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Low-cost, high-grade coal, oil and natural gas - the backbone of the Industrial Revolution - will be a distant memory by 2050. Much higher-cost remnants will still be available, but they will not be able to drive our growth, our population and, most critically, our food supply as before.
I think the rise of China is inevitable, because China has moved from a low-cost producer, at low levels of technology, to higher levels of technology, and because it's very competitive, even in some high-tech products they offer at very competitive rates - much lower than their competitors.
Warner Bros. has talked about going out with low-cost DVDs simultaneously in China because piracy is so huge there. It will be a while before bigger movies go out in all formats; in five years, everything will.
After costs, only the top 3% of managers produce a return that indicates they have sufficient skill to just cover their costs, which means that going forward, and despite extraordinary past returns, even the top performers are expected to be only as good as a low-cost passive index fund. The other 97% can be expected to do worse.
I want to bring clean water to people who do not have it. What I'm trying to do now is think of ways to build a well-drilling machine that is low-cost so people in rural areas can afford it. People in rural places could use the water for irrigation or for drinking.
In the coming era of manned space exploration by the private sector, market forces will spur development and yield new, low-cost space technologies. If the history of private aviation is any guide, private development efforts will be safer, too.
States are looking for low-cost solutions that will enable better communication, while avoiding the danger in which the chain of command breaks down in emergencies. We do not want everyone talking to everyone else all the time.
I want to bring clean water to people who do not have it. What I'm trying to do now is think of ways to build a well-drilling machine that is low-cost so people in rural areas can afford it.
Items of interest will be located, identified, monitored, and remotely controlled through technologies such as radio-frequency identification, sensor networks, tiny embedded servers, and energy harvesters - all connected to the next-generation internet using abundant, low-cost, and high-power computing.
My office has a view of low-cost housing, old East German prefabricated apartment buildings. It isn't an attractive view, but it's very helpful, because it reminds me to ask myself, whenever there is a decision to be made, whether the people who live there can afford our decisions.