Would You Pay for Teleportation Technology - The Economic Perspective

Would you pay any amount for the ability to teleport? According to B.K., one of the prevailing views is that there's no price tag for technology that promises to revolutionize our lives. In this article, we explore the economic implications of such a hypothetical technology and whether it could ever be accessible to all.

The Value of Teleportation Technology

For B.K., the idea of teleportation is not something to be valued highly, but instead it is a fundamental shift in how we understand our existence. He states, 'I don’t buy shit I can build. And the fact is the future is not there yet but the past is there to postpone the current end/goal!'

This perspective underscores the idea that true value lies in current realities, and not in future technologies that may or may not fulfill their promises. According to B.K., if teleportation technology were reliable and reusable, the value would drastically increase, to the point where he would consider parting with almost all his resources to acquire it.

Economic Considerations

The economic perspective is another crucial factor to consider. According to B.K., in a free market setting, the value of teleportation technology would be determined by supply and demand. B.K. mentions that if a unique teleportation device were available, its price would be steep and would go to the highest bidder. However, if there were several of these devices, the price would drop significantly.

To illustrate this point, B.K. compares the technology to the diamond market. Rare items are highly valued, whereas common items are not. Similarly, teleportation technology would likely be more affordable if it were not a one-of-a-kind item.

Building vs. Buying

Another interesting perspective is that B.K. considers it more valuable to build such a technology himself than to buy it. He asserts, 'If I wanted the technology I could build it myself. The problem being, why build it, it would never be allowed to be used.'

This line of thinking suggests a philosophical argument about the accessibility and freedom of technology. In a society where such technology can be created but not used, it poses significant ethical and practical questions about innovation and its application.

B.K. further argues that until humanity is ready to embrace technology responsibly, teleportation technology and other advancements will remain out of reach. He states, 'Humanity needs to grow up first and today we are a long ways from that destination. We act more like animals than any intelligent beings.'

For B.K., the value of future technology should not be overestimated, as the reach and implementation of such technology depend on societal readiness and ethical responsibility.

Conclusion

Would you pay for teleportation technology? According to B.K., it depends on several factors, including the value of the technology in free market conditions, the ethical considerations of its use, and the readiness of society to embrace such advancements. In the end, the argument leans towards the idea that true value lies in current understanding and the responsible development of future technologies.