De-monetize 1

Multi-talented Peter Diamandis founded the XPrize Foundation ("incentivizing great minds to make a difference"), Singularity University, plus many other projects. And he's very optimistic about the future. This post is from a talk he did a year ago.

His latest book (2012) was Abundance: The Future Is Better Than You Think.  He thinks that the world is moving toward "de-monetization," a state in which everyone can get the things they need with little or no money. Sounds . . crazy. 

Why would he think that? (There's a clip of Elon Musk also saying in this video "Everything will get very cheap.") 

According to Diamandis, the cost of things is a function of the information (the how-to), the energy, and the raw material required to make them. If those factors are nearly free, then things/stuff will be nearly free.

If you remember a time with no internet, you know what a revolution it was when the internet made information nearly free.

What about energy? Diamandis says the sun pours energy onto the earth in the amount of 8000 times what humanity currently needs. He thinks that solar cells will improve and multiply to the point that energy is nearly free.

(cont'd tomorrow)