New, compelling evidence that the United States of America is approaching the status of a third world nation has emerged in the last few years. It may seem ludicrous that one of the countries on the forefront of technology has citizens in a state of squalor but surveys and reports paint an alarming picture of the United States as falling so far down the economic scale of the world that the country will lose its status as a world power.
Singularity is described as the point when otherwise continuous mathematical progression becomes infinite. This would indicate that all continuous extrapolation breaks down beyond this point. Some feel that technology could become so productive that a singularity or period of extremely rapid growth could occur.
Singularity indicates that technical advances have interfered with economic growth. There is speculation that economic growth rates could exceed current understanding. Dr. Hanson, an economist at George Mason University, views two periods of steady economic growth based on the invention of agriculture and the Industrial Revolution. Dr. Hanson feels that another period of singularity will appear in 2075.