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DRGEORGE
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Second-Order Consequences of Self-Driving Vehicles - Mish - Global Economic Analysis

Spot on, Mish; but when I bring this up in conversation everyone thinks it's 20+ years away. Like you, I think the change will be much faster than that with a host of unforeseen consequences. Insurance for human driven transport will become exponentially expensive, driving the technology uptake at an exponential rate. It will be interesting to see what happens to real estate prices (and where!)..

Commented 2742 days ago

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Beginning of the headline :Benedict Evans, a blogger who works for a venture capital firm that invests in technology, has an interesting article on the shift to electric and self-driving vehicles. Please consider snips from Cars and Second Order Consequences by Benedict Evans. There are two foundational technology changes rolling through the car industry at the moment; electric and autonomy. Electric is happening right now, largely as a consequence of falling battery prices, while autonomy, or at least full autonomy, is ... Read More

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