What is the core logic of economics? Many experts like to confuse ordinary people with terms that are difficult for them to understand, complicating the simplest principles of economics. It makes ordinary people think that the wall of "economics" is too high to climb over. In fact, the core logic of economics is one: the rate of economic circulation determines the economic boom and bust cycle.

Let me give you an example of what happened in the Industrial Revolution, why did the first Industrial revolution happen? Steam engine (the birth of the train and the railroad greatly increased transportation capacity)+The invention and application of the telegraph (which increased the rate of commercial information exchange by tens of hundreds of times) increased the inefficient productivity of the horse-power era that human beings had been running for thousands of years by tens of times in terms of information exchange and productivity improvement. Therefore, the Industrial Revolution took place. Its core is to greatly improve the speed of social economy. Why did the second Industrial Revolution take place? The core logic remains the same, and the invention of the electrified locomotive (which greatly improved labor productivity in the steam engine era)+The telephone increased the rate of information exchange on the basis of the telegraph. Once again on the basis of the original substantial increase in the economic operation of the base rate. So, the second Industrial revolution happened. The core logic of the third Industrial Revolution remains the same: electronic technology and information engineering will again double the speed of the economy on the basis of electrification. So, of course, the third Industrial Revolution happened in the United States.

The world is now searching for the "singularity" that will trigger the fourth Industrial Revolution. Will it come? What is the core underlying logic?

At present, the speed of the world economy has been running in the era of electronic science and technology information exchange70Years ago. If not2000The advent of the Internet in commerce around a year ago temporarily halted the slowdown in the economy based on the fact that the age of electronic technology had come to an end. We should have been in negative growth today. (The growth of the world economy today depends more on the false prosperity of financial bubble brought about by the excess money of central banks.)

Where is the singularity? What is the underlying logic behind it?

First of all, the core logic remains unchanged. In terms of economic speed improvement, the current global consensus is to form resonance force in five aspects. Will detonate4.0The Industrial Revolution. The five aspects are:1Quantum technology+2, new material breakthrough (transportation energy consumption is close to zero)+3, artificial intelligence (5G6G+Intelligent business)+4Nuclear fusion+5, biotechnology.

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