Age of Technological Disruption

“All of the structures that we use to run the world today— our civics, our politics, our legal systems, healthcare, education— are all structured for a world 100 or 200 years ago, not for the world of today. So we think we’re in for a lot of disruption,” says Salim Ismail, founding director of Singularity University.

ReasonTV’s Tracy Oppenheimer caught up with Salim at the 2013 Milken Institute Global Conference in Beverly Hills, CA to discuss crowd funding, the next steps in technological expansion, and how we’ve entered the age of an information-based environment.

“It’s happening across industries. The first few were newspapers, music, and electronic publishing. Those were the first three domains to be fully information-enabled. Now were moving to cars being information-enabled,” says Salim, “we’re turning everything in to a computational basis.”

Singularity University’s academic programs strive to “educate, inspire and empower leaders to apply exponential technologies to address humanity’s grand challenges.”

A major driver of the future economy will be the lowered barrier to forming a company. $100,000 to start a company instead of $20 million and the $100,000 can be crowdsourced if you have a good idea.