Sigma Labs Inc (SASI)

[GetRich1day]

Pessimists underestimate the potential of new technologies. Additive manufacturing extends the mass production of the assembly line to mass customization of products to individual tastes and specifications. As Gordon himself notes, people always want to personalize their consumption; that is why motor vehicles, which allow the individual to determine when and where they are going, supplanted the fixed schedule and destination of the railroad. 3D manufacturing has moved beyond its plastic origins to multi-material manufacturing, opening the next frontier of 4D manufacturing where products are broken down into their constituent parts and then reassembled when and where needed (think: cubism meets manufacturing).

One important conclusion from both Gordon’s documentation of the innovations that powered growth in the 20th century and The Great Disruption is how little innovation results from public policy, especially when transformative technologies like electricity and autos interact with each other. This bodes ill for the potential of exercises like the federal government’s advisory panel on growth, headed by Dominic Barton, which is focused on minutiae such as new ways to fund old-style infrastructure projects and tinkering with increases in immigration, trade and job retraining. As Nobel prize-winning economist Robert Lucas Jr. noted, growth is not about small increases in (Adam) Smithian efficiency, but dramatic Schumpeterian innovation.

http://business.financialpost.com/fp-comment/philip-cross-ignore-the-pessimists-this-looks-like-the-cusp-of-a-new-economic-miracle