Due the rapid development of Ai and humanoid robotics our economy and business environment could undergo radical change and result in mass unemployment. While this is a frightening prospect, it will also create fabulous opportunities for entrepreneurs and significantly reduce the cost of products and services for consumers. The industrial revolution saw the cost of cotton drop by some 98%. Ai and humanoid robots could also slash the price of goods and services.
To take advantage of the business opportunities presented by Ai and humanoid robotics, we as a nation need cheap, reliable energy, we need to encourage entrepreneurial people to establish businesses in Australia rather than anywhere else in the world, we need to develop entrepreneurs and we need to ensure that they are able to secure the capital needed for their business endeavours.
Large numbers of us Australians have the ability to be business owners. We need to facilitate their transition from employees to business owners by making it easy for them to raise capital and we need to encourage them to establish businesses. Classic Liberals is by far the friendliest political party for small businesses, which are the engines driving successful economies. Australia needs Classic Liberals’ policies to thrive.