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Commentary By Mark P. Mills

Real Robots in Our Near Future: The Rise of Capable Industrial Automatons

Economics Technology

We know two things about the future. And both point to the need for many more and very different kinds of robots than now exist.

We know that even as economies increasingly digitalize and become ever more service- and software- centric, demand will still increase for the kinds of things that are produced by the “hard” industries. That reality was made clear during the disruptive lockdowns. Miners are needed to access minerals to supply the manufacturers that, in turn, fabricate physical stuff, from computer chips to medical devices, and from fertilizers to pharmaceuticals. All of that is critical for creating and operating all the services that make modern life possible.

We know that even as economies increasingly digitalize and become ever more service- and software- centric, demand will still increase for the kinds of things that are produced by the “hard” industries. That reality was made clear during the disruptive lockdowns. Miners are needed to access minerals to supply the manufacturers that, in turn, fabricate physical stuff, from computer chips to medical devices, and from fertilizers to pharmaceuticals. All of that is critical for creating and operating all the services that make modern life possible.

Continue reading the entire piece here at Dakota Digital Review

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Mark P. Mills is a senior fellow at the Manhattan Institute; a partner in Cottonwood Venture Partners, an energy-tech venture fund. 

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