October 5th, 2004
Technophysio Evolution
Arnold Kling, in an article at Tech Central Station, tells us that "technophysio evolution is the ability of the human species to lengthen its lifespan. This has dramatic effects on the need for saving." He then proceeds to outline the weaker case for reform of social security (and similar wealth transfer programs) based on a very modest increase in life span and existing problems in this largest of Ponzi schemes. However, as I have noted at Fight Aging!, the entire nature of retirement will be changed through the technologies of radical life extension. Existing wealth transfer systems are doomed to failure, but this is a good thing! In exchange, the old regain health, vitality and the ability to be productive citizens once more.