We Need an Even Bigger Vision!
Bad News
Obama is fleshing out his investment/stimulus plan.
All parties agree the public sector must invest now to bootstrap the private sector into growth again. We have not been able to loosen credit, so we are left with spending. George W. Bush himself was the herald of this present need. Those of us held by principle to balanced budgets must set that aside for now.
Stay Smart
The only thing budget hawks can do now is concern ourselves with determining which investment will bring the most return to the economy in the long run. What will end up creating billion dollar industries? What is a billion dollars? I worry that monetary terms cloud long-term thinking. Personally, I am going to school to increase my value to society, first. (Concern only about the pay-out reminds me of Nigerian con-artists and petty thieves…and designers of silly mortgages!)
I mostly agree with the investments that Mr. Obama lays out. But I think his vision is limited. We need a larger vision, that would create more value for society, in the long-term. I can’t think of a better way than raising standard of living.
Bigger Vision
Imagine the standard of living increase if energy sources did not increase in scarcity over time; if rare materials became non-scarce (after a large enough amount was unearthed or produced). Perpetual Energy and Perpetual Industry. That is my Bigger Vision.
The first task is the harder of the two. For a real hard-nosed physicist’s assessment of this task, see Dr. David MacKay’s Without Hot Air. A huge investment in new power plants, storage (bidirectional water reservoirs), and transmission will be required.
The second task requires mainly just that we admit there is a need for it. We need only to make implementable legislation incentivizing the design of products that enable complete recovery of their scarce or ecologically-harmful constituents.
Create an Acedemic-Industrial Complex
Both the perpetual energy and perpetual industry goals can be helped by technology. This gets back to the public sector spending decisions that we are confronted with.
While perpetual energy requires a huge investment in infrastructure, it can be almost reached with current technology (again, see Without Hot Air). Likewise, perpetual industry can be nearly fully implemented by legislation. However, both would be seriously helped by technological development.
This is where there is potential for multiple billion industries being created. Obama’s team should increase their vision. We need huge investment in basic research directed toward these goals. This money goes far. Scientists are cheap.
Perpetual energy and industry–U.S. industry–could create more wealth and quality of life than even semiconductors and the internet, which were, by the way, developed via federal fiat and investment. Not only that, but the achievement of these goals would be synergistic with our nation’s other goals.



