Quote Originally Posted by Ramil View Post
I'm only saying that technology level will eventually reach a point when, as I already said, 1-2% of population will be able to provide for the rest 98-99%.
That's true I'm speculating as there's no way to tell reliably what will happen then. To tell the truth, both of us are speculating. I'm saying: here's the trend, it worked for hundreds of thousands of years. Let's extrapolate this trend and assume it will not change in the future. And then I make my conclusions. On the other hand, you make a leap to the unknown and say a totally new thing will happen and people would cooperate on the new level unimaginable in the entire previous history. Whose speculation is more reliable? We would never know. Predicting the future had never paid off.

I think that in the observable future the capitalism had not rotten to the point it had exhausted itself as a political organization of the society. Right now, there seem to be more capital than there are actually assets, meaning the entire humanity is basically in debt. That is because the humanity had capitalized on the expectations of the future profit. If the future profit does not turn out, it is going to be a global financial catastrophe. Very desirable for the communists and, perhaps, the anarchists. However, I would respectfully disagree with those who would insist that is inevitable. So far, the financial world had dealt with that issue by simply expanding the market. They cherish the 'innovation' and praise the 'education' so people could make up more and more ways to create more and more comfort in different ways. The next big market is in the outer space. In addition to the cheap energy [http://en.wikipedia.org/wiki/Asteroid_mining]:

"At 1997 prices, a relatively small metallic asteroid with a diameter of 1.6 km (0.99 mi) contains more than 20 trillion US dollars worth of industrial and precious metals.[1][2] In fact, all the gold, cobalt, iron, manganese, molybdenum, nickel, osmium, palladium, platinum, rhenium, rhodium, ruthenium, and tungsten that we now mine from the Earth's crust, and that are essential for economic and technological progress, came originally from the rain of asteroids that hit the Earth after the crust cooled."

In the observable future, the expansion of the humanity to space should create many new markets.

But, even then, I do not believe a person on welfare would be content with him living in a 3,000 cubic feet of a house, eating five steaks a day, and driving a his personal jet. He would look up at the others who live in their private asteroid, drive a new 5-Mach robotic flyer, eat delicious fruit which only grows in the space greenhouses, etc.