Thursday, September 06, 2007

New Technology + Entrepreneurs + Profit motive

Two interesting developments which will dramatically increase income inequality:

Cheaper Solar Panels will make solar power dramatically cheaper

New Capacitor Batteries may make internal combuston engines obselete

If these two developments prove to be profitable innovations, the investors in these companies will be fabulously rich. Possibly the first Trillionaire will be a result.

The rest of us? Will be rich by many multiples of Trillions. NO ONE will be poorer and EVERYONE will be richer and many future generations of entrepreneurs will be inspired to seek even more profit etc etc etc.