In Age of Abundance, value of assets and physical labor is greatly reduced. Value of intelligence is of
utmost importance. As the difference in quality of natural and synthetic approaches zero, the real value of things becomes
the intelligence of its' use. Values of products have been declining greatly in latest century, approaching costs of production.
Below costs, intelligence of use dominates value of products and services.
Current values are misleading as Age of Abundance rapidly approaches, and there lies the opportunities.
Success has gone to those prepared to benefit, so future successes will come from preparing to benefit in Age of Abundance.
Successful businesses will find increasingly intelligent uses of products and services.
If humans were to become businesses, wealth would accrue to those able to find intelligent uses of products
and services. As technology progresses, potential intelligent uses of products and services increase. Key determinant of wealth
becomes knowledge of creating intelligent uses.
Business is about using raw materials to create valuable products and services. Difference between past
and future is lower cost raw materials and higher value products and services. In ancient past, almost all had little resources
and very few enjoyed many resources. Progression of time increased level of population who've enjoyed resources. In present
times, most civilized peoples enjoy abundant resources.
All civilized people should enjoy adequate resources for physical, mental, and spiritual health. Intelligent
use of products and services should enable all civilized people to enjoy such a life. Biotechnology should enable all to have
physical health, and infotechnology should enable all to have mental and spiritual health.
In the realm of finance, the past was about borrowing for current consumption. Interest rates measure value
of time in withholding consumption. So, with high interest rates, value of withholding consumption is high. Low interest rates
have low value of withholding consumption. But, with falling prices, the value of withholding consumption increases.
