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The world’s most valuable retailer, Alibaba, carries no stock. The world’s largest taxi company, Uber, owns no cars. The world’s most popular media conglomerate, Facebook, creates no content. The world’s largest accommodation provider, Airbnb, owns no property. Something's up.  The creation of intangible value through internet assets has been a popular trend in modern history. In the past this has led to disastrous vicious-cycles, (similar to positive-feedback-loops), that can cause an economic system to descend into chaos.
Speculation on the value of internet assets was what caused the .com bubble of 2000 to inflate - burst. The bubble that popped in 2000 was an asset price bubble that resulted from the explosive stock market growth as the internet emerged. Another period of rapid tech development is almost upon us; in the future it will be referred to as the Machine Learning, AI, and/or Quantum Computing revolution. Having said that there's the possibility of enormous technological growth in the near future, I'm not saying it will happen tomorrow. The United States could very well end up in another recession if the economy doesn't react well to the unprecedented treatment it's received from the Federal Reserve, ZIRP, etc. Irrespective of the domestic/global economic landscape, technological progress is inevitable. As time passes the electronics humans use worldwide will only get smarter, faster, and more advanced. Technological progress sees no regression. (unless you work at Apple... Iphone 6s > Iphone 7)
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Quantum Computer - A computer that stores information in the quantum states of subatomic particles. Quantum Computing by the Year 2005: 1st Qubit Developed 2007: 28 Qubit Computer, Model of Quantum Transistor Developed 2009: First Electronic Quantum Rrocessor 2011: D-Wave Systems Introduces the World's First Commercially Available Quantum Computer 2013: Breakthrough in Quantum Computer Storage 2015: First 1000 Qubit Computer Wikipedia - Timeline of Quantum Computing RT_com. "MIT's New Quantum Computer Could Render Today's Encryption Useless." RT International. TV Novosti, 7 Mar. 2016. Web. 23 Sept. 2016. <https://www.rt.com/usa/334850-mit-quantum-computer-encryption/>. Perimeter Institute for Theoretical Physics. "12-qubits Reached In Quantum Information Quest." ScienceDaily. ScienceDaily, 8 May 2006. <www.sciencedaily.com/releases/2006/05/060508164700.htm>. "Worlds Smallest Storage Space, the Nucleus of an Atom." National Science Foundation. N.p., n.d. Web. 23 Sept. 2016. <http://www.nsf.gov/news/news_summ.jsp?cntn_id=112538&govDel=USNSF_51>. Yale University. "First Electronic Quantum Processor Created." ScienceDaily. ScienceDaily, 29 June 2009. <www.sciencedaily.com/releases/2009/06/090628171949.htm>. http://physicsworld.com/cws/article/news/2011/may/12/quantum-computing-firm-opens-the-box http://www.theverge.com/2013/11/14/5104668/qubits-stored-for-39-minutes-quantum-computer-new-record |
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