Joel Kotkin and Marshall Toplansky

The space race gets serious

We are shifting from the early era of space exploration to a more serious phase extending ever further from Earth’s orbit, focused on key opportunities such as mining and manufacturing as well as military purposes. This newly expanded playing field will determine not only who rules in space, but who ends up dominating Earth. The protagonists include some familiar faces — the US, Russia and the European Union — but much competition will come from emerging powers, notably India and China, both of which look upon the “final frontier” as critical to their economic and military futures. Yet the rise of non-state space entrepreneurs, notably SpaceX, has introduced a fresh and potentially decisive factor to the new space race.

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How AI helps the tech giants

Artificial intelligence (AI) and its related technologies — machine learning and the metaverse — represent a watershed in the evolution of the global economy. Like other such shifts, its emergence is likely to favor certain interests, notably a handful of technology giants, the media and a small cadre of highly skilled programmers. Everyone else faces economic danger, certain to roil domestic and international politics in coming years. Eighty-two percent of millennials fear AI will reduce their earning ability — and they are right to be worried. The first group to lose will be the usual suspects: factory and warehouse workers as well as professionals with largely routinized occupations suited to automation.

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