Knowledge Economy and World Economy

Abstract

A rather striking fact about technology in our country is that it has not revolutionized our economic, - social and political orders, if not the economic, social and political ways of thinking prevailing among those members of our society who are supposed to be its intelligentsia. Their statements and ’attitudes not only show that they are unaware of how technological progress is going to change our world but also that they do not know and do not even bother to consider how they would like it to change our world. And when technological progress takes on the appearance of a threat, they quickly trump up obsolete twentieth-century “revolutionary" slogans like "neocapitalism" and/or '"neo imperialism" merely to cover up their own failure to carry out their mission as the educated group of society.

This article intends to demonstrate the dimension and nature of the problem that we are facing as a consequence of both technological development and its application in the economic field, and in so doing hopes to stimulate the search for the right answer. It goes without saying that any given problem may have more than one possible, answer and that these answers will each have their specific consequences. Accordingly, this article will be divided into two parts: the first discusses the problem being faced and the second attempts to offer au. answer which must, however, be regarded only as one among conceivable alternatives.