You Can Manufacture What You Desire

Peter Diamandis recently spoke with The WorldPost about his new book, “Bold: How to Go Big, Create Wealth and Impact the World.” He is also founder of the XPRIZE Foundation and co-founder of Singularity University, Planetary Resources and Human Longevity Inc.

WorldPost: What differentiates this digital era of what you call “exponential transformation” from the earlier industrial era of “linear” change? Why is change so much more accelerated and expansive?

Diamandis: Industrial production was basically a one-for-one proposition. If you wanted to double your output, you doubled the number of factory workers or the amount of machines.

In the digital age, the marginal cost of replicating data is near zero and the marginal cost of distribution is near zero. You can produce and distribute an app, a document, or a service a million-fold or a billion-fold at almost no new incremental cost.

So today, any single individual can impact the lives of millions or billions of people without the huge costs of capital, as used to be the case.

The curve of change — which I boil down to 6 “d’s” — is exponential because culture makes progress cumulative. Innovation occurs as humans share ideas. You build on my idea; I build on yours.

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