The Dark Side of Technology

in this video we examined the dark side of exponential technologies the future I’ve shared with you is exciting and helpful but let’s not kid ourselves exponential technologies also create serious risks that cannot be ignored you’re definitely wanting to see this next video just make sure you’re not doing it right before you go to bed let’s get started the future sounds exciting doesn’t it if you’ve watched the videos to date but we’ve got to admit there’s a dark side to technology so let’s explore that the fact is that criminals are exploiting technology now that in and of itself is nothing new there have always been thieves and robbers and all that kind of stuff but even though it’s nothing new it is a little bit new of what’s going on I mean remember Al Capone Al Capone was you know a big deal in the Prohibition era he was using automobiles when police were still riding horses remember this guy Machine Gun Kelly well he was using a machine gun hence his name when police had revolvers drug dealers were the first people using pagers and cell phones long before anybody else was and these days they’re crooks are and drug dealers they’re using submarines tunnels robotic gear they even have their own cell phone towers well it’s not unusual to find that bank robbers are using getaway cars but you know there’s now an app that lets robbers hire getaway cars there’s also an app called or how about this one please rob me dot-com they know when you’re going away on vacation how do they know you posted it on Facebook you’re telling everybody how excited you are to be going to Hawaii well they knew your house would be empty they post the data there for crooks to know when it’s good to rob your house at megaupload this site before it was shut down had free music and movies through illegal downloads 50 million users a day 4% of global Internet traffic how about the website girls around me you want to know if there are you know girls around you this site will tell you if there are how about Ashley Madison site that became infamous that was encouraging married people to have discreet Affairs 67% of college students admit that they have sexted meaning they have allowed others to take photographs of them in shall we say compromising positions the photos are often linked to Facebook and Twitter accounts and these photos get posted online for all to see and it occurs after the breakup there’s a website called it’s now referred to as revenge porn you took these pictures lovingly but then your ex posts them angrily on the website to embarrass and humiliate you the FBI says in 2016 240 million dollars were lost to online scammers there’s something new in the world of insurance called K and our coverage kidnap and ransom yeah you travel overseas to another country here’s what the crooks do they wait in the airport terminal they see a guy standing there with a sign with your name on it you come off the plane you meet your driver he takes you to your hotel or that’s the way it’s supposed to be instead the kidnappers walk up to the driver they hand them a hundred bucks and they tell them to leave they then stand there with the sign you show up and happily get into the car voluntarily and the kidnappers have already kidnapped you and you don’t even know it so now business executives and wealthy people can purchase kidnap and ransom insurance because that’s all the kidnappers want is the ransom it’s a ten billion dollar business growing 12% per year and it’s not just you that might be held for ransom it could be your computer there’s now ransomware you turn on your computer here one day and you get a pop-up screen that says we have taken over your computer pay us a ransom or we will never give you access to your data again 250,000 victims have paid over 30 million dollars in ransom increasingly they’re being told to pay the ransom in Bitcoin and then there are botnets this is an online attack where a crook sends software out and maliciously attacks your software your computer and uses it to send spam you ever notice all those spam emails you’re getting it’s your computer that might be involved in sending out that spam and you don’t even realize it and what about a DOS attack a denial of service attack a computer grabs hold of other computers and gets tens of thousands of them to suddenly go to a single website all at once 30% of all personal computers are infected and involved in this this is how when you hear news that an airline’s computer system crashed or a major phone company system or some other major retailer it’s because of these denial of service attacks all designed to shut down the Internet and then there was the flash crash may 627 teen also known as the crash of 2:45 p.m. this is the stock market’s performance the Dow Jones Industrial Average on the day of May 6 2010 ordinary day until you see that huge drop the Dow opened at 10:00 862 that morning it closed at 10:00 5:20 but look what happened at 2:45 p.m. a 600 point drop and full recovery within minutes if you were one of the hapless few in that five-minute period who sold by sheer coincidence you placed a sell order at that very moment you lost a substantial amount of money without any warning and then there’s the dark side of mobile technology 21% of fraud cases involve mobile devices 6 billion dollars in losses in 2012 they found 67 fake banking apps a year later 13 rid of them a nineteen hundred percent increase in 2013 they found four million malware apps on telephones that was a six hundred percent increase over the year earlier antivirus software stops only five percent of it attackers can record audio and video from your phone they can track every keystroke you use grab all the data on your phone and forward it they can track your location in real time in 2015 eleven percent of americans one out of nine lost money to phone scams that’s seven and a half billion dollars of losses there’s the business listing scam the free vacation scam the loan scam to survey scam all of these designed to trick you into sending your money to a stranger over the Internet let’s look at the dark side of AI and machine learning you know Dave you know this right I’m sorry Dave I can’t afford to do that that’s how from 2001 a Space Odyssey more recently you remember Joshua from the movie wargames can a computer refuse to obey a human well Stephen Hawking said success in creating AI would be the biggest event in human history it might also be the last unless we learn how to avoid the risks Bill Gates says I’m in the camp that’s concerned about super intelligence and Elon Musk says AI is our greatest existential threat all of these are among the more than 100 scientists who have encouraged new rules to slow down the development of artificial intelligence then there’s AR and VR this is Bruce Willis in the movie surrogate people just sitting in a chair or a bed all the time because their surrogate is wandering around engaging in life instead of them a little bit spooky how about wearables check out the logo if you can barely see it in this photograph at the University of Michigan you know you’re wearing clothing and we’ve talked earlier about how clothing as wearable technology can measure your heart rate and other physiological data but who owns that information well at least in the case of the University of Michigan Nike owns the data as part of its 170 million dollar deal to provide uniforms to the University Nike owns the personal data that it collects from the wearable technology heart rate monitors GPS trackers and other sensors like he’s not saying what they’re gonna do with the data they’re not saying if the players will be compensated or even informed in the future you might buy a shirt but the manufacturer or retailer might own the data that it collects about you speaking of data let’s look at the dark side of big data we’ve already looked at all the different ways that your data is being collected but what about your brainwaves that data too can be collected from technology how about companies that go out of business due to technology Sweetbriar the philadelphia inquirer tower records all of these gone because they couldn’t keep up technologically how about the dark side of robotics what happens when a robot starts making other robots well a Cambridge they already are the pr2 robot in Germany taught itself how to make pizza by reading wikiHow Dino it happens do you know what you get when you have robots that are capable of making other robots which are capable of teaching themselves how to improve do you know what we call that The Terminator how about the dark side of self-driving vehicles sdds are going to be highly disruptive if you have self-driving cars you don’t need truck drivers anymore you don’t need cab drivers anymore you don’t need bus drivers anymore you don’t need any of these drivers well wait a minute what does that mean for people who own all of those taxicab companies well the price of a medallion in New York City was a million bucks in 2013 two years later it fell 17 percent a guy who owns 98 medallions in Chicago says I’m already at peace with the idea I’m going bankrupt because we’re not gonna have cabs anymore in fact if you’re not gonna have cabs you’re not gonna have trucks you’re not gonna have truck stops right if you’re all truck drivers if you’re not gonna need parking garage attendants you’re not going to need valet you’re not going to need garage attendants you’re not going to need Tollbooth collectors you’re not going to need driving schools if nobody’s driving you’re not going to need car rental companies because everybody’s using uber you’re not going to need public transportation either in fact you’re not going to need anything involved in the crash economy you’re not going to need auto body shops auto paint shops you’re not gonna need aftermarket parts manufacturers you’re not going to need claims adjusters you’re not even going to need chiropractors think about that one for a minute 70 percent of the patients who seek chiropractors have back injuries sustained from auto accidents if you don’t have any more auto accidents you don’t have back injuries you know need to see a chiropractor and poof chiropractors are out of business you don’t need to buy auto insurance anymore this explains why Allstate in its recent filing to the sec said potential technological changes such as driverless cars could disrupt the demand for our products and we may not be able to respond effectively Cincinnati financial another automobile insurance company said it gets 25 percent of its revenue from automobile insurance and disruption of the insurance market caused by technology innovations such as driverless cars could decrease consumer demand for insurance products Mercury Insurance Group told the SEC the advent of driverless cars usage based insurance could materially alter the way that auto insurance is marketed priced and underwritten travelers said the technology is the potential to transform consumer demand the way policies are priced and the patterns of crash frequency and severity used to predict risk LKQ which is a aftermarket manufacturer said if the number of vehicles involved in accidents declines or if the number of cars being repaired declines our business could suffer this is why in a survey of insurance industry executives 84 percent said self-driving vehicles will greatly impact their business by 2025 and 90% of them don’t have a strategic plan you know who else has threatened car wash companies you know in the old days when I was a little kid yeah yeah that’s the old days when I was a little kid it was routine we would wash the car or we would go with dad to get the car to the carwash and without a doubt it would rain the next day you know it was the inevitable like when you know what does the phone ring whenever you get in the bathtub I mean you know it just these things happen well today thanks to better weather prediction capabilities people don’t go to the carwash if there’s a prediction of rain tomorrow this has dramatically reduced the revenues of car wash companies because in the old days they benefited from the rain because the guy who got his car washed yesterday had to come back tomorrow to get his car re-washed now you just wait till tomorrow and you only get your car washed instead at once instead of twice so businesses of all sorts get impacted by these kinds of technological innovations a lot of folks didn’t get thrown out of work as a result of self-driving vehicles it’s not the first time we’ll have experienced this look at the number of Americans working on farms in 1870 half the country worked on a farm by 1950 it was down to 18% now it’s less than 1% of the population working on a farm excuse me I don’t think we have 99 percent unemployment and that’s the point in other words people migrate to different occupations sure we used to I’ll be working on the farms then we all went to working in the factories and we’re going to have to go start working in some other occupation to stay viable in the marketplace there are some other issues to consider however one of them is legal we have the notion of crash optimization algorithms think about this your drive in the car you make a decision of what to do right well if the computer is driving the car and it suddenly has a choice does it swerve right and hit a wall which kills the occupant does it go left and kill the motorcyclist or does it go straight and kill the pedestrian who’s in jumped in the middle of the road how does the computer decide who programs the computer to make that decision and who’s going to end up in court as a result of it is it the owner of the car is it the Builder or the car is it the manufacturer of the lidar system is it the occupant of the car where does the liability rest and then there are computer viruses you know there’s a very famous used car center in Texas called the Auto Center and they’re famous for their policy no matter if you have good credit bad credit bankruptcy repossession no credit at all we’ll sell you a car why would they be willing to sell a car to literally anybody because the fear of course is that they sell some in a car they provide them the loan to do it and then that person doesn’t pay off why would they be willing to do this it’s real simple because they install a chip in the car and if you don’t make your monthly payment they activate the chip and it deactivates your car you can’t start it basically turns your car into a brick now it doesn’t do this if you’re driving it waits until the car is parked and turned off for safety purposes but it’s a brilliant idea technologically this way they’re willing to say we’ll sell you the car but you do need to pay us or you don’t have a car to drive we’ll pick it up you know because we know where it is with GPS technology and we’ve turned off the ignition brilliant idea and has made the company very successful but one day a disgruntled former employee accessed their computer system hacked it and bricked hundreds of cars of their customers people who hadn’t done anything wrong walked out of their homes and suddenly discovered their car wouldn’t start it was pretty embarrassing for the company when that happened let’s take it a step further could police commandeer your car and take you directly to jail might your car take you directly to jail might your car finger you as being a guilty party the first incident of that happened in 2016 a Ford tattled on its owner she was engaged in a hit-and-run accident she hit someone left the scene but the car had technology to automatically call police in the event of an accident it did when the police called her to see if she was okay she didn’t answer the phone they went to the accident scene led there by the GPS system discovered the accident and then were able to track her down first incident of an individual turned into police by their car well tinkerers be able to continue tinkering with their car well car enthusiasts continue to enjoy their hobby if we’re engaging in nothing but self-driving cars by 2030 it’s predicted most current automakers will be replaced by new startups think that’s crazy Tesla didn’t exist 10 years ago it now has a larger market value than General Motors and there’s one item you probably are going to need in your self-driving car it’s a barf bag 6 out of 10 passengers get motion sick sitting in a self-driving car let’s talk about the dark side of bionics we have already talked about the fact that parents are happy to provide tutors for their kids and to what extent will parents go beyond this to provide advantages to their children while they’re still in vitro will you provide your child with higher IQ better attractive features as society deems them attractive features that make you taller or prettier or faster to what degree are parents going to engage in this a simple question is this man disabled all right we know that this guy is in prison for murder so we know he’s a jerk but at that aside is he disabled I mean I my attitude when he went into the Olympics was why don’t we just put Rockets under his legs and catapult him to the finish line I mean at what point do you draw the line between human and machine well Star Trek answered that question a number of years ago let’s talk about nanotech Ernst and Young did a story on nanotechnology and they said you know we really don’t know yet what the potential liability injury and environmental damage is if nanoparticles escaped into the air or water how about 3d printing well here’s a plastic gun made by a 3d printer here are plastic handcuff keys none of this detectable by metal detectors here are fake purses and handbags these aren’t real goods these are fakes but they’re made with 3d printers basically stealing the intellectual property of the companies that had created those designs and you know back in the day when we used to play with chemistry sets and the basements of our parents homes the most dangerous thing we ever made was a volcano right baking soda and vinegar and you know what well kids today can play with electric electronic circuits and who knows what they’re able to build and you have to wonder what might a teenage boy who’s been bullied or a lovestruck teenager do with the technology that they’re capable of creating in their parents garage then there’s the dark side of medicine you know it’s really good news that people are gonna live to a ripe old age live very healthy into their 80s 90s hundreds and so on well here’s Brian reader and Great Britain age 76 he looks like he’s in really good health doesn’t me he’s in such good health he was able to tunnel into a bank vault yeah he and seven other guys were able to engage in a multi-million dollar robbery the youngest was 72 the one thing they said to police when they were finally caught they had to make frequent stops in their getaway because one of them had a weak bladder South Korea has seen a dramatic increase in the number of men of crime by people over the age of 65 a 12% increase over a 2-year period on a 40% increase in violent crime in Japan crime by people over 65 doubled over the 10-year period o 3 to 13 the elderly in Japan now account for more shoplifting than teenagers do in the Netherlands there’s been a sharp rise in arrests and incarceration of elderly people in London people over the age of 65 arrests have risen 10% from oh 9 to 2014 elderly prison inmates are increasing 3 times faster than the overall prison population is it possible that someone could take bird flu and weaponize it is it possible that someone could take a personalized cancer treatment and turn it into a bio threat is bioterrorism next and I’m not just referring to that kid in his basement who thinks everybody hates them in the world is against him and I’m not just talking about North Korea which heaven forbid would perhaps engage in a bioterrorist attack what about something well-intentioned that goes wrong somebody who is literally trying to make a cure for cancer but instead unleashes something that kills millions of people it’s not bioterrorism that is a potential threat but bio error ISM that we have to worry about as well one prominent scientist in London says that over the next ten years there will be an incidence of bio terrorism or terrorism that will kill two million people we’re hoping he’s wrong and then there’s the dark side of energy and environmental systems we now have products that are being manufactured through nanotechnology material science are we sure that we know the long-term effects on the environment of all of these products and how about the dark side of crowdfunding and crowdsourcing 90% of consumers say they’re influenced by online reviews and 70% say they trust online reviews as much as they trust their friends reviews but 25% of the reviews on Yelp are fake 2% of all the accounts on Facebook are fake that’s the equivalent of the population of New York State on Facebook you can buy a hundred thousand fans for 1,500 bucks on Twitter you can get four thousand followers for five dollars GoFundMe we talked about this earlier to help where you raise money for a charitable cause or for a local child who needs cancer treatments they charge a five percent fee to raise money plus a two point nine percent processing fee plus a three cents per donation fee you might be better off raising the money some other way and then there are flash Rob’s take a look at this video that’s a pretty amazing video the advantage of this is people have no idea who each other are they just went to a common website that said at such-and-such date go to so-and-so store grab what you can in 90 seconds even if one of them is caught they literally don’t know who the other perpetrators are flash Rob’s are increasingly common not only in big cities but small towns as well we talked about the advantages of the sharing economy the rise of the on-demand worker but contingent workers have no traditional job protections they have no unemployment insurance no workers comp they have no pension plan no liability safeguards of any kind how about gamification well you know it’s really wonderful to get people to do something in an effort to win a prize but when it goes bad you end up with something like Wells Fargo where they had a program called 8 is great where they required the people in their bank branches to cross-sell lots of products resulting in horrific sales practices they ended up firing 5300 bankers at 6300 of their branches they paid a hundred eighty five million dollar fine facing dozens of federal and state investigations and lawsuits and they’re not the only company that has done something like this Volkswagen they’re engineers installed software to improve the emissions test scores to make the cars look better gas mileage than they really were they ended up paying about fifteen billion dollars in fines they’re facing criminal charges and thousands of lawsuits around the world that’s the downside of gamification how about mobile banking well you love the idea of free Wi-Fi hotspots you get them in airports and public places all over the place except that people can hack into your phone in those public spots they can access everything you’re transmitting over that public Wi-Fi spot so you’ve got to be very very careful and then there are the guys who simply stand back a couple of feet when you’re at an ATM they look over your shoulder at the PIN number that you’re typing in they lift your wallet they have your card and access to your bank account and then there’s something weird from mobile banking called double presentment you know here’s what happens you know the old way you get a cheque from somebody you sign the back of the cheque you take it to the bank you deposit the cheque you present the check to the bank you only do it once because you hand them the cheque you never see it again but in double presentment it works differently you no longer go to the bank to make a deposit instead nowadays you simply take a photograph of the back of the cheque right and you electronically send it to the bank but you still have the cheque so what do you do you deposit it a second time this is called double presentment the bank ends up cashing that check twice or you think you have twice as much money in your account as you really do crooks use it to get people to pay them twice because they double present the cheque you’ve given them or honest innocent people result in over draws because they don’t have as much money in the bank as they thought they did double presentment is a real problem with mobile banking and then there’s digital currency well here’s the price of Bitcoin over a several year period that is as volatile as the most volatile of all stocks and that’s not good if you’re trying to and use this to purchase goods and services what’s the value of a Bitcoin in any given day that’s a bit of a problem there are also tax implications with Bitcoin I mentioned earlier in a different video that the IRS considers Bitcoin to be property which means if you use Bitcoin to purchase something you’re actually selling an asset and if you are selling the Bitcoin for more than you paid you have a capital gain you have to report the transaction on your schedule D on your tax return I wonder how many people know that or are actually following the rules and then there’s the safety of your Bitcoin you’re keeping your Bitcoin in an account online with a custodian is your custodian safe might a hacker access your account some years ago mount GOx at the time the largest Bitcoin custodian was hacked and four hundred million dollars with a big were lost then there’s an anti inflation element to the economy going digitally if we don’t have an inflationary environment that actually could lead to deflation and deflation is what a depression is all about the last one we saw in the 1930s so as we experienced demonetization as everything gets cheaper and cheaper look at your smartphone you have dozens of products and features and services and benefits in your smartphone for free that people used to pay for well that’s bad news if you used to be somebody who makes a living selling maps right so demonetization can create deflation which can lead to depression perhaps like we saw in the 1930s and how about the dark side of the blockchain itself the Department of the Treasury and the financial stability Oversight Council both say that the blockchain is a significant risk to financial stability it’s the end of financial privacy and there’s a risk of what they call a 51% attack I mentioned earlier that the blockchain is so safe because as a public ledger it cannot be duplicated it cannot be altered it cannot be deleted unless one person controls 51% of the blockchain if one person has a dominant control they can do whatever they want to it now the likelihood of that happening is very remote this is after all a global based system but theoretically there is a risk of a 51% attack and if all the world’s financial system is relying on this digital currency and that attack occurs the world’s economic marketplace collapses and how about the dark side of investments well the best way I can explain it to you is Kodak 1996 Kodak is 135 years old it’s one of the best brands on the planet 140,000 employees 28 billion dollars in value by 2012 the company files bankruptcy what what happened from 1996 to 2012 what happened the smartphone happened and we stopped buying film we started taking digital photographs in the old days you had to buy a roll of film 12 images you had to be really careful which photos you took because you only had 12 you had to pay for that roll of film and then you had to take the roll of film and pay to have it developed you had to wait several days they only gave you one copy of the photograph today with digital photography you can take as many photos as you want they’re all free you see them instantly you can share them with the entire world immediately Kodak couldn’t compete the year Kodak went broke 2012 Instagram 18 months old 13 employees was sold for a billion dollars using digital photography invented by Kodak could I couldn’t make the shift it was too engrained with its factories and operations in the making and distribute distribution and production of film it couldn’t make the leap to digital this is disruption and this is what happens with technological innovation companies that were built for the 20th century as David rose aptly described it are doomed to failure in the 21st century and Kodak is a wonderful illustration disruption destroys companies Tower Records was killed by iTunes borders books destroyed by Amazon Blockbuster killed by Netflix myspace undone by Facebook classified ads killed by pretty much everybody when’s the last time you had an encyclopedia salesman knock on your door selling you a subscription no it’s all free now on Wikipedia and Google see there’s nothing new about this the horse and buggy were destroyed by the Model T and the automobile assembly line look at high-end hotels founded in 1957 45,000 employees a hundred and fifty-five thousand rooms in 54 countries a market value of 8 billion dollars compare that to Airbnb a company founded in 2008 only 1,300 employees but they have over a million rooms in 34,000 cities with a market value of 24 billion dollars a 20th century company compared to a 21st century company Quicken Loans is now the second largest mortgage lender in the United States doesn’t have a single branch bill Emerson the CEO says we’re a technology and marketing company that happens to do mortgages Elon Musk of Tesla says the Model S is not a car it’s a sophisticated computer on wheels I was talking with another technologist he said that quote is wrong Elon is wrong the Model S is not a sophisticated computer on wheels they download software on a regular basis it’s an app it’s not even software you see the average lifespan of a company is now dramatically shortening back in 1920 the average company in the S&P 500 lasted 65 years today they last for less than 15 by 2025 according to the Olin Graduate School of Business 40% of the S&P 500 will not exist a survey two years ago of the fortune 500 CEOs the question was simple what is your company’s greatest challenge 72% said the rapid pace of technological innovation who’s at risk life insurers annuity marketers disability insurers long-term care insurers auto insurers the entire auto industry the entire crash economy colleges and the energy sector muni bonds banks and brokerages real estate they’re all at risk let’s take a look at safety and security’s dark side your hotel room can easily be hacked because they aren’t keys anymore they’re now electronic cards your baby monitor can be hacked by somebody driving by your blood soup glucose monitor can be hacked your thermostat can be hacked when you’re cooking uh making a cup of coffee the data in that coffee pot belongs to the coffee pot manufacturer they know when you’re making coffee how much coffee you’re making what are they doing with the data hackers can get ahold of your office fax and photocopier machine caused it to overheat and start a fire the police are capable of using algorithms to predict who’s going to commit a crime that’ll just have to wait for the crime to happen they can do it in advance they look at friendships social media we showed you all this in a prior video drug use of arrest records employment status do you have family or friends who have been killed who are in prison or are in gangs that makes you potentially more likely to commit a crime yourself and they can approach you before the crime is even committed in an effort to get you involved in a rehabilitation program in North Dakota the police are using drones and they’ve weaponized them the drones now have the ability to use Tasers tear gas pepper spray and rubber bullets will they eventually permit real bullets will the military one day give the kill decision to a robot some people say it’s inevitable the Pentagon says absolutely not it is always a human that makes the decision to drop the bomb or fire the weapon but if your robot is carrying an m16 and you’re facing the enemy’s robot which is carrying a machine gun do you have the time to wait you might not have a choice but to allow your robot to fire first on its own algorithm lie-detection is coming as well because of fMRI machines where they can detect brainwave patterns they know whether or not you’re lying will that be allowed to be used in a court of law right now you have Fifth Amendment protections but you can be compelled to give your DNA your blood tissue sample will they be allowed to require your brain scan and picture this not just in a court of law but in your living room if your spouse says to you are you lying to me have you ever lied to me personal privacy may be changing in ways we’ve never even begun to think and finally the darkest side of all Luddites let’s get their name from the 1800s in England where the introduction of looms into the textile mills threatened Weaver’s they were so upset about the loss of their jobs that they destroyed these looms in an effort to protect their jobs credited with a gentleman by the name of Lud and they over the years came to be known as Luddites Luddites are people it is regarded of those who hate technology and who hate the advancement of Technology here’s one illustration firemen that guy doesn’t look like a fireman does he well this is what a fireman used to look like a hundred years ago in a locomotive firemen were the guys in the locomotive who kept the trains moving kept the coal going they created the fires rather than putting them out and when locomotives became diesel and electric you really didn’t need the fireman anymore it took sixty-five years for the locomotive and railroad companies to be able to fire the fireman because of job protection can turns by members of Congress look at it today we’re seeing global demonstrations in countries throughout Europe South America and here in the United States these are taxi drivers who have blocked major interstate highways they’ve done this in Brazil in France in Italy and in the United States blocking airports as well as a protest against uber because these cab drivers are acknowledging that they’re losing business and their livelihood to this new technology does anybody care other than the cab drivers if you’re able to get a faster ride a more enjoyable ride at a lower cost it seems that nobody cares about the threat to taxi drivers except those in the taxi cab business and how about this organization called consumers for paper options they want mutual funds to discontinue emailing shareholder reports and other information to investors they want the IRS to distribute all tax forms via paper they want the Social Security Administration to stop using direct deposit and to resume the mailing of checks who are the people who are members of the consumers for paper options it’s the American forest and paper Association the envelope Manufacturers Association the National Association of letter carriers the National Rural letter carriers Association these industries and the companies that are within them are threatened by email and they’re trying to have us move back to the Stone Age and then there’s Car and Driver magazine which wrote in an editorial in July of 2016 the fully automated car will never happen really are they pandering to their readership or do they actually believe what they’re saying the these represent the dark sides of Technology we have to recognize that technology is capable of doing things but will American consumers allow it to happen are they threatened economically by the elimination of their job do they fear the freedoms that they may lose are they afraid of the dangers that may lurk that could cause technological innovation to be slowed down will they demand LED legislation or regulation that curtails scientific innovation this is why the darkest side of all are the Luddites in our society and that is the truth about your future that’s it for this video I’m sure you’re happy we’re finished with it in our next video we’ll start our tour of how all these exponential technologies impact your personal finances we start by examining how you need to plan for the future your financial plan is probably fatally flawed because it’s assuming things that aren’t going to prove accurate or relevant for your life and you’ll see why you need not one plan but three financial plans one for now one for later and one for much later this series is based on my New York Times bestseller the truth about your future the money guide you need now later and much later if at any point you have any questions you can send them to me by visiting thanks for watching

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