High-Tech crises

Overview of HIGH-TECH Crises

In addition to triggering crises in otherwise-benign global trends the four established exponential trends in HIGH-TECH generate crises directly and require Pre-emptive Recovery as a counter-measure

 

The combined dominance of the four established High-Tech trends makes the global economy vulnerable to any disruption to them

 

Each of the four established High-Tech trends carries major risks to economic stability in its own right

  • Although many perceived risks of overdependence on Digitization are unfounded there is a severe vulnerability to technologies such as Pulse Bombs
  • Many risks from Networking are already well-addressed but Cyberattack remains a major threat because of acute vulnerabilities in civilian targets
  • Miniaturization crises primarily relate to healthcare – especially if advances in antibiotics and other treatments do not keep pace with emerging risks
  • The Simulation trend brings major risks of crisis from deliberate bioterrorism and accidental release of pathogens

 

The riskiest High-Tech crises arise from unintended consequences throughout the world economy escalating too fast and being too interconnected for conventional responses to work

 

High-Tech crises need PRE‑EMPTIVE RECOVERY – devising responses to risks as part of the overall development-process

  • Those who devise an exciting new technology should also try to forecast even its less-likely potential problems and work out how to deal with them well in advance
  • Governments must have far better early-warning of potential High-Tech crises so that legislation can anticipate technological trends rather than react to them
  • Scientific debate must be accepted as the province of scientists but scientists then have an obligation to explain themselves well enough that the public trusts them
  • Responsibility to help counter threats such as cyberattack, nuclear terrorism and bioterrorism must rest not just on government but also parts of the private sector
  • Systemic healthcare threats such as increasingly antibiotic-resistant bacteria must be countered by active government intervention rather than left to market forces
  • The High-Tech sector must be protected above traditional manufacturing and very-long-term research into fusion-power and quantum-computing must be prioritized