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- In quoting Adams about the failures of democracy #Romney forgot to mention that America was founded as a Republic for those very reasons!
- What is your aptitude to the George Soros reflexivity theory?
- March report "How Revolutions, Wars and Plagues are Harbingers of 'Great Changes' in Societies and in Economics" published. http://bit.ly/2y4LJZQ
- @PhilDeCarolis @CNBC This makes as much sense as saying you should not buy any fire insurance as your house in unlikely to burn down.
- It looks Saudi Arabia will make the next major contribution to the skyscraper index.
- RT @GrabienMedia: Montage: President Obama’s Contributions to Civility in Washington @BarackObama https://t.co/ZHB9FEYXZ2
- U.S. wages rose by just .2% in the 2nd quarter, the weakest growth since 1982, shocking markets that had expected a rise of .6%.
- July housing starts up, but building permits plunged 16.3%, to their lowest level since March and the biggest drop since June 2008!
- Debate-Inequality: Should We Care?
- Ron Paul examines the future of digital currency and how it may give the Fed more control over monetary policy: https://t.co/UHw4oWwnQ3
Sunday, August 23, 2015
What if the Luddite fallacy isn't a fallacy forever?
Personally I'm not fond of the neoluddite freak out going on right now, but I do think there is a little truth to it. It's pretty logical that we have been working toward a low-effort high yield economy. So it only makes sense that underemployment is becoming a trend. I personally believe the emerging gig/sharing/freelance economy is a natural market reaction. But the problem is that in the long term these jobs will become more and more subjective, to the point where a human presence would be pure novelty. Not to say we're anywhere near the point of a novelty economy, but it's definitely worth planning ahead of. I'm asking here because the only thing I ever hear as a solution is UBIG, reverse income tax and citizens dividend. Some even say that we'll naturally abandon money all together. Not to say I would reject money for nothing, but when all is said and done it may be too much to ask and abolishing money would take a catastrophic transition.