Question

Review the myth of suppressed technologies. We've all heard stories of technologies that exist but are suppressed by corporations or government. Related to this is the "planned obsolescence" strategy, where new products are regularly released with new features. Is this really a myth? Can you make an economic argument that would support this strategy? Could it backfire?

Answer 1

There are many reality cases/ situations associated with supression of technologies like Free Energy supression conspiracy. theory. In which many technology based , pollution free, low energy consumption projects and ideas has been supressed by corporates and government or advocacy group.The devices/technology allegedly supressed includes perpetual motion machines, torus based generators, low cost energy sources etc. Thus through group of conspiracy from team of people have changed the dynamics of business a lot for their vested interests. Planned obsoloensce of many technologies happening even during recent times like supression of Artificial Intelligence which may create huge adverse impact on employment opportunity for human beings. The economic argument of maintaining an imbalance or instability is always required for an economy to get sustained. There should be different economic classes of people always in the society . In the same line certain technologies which may balance several situations or create huge imabalcne get supressed by the corporates. It is not easy to backfire such supression from the giant corporates and political groups. The group afgitation/protest may help attimes to reduce the effect of supressions. Technology in certain aspects are threat to the human environment and such things has to be supressed. The extensive use of robotics and machine learning actually will swallow all the employement opportunities for future. Thus there should be a tradeoff between technology requirement and human concern.