Hi all,

First post on Steemit, though I have been actively involved in the crypto-space for the past several years both as a researcher and trader/investor. I have to say that as an advocate for decentralization in general (and for Blockchain tech more specifically), Steemit is both extremely innovative and exciting.

On that note, I thought that I would post a link to an article of mine on the potential macro/systemic social and economic implications of disruptive/decentralizing technologies that are currently emerging, such as the Internet of Things, 3D printing, distributed renewable energy harvesting/sharing, Blockchain, and the automation of the workforce - Essentially what all of this means for society and for economies based on capitalist principles.

Here are the opening couple paragraphs; feel free to continue at the link provided below, and if you happen to gain anything from the article please give it a like/share/upvote!

As the disruptive capacities of technological innovations continue to advance at an exponential rate, it is increasingly clear that the capitalist economic model is unable to effectively manage resources and distribute wealth under the conditions of sustainable abundance now being brought forth. Vast increases in productivity and efficiency will be realized in the years ahead through an integrated network of smart-products (termed the Internet of Things, or IoT), accessible renewable energy harvesting technologies, energy sharing across a distributed smart-grid, the decentralization of manufacturing through 3D printing, open online education, the decentralization of finance, legal contracts and governance through Blockchain applications, and the progressive automation of the workforce.

Just as John Maynard Keynes prophesized nearly a century ago, “a point may soon be reached, much sooner perhaps than we are all of us aware of, when these [economic] needs are satisfied in the sense that we prefer to devote our further energies to non-economic purposes.”[1] Keynes foresaw such an economic state of abundance coming about through, what he first termed,technological unemployment which, he stated, “[we] will hear a great deal in the years to come;” the ultimate implication being “that mankind is solving its economic problem.”[2] Keynes looked expectantly to a future in which machines had progressed to the point of providing an abundance of freely available goods and services to humanity — liberating people around the world from menial labor, debt, and servitude for the first time.

https://medium.com/basic-income/post-capitalism-rise-of-the-collaborative-commons-62b0160a7048#.qa3kl7isa

c-dew