Joe Brewer – Capitalism

The Pain You Feel is Capitalism Dying

It can be very confusing to know that you won’t find a decent job, pay off student loans or put in a down payment on a house in the next few years?—?even though you may have graduated from a top-tier university or secured glowing references from all those unpaid internships that got you to where you are today.

Hi Joe,

All you say is true enough in a sense, and it is much deeper.

I’ve been writing about this for a while now, and the latest exchange on my blog covers most of it:
https://tedhowardnz.wordpress.com/2016/05/01/evonomics-oligarchy/

In essence, exchange values (market values/money) were a very useful tool while most goods and services were in fact scarce. Now that automation allows us to create universal abundance of an exponentially expanding set of goods and services, the raw incentives of an exchange based system of value actively work against the interests of the vast majority within that system.

The inevitable outcome for the majority of the current system is poverty.
The mathematics and logic is really simple, once you can step outside th box of accepting money as the measure of value, and allow it simply to be one of a potentially infinite class of value measures.

I am actually more optimistic for the future of humanity now than at any time in the past 50 years, and that is based upon the premise that an exponentially growing set of people will come to understand that in our age of exponentially expanding information processing and automation, laissez faire economics result in poverty for the masses.

Change will happen as people demand it.

It is technically relatively simple to develop systems that will deliver what most westerners consider a high standard of living, great food, lots of toys, free travel, secure housing, water, waste management, health-care, education and communication, all freely available to every person on the planet.

Such a system comes with a social responsibility to take reasonable steps to ensure the lives and liberty of everyone else, so there is no such thing as absolute freedom, all freedom comes with responsibility – two sides of the same coin.

Within 10 years we could easily have systems in place that ensured that no person would have to work more than one day a week, and most no more than one a month – and everyone could do whatever they responsibly chose.

And in such a world, diversity will flourish. It demands a radical tolerance of diversity.

And most people are capable of such tolerance, if their own needs for security and freedom are adequately met.

It is not any sort of equality, and it is a high minimum standard for everyone. And of course some people will do things that require much more resources than other people, that is part of diversity.

About Ted Howard NZ

Seems like I might be a cancer survivor. Thinking about the systemic incentives within the world we find ourselves in, and how we might adjust them to provide an environment that supports everyone (no exceptions) - see www.tedhowardnz.com/money
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