a little bit easier to make an equal globe. So again, focusing on that global economy and considering the cryptocurrency, why do I think it's a bad thing today? First, there's way too much speculation and cryptocurrency world; it is way too unstable. For the digital economy to be effective, cryptocurrency has to be stable. The various cryptocurrencies have to be worth and easily traded in dollars, euros, or the Chinese Yuan. You see the US$40,000 price type of bitcoin today as the barrier to entry for most people. Bitcoin, in my opinion, today is an artificial sealer. The reality of markets with artificial ceilings is that eventually, either supply gets up to the man, but the demand goes away. Either way, valuable bit going or any other cryptocurrency will drop to the floor.

The goal of this article, however, is not to deride cryptocurrencies. They point out that today no currencies are tied old world economy. In the future, the digital economy will be different. Look, I'm not one of those people running around screaming that government should control cryptocurrencies. We have economic fluctuations today because government controls or governments control the majority of world currency. However, to resolve some of the issues we are facing right now around terrorism things like that, it's critical to trace the money. Today you can transfer and move fairly large portions of money in the bitcoin or other cryptocurrency world. It really can't be tracked

It's why you don't see cryptocurrency insurance. It's why you hear hackers demanding ransom where were other payments in cryptocurrency. It can be tracked, and it can be moved easily. Move it outside of the country where you got it from, and you can cash it in another country without anybody knowing where that crypto currency came from. The rise of digital economy will force the management of crypto currencies. Unfortunately that also means that governments will be able to tax them, which will decrease the value of. But you won't be able to hide in the crypto currency world any longer. It's why I think the digital economy is going to begin to rise soon. Now I don't think the digital economy is going to be real before 2028 or 2030 at the earliest.

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I'll leave you with one last thought on this concept, the digital economy. Many years ago I used to travel internationally a lot for work. I always took $200 in the local currency when I went to a country, sometimes arriving in the country I used the money exchanges, but the rate of exchange always made me grimace. So normally I would exchange the money than international Airport first. Arriving in the country I had enough money to easily get a cab to the city if no credit card caps were available. The digital economy will make that so much easier in the future. So all those years ago the ultimate end savings of the digital grade book was time. The rise of the digital economy however is going to help bring equality to everyone in the world! So why start with the digital divide that will be greater in the future? Frankly, way to few people will engage and hop onto the new world economy early. The digital divide will grow wider for a time, then hopefully go away forever.

This content is accurate and true to the best of the author’s knowledge and is not meant to substitute for formal and individualized advice from a qualified professional.

© 2021 DocAndersen

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