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Deron Triff

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Peter Diamandis: Abundance Is Our Future (Video)

Posted: 02/29/2012 9:22 pm

Despite the fact that human brain neurology wires us to consume and prioritize negative information and fear, X PRIZE Foundation Chairman Peter H. Diamandis believes we have never been readier to solve the world's most pressing challenges. In his talk released today from the TED2012 conference, Diamandis shares new ideas about how the breakneck speed of technology innovation will unlock an abundance of resources and productivity like no other time in human history. In speaking with Peter after a good night's rest just hours after taking the stage at TED, he shared these thoughts.

We're just 24 hours in after your talk at TED, but I am curious to know the early reaction you've received.

I was thrilled with how well it went. It is always nerve racking to present your ideas in front of thousands of the smartest people in the world. I received tremendously positive feedback and support. It was fascinating to hear people say "Are you a Peter or a Paul - an optimist or pessimist?" (referring to the TEDTalk of Paul Gilding, former CEO of Greenpeace, about the possibly inevitable sustainability crisis, also released today by TED). Much of the conversation has been around the fact that Paul and I actually did not take opposite sides. We both agree the race is on. But rather than assume it's game-over, I feel that we are more empowered than ever to attack our problems.

You started your TEDTalk with a "downer" -- a news montage of everything wrong with the world. Yet, you ended with almost unstoppable optimism that the speed of technological innovation will ultimately create a world of abundance and productivity. Do you believe our natural preoccupation with negative information accelerates innovation and progress or alternatively sends us down paths of distraction and destructive behavior?

There is no question that fear can motivate governments and corporations to do extraordinary things. Fear was one of the strongest motivators to dismantle the Nazi war machine, and the Russian's Sputnik program led us to go to the moon. In fact, curiosity is a rather weak motivator and you can actually measure the ratio by comparing the national defense budget to the national science budget... a 30-fold difference. There are real problems. People should be concerned and take action. But the bottom line is that we now have the means to take action more than ever before.

You are skeptical about the role of corporations and government. How then does the speed of innovation that X PRIZE is channeling reach mass scale if companies are not driving the right market conditions, and if governments aren't supporting the optimal policies for mass adoption?

It is really about the origination of the innovation, which is coming out of a new generation of empowered, high-tech DIYers. At the end of the day large corporations will be required to take these inventions to scale, much like Coca-Cola is rolling out a significant field test for Dean Kamen's Slingshot, a new technology that has the potential to open up access to pure, clean water on a mass scale. That's why I have much more faith in entrepreneurs because they see problems as opportunity spaces. This is one of the reasons I wrote Abundance - The Future Is Better Than You Think and am giving away the first chapter as a download -- to change the global conversation from complaining about problems to solving them. Ultimately it's all hands on deck to solve our challenges, which does not just mean only corporations and governments, but also a global network of emerging entrepreneurs and the 3 billion new voices that are projected to access the Internet in the next decade -- a group I call the "Rising Billion".











Peter H. Diamandis, MD, is the founder and Chairman of the X PRIZE Foundation (www.xprize.org), a nonprofit whose mission is simply "to bring about radical breakthroughs for the benefit of humanity." By offering a big cash prize for a specific accomplishment, the X PRIZE stimulates competition and excitement around some of the planet's most important goals, including health care, social policy, education and the environment. Diamandis is also the Chairman of Singularity University. He has degrees in Molecular Biology and Aerospace Engineering from MIT and an MD from Harvard Medical School.

 

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Despite the fact that human brain neurology wires us to consume and prioritize negative information and fear, X PRIZE Foundation Chairman Peter H. Diamandis believes we have never been readier to solv...
Despite the fact that human brain neurology wires us to consume and prioritize negative information and fear, X PRIZE Foundation Chairman Peter H. Diamandis believes we have never been readier to solv...
 
 
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MikeDu
Both salubrious and lugubrious concurrently.
04:05 PM on 03/01/2012
I've watched smooth talking 'futurist' inspirational speakers at work ever since the early 1970s. They're really more about self-promotion than anything else. Who doesn't like being told that the future is going to be rosey and happy? The first time, though, that a storm surge takes out a significant chunk of coastal route 95 people may start to doubt that rosey scenario thing.
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03:09 PM on 03/01/2012
Technology may be ready, but the vested interests with fortunes entangled in the status quo are going to gaurantee a new dark ages for humanity.

I am glad I got to live before things go to hell in a bucket again.
02:56 PM on 03/01/2012
There isn't much hope until religion is exposed as the incredibly destructive thing it is. Rick Santorum and Sarah Palin and Netanyahu and Dubya are good examples of how religion destroys because it not only engenders hate but promotes population growth. The day the people of the world realize that even if thee is a god not a single person has a clue of what he said. Not one person.
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Celebrindan
M=1∞/R=dM>1
01:03 PM on 03/01/2012
Some are even arguing for an end to abundance.

It is not the moral duty of civilization to regress, but rather the opposite.

To strive forward, advance culture, knowledge and the general condition of mankind.

To argue for less, is to argue for the end.

Mankind builds towers on beds of sand, but survives, and picks himself up from abuse and defeat.

The problems we face are of global scale, and will take a global voice to find answers to.

Mankind is about to shatter the Tower of Babel with some 15%(?) of the world's population currently holding smart phones.

What will that new voice say when well over half the world speaks, and can be heard?

'Will work for food.'?
or
'What time is the movie Friday?'

I prefer a brighter future.
12:37 PM on 03/01/2012
The fundamental problem is not addressed here is Peak Oil. It doesn't matter how much of the sun's energy hits the earth every day. The ability to capture it and turn it to productive use will never replace the current use of oil and natural gas. We have already burned half of the known reserves of oil. The rate of discovery is below the rate of consumption and has been in sharp decline for decades. If we were to burn the remaining supplies at the current rate of consumption, we will run out in about 30 years. The problem is worse, however, since the remaining supplies require more energy investment to extract. A more realistic number is 20 years. If we were to replace that energy with nuclear over that time frame, we would need a new nuclear power station coming online every 3 days. If we used hydro, we would need a new Three Gorges dam every 48 days. Solar and wind don't even come close. This is a huge predicament. It is also a big problem in terms of food supply. The Green Revolution that has allowed the population to reach 7 billion is dependent on oil and natural gas inputs. Those 3 billion people he expects to be cloud computing in the coming years are going to be more concerned about not starving. Their iPhones and diagnostic gadgets aren't going to feed them. I think he is dreaming in technicolor.
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11:48 AM on 03/01/2012
The only way we will maintain abundance is if we control population growth, and that ain't gonna happen.
01:50 PM on 03/01/2012
With today's technology, yes. With 2030+ technology , not so much.
lastpost
see biography
06:59 AM on 03/01/2012
"Are you a Peter or a Paul - an optimist or pessimist?"
'Cos what we’re desperately short of here are Marries between those two. Realists.

"rather than assume it's game-over"
lets identify exactly what the game truly is. Survival. Everything but everything, hangs from that hook.

"There is no question that fear can motivate"
However, concentrating minds on resolving problems tends to leave little capacity spare for such indulgences.

"one of the strongest motivators to dismantle the Nazi war machine"
and its Back To Work slave labour mentality.

"curiosity is a rather weak motivator and you can actually measure the ratio by comparing the national defense budget to the national science budget... a 30-fold difference. There are real problems"
too in that science does not appear to be able to organise itself as effectively as a religion can. Thus its effectiveness in pursuing the purpose for which both ultimately exist, is to some extent impeded. If it could but bring itself to concede that it is not infallible. It might just get that antagonist to examine and confirm its own shortcomings in that respect.

"corporations and government."
If their agendas are viable, then no question presented to them should reveal contradictions. A failure to respond does not constitute an answer. It is a confirmation of befuddlement.

"to change the global conversation from complaining about problems to solving them"
first ditch denial.
06:19 AM on 03/01/2012
Buckminster Fuller was on to this many decades ago. He was influential in some circles. Mostly he was ignored today he is nearly unknown. The problem then and now is not innovation. We have solved hunger and poverty and war and transportation and more. It was done a long time ago. We have not seen the benefits of all this because these solutions are the "one thing we cannot do".

Piracy is not downloading music and movies off the Internet. The Piracy today is the robbery of the positive future by people who stand between us and the solutions we have already paid for.

The people in politics and finance have catered to stupidity to keep their power and profits. I cannot think of a single world leader today who is advocating universal disarmament. Instead they want a one sided disarmament which is no disarmament at all. They want to guard the backwardness of their position, at the cost to the detriment of the entire human race and the Planet itself.

It is a bad trade to have all this stupidity and war and pollution and poverty for no reason other than the privilege of letting sick people rule us with fanatic ideas. (see the current US elections)
03:34 AM on 03/01/2012
I'm with Orwell on this one: There is absolutely no need, even now, for any human being to go hungry, thirsty, or without decent housing. None whatsoever. Nor is there any real need for great disparities of wealth or status. If humans were to actually apply rational thinking and compassion to life in a consistent manner, our population would stabilise at a sustainable level; resources would be used wisely and shared equitably; infrastructure and logistics would be developed and maintained; wars would be stopped; superstition, fundamentalist religion and ignorance stamped out; the ecology and biodiversity would be preserved; and the priority of the overwhelming majority of humans would be the betterment of humankind and the expansion of knowledge, understanding and exploration.
If, that is, we were as smart as we claim to be.
10:42 PM on 02/29/2012
Abundance is one thing... giving 99% of it to the 1% that don't deserve it... a completely different one.
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03:11 PM on 03/01/2012
Excellent point. And that right there completely obliterates the article premise.