5G Challenges US Hegemony

The US has been acting like an empire. It acts like it owns a big chunk of the sky over the Pacific and the Atlantic. Only a few days ago I learned that. That is but ridiculous.

China is trying to imitate that behavior in the South China Sea. That is equally ridiculous.

This trade war is not David versus Goliath. This trade war is not who is right, who is wrong. There are two wrong parties.

There is a need for a new world order that is just. It is based on the premise that every human being is created equal.

5G is fundamental infrastructure. It is going to be vastly empowering for the individual everywhere.

The new order is not about challenging the United States or China. It is about challenging the very idea of the nation-state. The global village needs a village council.

5G challenges the nation-state. The Blockchain will challenge the US Fed, and every central bank on the planet. They have disproportionate powers.

The Internet challenged the media houses of the world. The Blockchain will challenge the banks of the world, among other things.

This trade war is stupid in that it is not even asking the right questions. It is a folly to try to answer the questions that are being asked.

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5G Challenges US Hegemony https://t.co/VwUY2E8loG What do you think @paragkhanna

— Paramendra Kumar Bhagat (@paramendra) May 29, 2019

Age Of Abundance

“Existential Issues And The Possible Age Of Abundance” @paramendra https://medium.com/@paramendra/existential-issues-and-the-possible-age-of-abundance-b1fc7bca5f0d

Not Socialism, But Hypercapitalism

I have talked of the Age Of Abundance, I have talked of a Universal Basic Income. To the untrained especially the latter might smack of "socialism." That would be misleading.

This is talk of a new reality that asks for a new grammar. A lot of old rules are going to get junked.

Socialism has had two strains, one absolutely appalling, the one where there is no human rights. There has been another, the left of center variety that has been ridiculed for not knowing the fundamentals of wealth creation. I am not talking about that.

I am a small d democrat, which basically means taking the one person one vote one voice to all its logical local, state, national and global conclusions.

I am a free marketeer. Economics to me is like physics. Just like physics can come up with astounding technology, I believe economics as an academic discipline is capable of coming up with intellectual frameworks for massive wealth creation. If I am a capitalist I am one likely to speak of human capital in the same breath as financial and technological capital.

It is said in physics if you go to a high enough energy level all four basic forces are the same. The physics of liquid water is fundamentally different from the physics of steam.

Talk about being at the right place at the right time. It is about this point in time, this point in history, lucky you, lucky me.

The productivity gains driven almost entirely by technological innovation are about to be so astoundingly astronomical that many of the old rules will no longer apply. But there is a need for accompanying political innovation, and accompanying advances in economic theory. I lost a lot of respect for the discipline in 2008. They were royally surprised.

The most obvious thing to do is create a world government. That is knowledge we already have. Europe has suffered for attempting an economic union without a political union. Globalization is unstoppable but you go off the wheels if you don't create a world government.

The 2008 meltdown happened because politicians had stayed light years behind globalization. Banks go global but the governments are all still only national.

In a democracy everyone gets to vote, everyone matters. In a market there is free competition, there are no monopolies.

America is uniquely positioned to take the lead. It is the oldest modern democracy with mature institutions. It has a young about to be ex president. It is the most diverse country. Just in New York City you could find at least one person from every town on earth.

These are exciting times, even though Planet Earth right now is Titanic, on course to hit the iceberg in terms of Climate Catastrophe. But the same collective will that will steer humanity away from the iceberg will also usher the Age Of Abundance. It will be like a new birth to humanity. There is no parallel in history to what is about to happen. I am wildly optimistic.

Kumar: Wake Up To God

Flat Earth, Round Earth

English: The Flammarion engraving is a wood engraving by an unknown artist that first appeared in Camille Flammarion's L'atmosphère: météorologie populaire (1888). The image depicts a man crawling under the edge of the sky, depicted as if it were a solid hemisphere, to look at the mysterious Empyrean beyond. The caption translates to "A medieval missionary tells that he has found the point where heaven and Earth meet..." (Photo credit: Wikipedia)

To expect major advances in the social sciences, in the political sphere, in our economic arrangements, we will have to admit maybe we cling to many flat earth concepts, not only we do, we cling to them with the institutions of power. Our flat earth concepts we accept as natural as the landscape. It will not change.

The free speech domain becomes even more important. Whether or not society, or the political process, will make room is for the political process to decide. But whether or not the thoughts will be thought can not be the domain of political institutions. Or we handicap ourselves in fundamental ways.

It is this juncture of history. History is about to speed up. The past is not a big help, especially to help determine the rate of impending change.

The good news is we might be on our way to heaven on earth in terms of moving to an age of abundance. The bad news is many of the flat earth concepts might try to get in the way through the political muscles they might flex along the way.

Free speech is more important now than ever. Just like our eyes only see the visible spectrum which is a really, really small part of the spectrum, maybe our minds also have a narrow spectrum, but the reality is obviously larger. The mind sees what it is designed to see, but it does not see everything or even much.