Saturday, August 2, 2014

Self driving vehicles closer than we think

I wrote about this a while back in my article, "Mommas dont let your babies grow to be truck drivers." I read a recent article about driverless cars coming to UK roads in January.


"Today's announcement will see driverless cars take to our streets in less than six months, putting us at the forefront of this transformational technology and opening up new opportunities for our economy and society," he said.

UK engineers, including a group at the University of Oxford, have been experimenting with driverless cars. But, concerns about legal and insurance issues have so far restricted the machines to private roads.

Other countries have, however, been swifter to provide access to public routes.


The US States of California, Nevada and Florida have all approved tests of the vehicles. In California alone, Google's driverless car has done more than 300,000 miles on the open road.


The march of technology is relentless. However there are not 1 person in 1,000,000 that understands what is happening and how it will affect them. I am not claiming I have any idea what will happen either. Nevertheless understanding and accepting that change is constant and will continue regardless of whether my job disappears or how my life is interrupted will go a long way in preserving ones sanity along with wealth. We are in the middle of a time when change will accelerate and technology will bring changes we cant even conceive of. For example, with all these people being displaced from their jobs what will they do for a living? How will this affect people mentally and how will they vote? This all seems very deflationary because technology is relentless in pushing down costs. Wages will plummet as humans run into the fact they will be competing with Moores Law. We will soon have to face the fact that robots will become more ubiquitous. How will we react when they become more autonomous? Will we have to actually contemplate implementing Asimov's three laws for robots. I predict a time of great wealth and technological process but also a tumultuous time of political and social chaos as our institutions and systems are unable to cope with the speed and volume of change we are witnessing. It will however provide an outstanding opportunity for investment and personal wealth creation which will become important as human labor gets pushed out of the marketplace. One good thing I see is that technology will make big central government seem more and more useless and a cost and burden that we will not want to continue funding or allowing to interfere with our lives.




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