After all we are humans and as such susceptible to high fluctuation of emotions and incredible bouts of cold blooded analytics.
And with each phase of our quickening tech development we will encounter new problems associated with outmoded support from past living aids. And so these coming developments will come with built in restraints.
We might have new technology but if it can't be supported by existing infrastructure development within, infrastructure must catch up.
So I can't help but think the present global situation is based upon the economic model and principles not being capable of keeping up with economic expansion.
The whole model we use is based on Keynesian theory, the political objective of growth and consumerism and so economic theory and human desire have led us to a financial precipice.
Those that think global debt can be repaid with global growth forget that the world will still be in deficit by losing the benefit of that growth foregone.
There possibly will be a not to distant time when the global adjustment to both our economic model and new tech developments will force a radical change to the way we trade, live and do business.
Will banks be present in this new world? No I think not; not the way they are now. That could be discussed on another thread perhaps.
