The drift toward decentralization that started in the Soviet Union is spreading all over the world. This enormous increase in human resources will, as Julian Simon would predict, increase the abundance and drive down the cost of natural resources - leading to an even faster rate of industrial progress. Sharply lower commodity prices can mean deflationary collapse, but they can also predict rapid technological improvement. High Ameri-can stock prices can be an investment mania, but they can also portend a nearing period of rapid economic expansion. America, by example, will be the epicenter of any such technological advance.
Timing is always the difficult part.
The answer is - to plan for both. I think that 6 billion people, the miracles of science and technology, and the examples of our great innovators will not be denied.