article_snippet: As processes improve and technology advances, the price to produce smart machines will decline, which will deliver a 'tech boom'.
article_snippet: As tech advances, costs will decline to deliver a 'tech boom'.
article_snippet: This means less capital will be available for the future generations and means production could actually fall over time, despite the fact machines are capable of producing goods more efficiently.
article_snippet: The resulting tech bust reflects past humans obsolescing current humans.
article_snippet: This means less capital will be available for the future generations and production could actually fall over time, despite the fact machines are capable of producing goods more efficiently.
article_snippet: The long run in such cases is no techno-utopia.
article_snippet: In short, when smart machines replace people, people eventually bite the hands of those that finance people.'