History suggests Australia could be left behind by the next industrial revolution
When the industrial revolution hit in the 1800s, countries with large disparities in wealth, low property ownership, deficient democracies and disparate education systems were left behind.
There’s a new industrial revolution just around the corner, driven by artificial intelligence and robotics. Deterioration within the key institutions of suffrage, education, and land policy indicate that Australia may be one of the countries left behind this time.
The first millenniumOne way to anticipate the future is to look to the past.
British economist Angus Maddison has estimated that in the year 0, the population of Western Europe was 24.7 million. 1,000 years later it was 25.4 million – an increase of just 700,000.… Seguir leyendo »