Revision as of 19:59, 19 April 2023 by 154.13.97.82 (talk) (Created page with "The other day our think tank was discussing the challenges of 3-D printing and how "Capitalism will begin to suffer damage when 3D printing starts to affect the retail distrib...")(diff) ← Older revision | Latest revision (diff) | Newer revision → (diff)The other day our think tank was discussing the challenges of 3-D printing and how "Capitalism will begin to suffer damage when 3D printing starts to affect the retail distribution chain." Consider in the event that you will that in the future people will undoubtedly be 3D printing in the home using carbon composite layering graphene, metallic materials, plastics, ceramic materials, etc. - people don't need to go to a shop to buy cheap products, they can merely print them within their living room. What about the jobs at the major retailers, think about the management in retail, the buyers, truck drivers, warehouse staff? All those jobs gone?When does this happen - as 3D printing technology matures. How fast will that happen - as fast since it takes for people to print out the new evolutions of these 3D printers in the home. Put simply, the technology will outpace the ability of the markets to react. Capitalism is great at eliminating losers. The thing is that retail is a loser almost overnight (10-15 years). Enjoy watching the few remaining Macy's Thanksgiving Day parades. website think tanker who leans left-politically suggested that "We must prepare government to step in and soften the coming economic shocks. People with no hope of finding work will need food, shelter and health care."Not so fast, my capitalist brain screams - you see, yes, disruptive technology always threatens the incumbents in the market-place, but that's okay, if the free-market is working right, everything re-adjusts. If read more have crony capitalism subsidizing, or governments nationalizing to prop up dying industries that's when we have problems.In socialism the leaders who use populist themes need to go with mob rule to bail-out or subsidize such old tech against the onslaught of the new. In free-market capitalism there will be shocks to the machine, however the system can realign on its own and continue forward. Printing Press, Cotton Gin, TV, Flights, mobile phones, computers, etc. and yes, what comes next may also disrupt and when companies like Boeing have anything to say "It'll fly like nothing else, and GE, DuPont, along with other companies will buy up the innovators and ensure it is part of the new business units to transport on.Why bother propping up things like video rental stores or one-hour photo developing franchises? website guess, I've more belief in free markets, mostly in hindsight. But it is only going to work if we leave our hands off of it. Price controls, minimum wage laws, subsidies, they all distort free markets, I worry more about this more than the next new thing on the bleeding age in the age of Singularity and the web of things. Think with this.Lance Winslow has launched a new provocative group of eBooks on Innovation in America. Lance Winslow is a retired Founder of a Nationwide Franchise Chain, and today runs the web Think Tank; http://www.worldthinktank.net.