UW Barter News Sept 1992 Page 2

"Unlimited Wealth," by Paul Zane Pilzer with introduction by Bob Meyer, Barter News, Sept 1992.

Page 1 2 3 4
5 6 7 8
About the Author
Pilzer is a Paradigm-Buster
Education Must Never Stop

More on
Unlimited Wealth

Explains how we live in a world of unlimited physical resources because of rapidly advancing technology.

"Unlimited Wealth: Paul Pilzer Tells Where to Find the New Prosperity," by Duncan Maxwell Anderson, Success Magazine, October 1993.

"The Economic Alchemist," by Paul Wirth, Lehigh Alumni Bulletin, October 1990.

"Renaissance and Real Estate," by William Summers, Financial Enterprise--The Magazine of GE Capital, Fall 1989.

page 2 of 12
     Paul Zane Pilzer views the world as providing unlimited resources that permits the possibility of wealth for all! He says, like the ancient alchemists who tried to turn base metals into gold, we now can create great value where little existed before... so today there is no need to pretend--rather, this is the way the modern world now works. Thanks to the "magic" of technology, we can expand the supply of resources available to us as well as create new materials to replace those resources the earth and cartels make hard to get.
     Technology makes it possible to turn the raw materials of nature into elegant and sophisticated devices more efficiently than ever. For example, we can make computers from sand (the raw material from which silicon chips are made). We're playing an entirely new game that has changed enormously in the last few years. And nowhere quite so dramatically as in economics and business.
     While it seems unbelievable, Pilzer says ours is a world of unlimited resources, one of unlimited wealth. In the Alchemic world, as in the economic world, a society's wealth is still a function of its physical resources. Now, however, both the definition and the supply of those resources are almost exclusively controlled by technology.
     This new economy can cause confusion. For instance, in 1981 the U.S. Congress passed the Economic Recovery Act (ERTA), which lowered individual income tax rates and provided tax incentives to businesses purchasing new equipment. Economists warned that the policy would lead to an economic collapse. But that didn't happen: The gross national product continued to grow unabated.
     Clearly something was going on that no one could explain. It was, in fact, Alchemy at work.
     The ERTA forced corporate America to close the technology gap. In Alchemic terms, that's the gap between the level of available

technology and the level of technology actually in use.
     With tax incentives directly connected to acquiring new equipment, America's corporations retooled. Productivity increased, production costs decreased, the inflation rate decreased, the supply of capital increased, and interest rates remained stable.

The Impact of Technology
     Historically, levels of technology have been measured in terms of ages (Iron, Bronze) and revolutions (agricultural, industrial) which usually lasted millennia, centuries, or decades. Technology, the driving force of a nation's economy, now changes by the moment.
     Traditional economics treats technology as a constant, a view clearly outdated. In contrast, consider these tenets of the Theory of Alchemy:
     1. Technology is the major determinant of wealth because it determines the nature and supply of physical resources.
     2. The advance of technology is determined mainly by our ability to process information.
     3. The backlog of unimplemented technological advances (the technology gap) is the true predictor of economic growth for both the individual and society.
     Technology affects both sides of the traditional economic equation but it has a greater impact on the demand side. John Maynard Keynes predicted in the 1930s that people would lose their incentive to buy more after fulfilling basic needs, causing demand to fall. The opposite is true--the more people earn, the more they spend. Indeed, John Kenneth Galbraith said, in 1958, "In the affluent society, no sharp distinction can be made between luxuries and necessities." Technology provides an ever-increasing array of new products that may start out as luxuries but soon become necessities--like the fax machine.
                          prev           next

PUBLICATIONS

		The Next Millionaires Explains how you can become of the the ten million new millionaires that will be created between 2006-2016.		The New Health Insurance Solution How to get cheaper, better health insurance from birth to old age without an employer plan.		The New Wellness Revolution How to make a fortune in the next trillion dollar industry--preventative medicine and wellness.
		New York Times Bestseller God Wants You To Be Rich Explains how our economic system is based on our biblical heritage, and you can prosper materially and spiritually.		Fountain of Wealth Award-winning 6 CD (or cassette) audio series explains the new opportunities for creating wealth in the 21st century.		Other People's Money Pilzer's first book, exposing the S&L Crisis and the history of savings in America.

Unlimited Wealth
Pilzer's seminal work explaining how we live in a world of unlimited physical resources because of rapidly advancing technology.

The Next Trillion
Why the wellness industry will exceed the $1 trillion health care (sickness) industry in the next ten years.

Real Estate Review
Collection of articles on the guidelines for success in commercial real estate investments.

The Wellness Revolution
How to make a fortune in the next trillion dollar industry-- preventative medicine and wellness.