The Coronavirus is Driving the 1st World Headlong into ‘The Fourth Industrial Revolution’

The Coronavirus is Driving the 1st World Headlong into ‘The Fourth Industrial Revolution’

The Encyclopedia Britannica says: “The Fourth Industrial Revolution heralds a series of social, political, cultural, and economic upheavals that will unfold over the 21st century. Building on the widespread availability of digital technologies that were the result of the Third Industrial, or Digital, Revolution, the Fourth Industrial Revolution will be driven largely by the convergence of digital, biological, and physical innovations.”

It is very important to understand that the Fourth Industrial Revolution, aka Industry 4.0, involves a systemic change across many sectors and aspects of our lives.

The impacts of emerging technologies are more important than the capabilities they present.

The ability to edit the building blocks of life has recently been massively expanded by low-cost gene sequencing and techniques such as CRISPR.

Artificial intelligence is augmenting processes and skill in every industry.

Neurotechnology is making important strides in how we can use and influence the brain as the last frontier of human biology.

Automation is disrupting a 100 yrs of transport and manufacturing paradigms.

Technologies such as blockchain and smart materials are redefining and blurring the boundary between the digital and physical worlds.

The result of all this is societal transformation. By engineering the incentives, rules, and norms of economic life, it changes how we communicate, learn, entertain, and relate to others and how we understand ourselves as humans.

Further, new technologies are developing and being implemented at an rapid pace, that is impacting our identities, communities, and political structures.

Our responsibilities, opportunities, and ability to positively impact the world are now tethered to and shaped by how we engage with the technologies of the Fourth Industrial Revolution.

This revolution is not just happening to us, it is being thrust upon us, telling us we have a responsibility to give it structure and purpose, and that we are not its victims.

But there are victims,as this revolution will yield greater inequality, particularly in its potential to disrupt labor markets, as we are seeing in our country and around the 1st world today.

On the other hand, the displacement of workers by technology will surely result in a net increase in safe and rewarding jobs for many, not all.

This, the Fourth Industrial Revolutions is and will continue to positive and negative impacts on different stakeholders.

Some nations have become wealthier, and technologies have helped pull some societies out of poverty, but has not distributed the benefits equally or anticipated externalities released like the coronavirus that resulted in global challenges.

The leading exponents of the massive social/technical shift recognize the economic risks and physical dangers putting it down to the ‘cost of doing business’ whether it be cybersecurity threats, massive misinformation through digital media, record unemployment, social gaps and income inequality.

The Big Q: Who or what will come forth to align human values with the technological progress to ensure that the Fourth Industrial Revolution benefits all people 1st.

The Big A: No 1 can foresee what mores will emerge from this revolution.

The talent and money that champions this revolutionary vision for developing, diffusing, and governing technologies see it as an empowering, collaborative, and sustainable foundation for social and economic development, built around shared values of the common good, human dignity, and intergenerational stewardship. That is a pipe dream, what will happen is the taking away of freedom and liberty for the sake of a new world order, now being charitzed as the new normal.

The challenge is capping this ‘revolution’ and keeping it in its place, that takes a resolved citizenry and strong leadership, not the contrived softness we have experienced over the past 40 yrs in our Republic.

The Illuminati and Malthusians do not know what is best for the world.

Have a healthy weekend, Keep the Faith, Do not be Afraid!

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Paul Ebeling

Paul A. Ebeling, a polymath, excels, in diverse fields of knowledge Including Pattern Recognition Analysis in Equities, Commodities and Foreign Exchange, and he it the author of "The Red Roadmaster's Technical Report on the US Major Market Indices, a highly regarded, weekly financial market commentary. He is a philosopher, issuing insights on a wide range of subjects to over a million cohorts. An international audience of opinion makers, business leaders, and global organizations recognize Ebeling as an expert.