Dystopian future? I'd bank on mankind's ingenuity to win out
I was pleased to read Dan O'Brien's debunking of your regular contributor Padraig Neary's theory of finite economic growth (Irish Independent, August 24). Mr Neary has submitted well written letters on the theme of peak demand, suggesting growth opportunities will taper off in future.
He paints a picture of a dystopian future where mass unemployment and social unrest will arise with technological advances. Like Dan, I disagree. We have simply no idea what future advances will be made, even in the short term, how they will create new demand and job opportunities, how they will introduce innovative products and services, how they will change lifestyles etc.
For instance, this month marks the 10th anniversary of the iPhone. Nobody could have envisaged back 10 short years ago that we would have this vast 'apps' ecosystem that would make the internet so portable, accessible and multi-functional. I can watch TV, there's an app for that, I can bank online, there's an app for that, I can turn on the heat in my house, there's an app for that too.