PhamNuwen comments on Questions for the Singularity Summit - Less Wrong

7 Post author: lessdazed 15 October 2011 12:10AM

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Comment author: PhamNuwen 18 October 2011 04:44:26AM 1 point [-]

Question: Do you think financing government debt will unintentionally cannibalize capital needed to fund innovation at small and medium enterprises? In other words, at any given time there is a finite pool of capital (financed through savings) that can be spent in a variety of endeavors. Financing sovereign debt is one such market for capital, yet other, unseen areas are SMEs, who do not have the political or institutional "pull" to receive loans/funds during a solvency crisis. Thus will the steps towards a "technological singularity" be slowed down due to lack of financial resources?