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- Hey guys, let's build some pyramids!
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- Europe’s Largest Gold Dealer Targets Asian Demand & $1,500 Gold Price (Video) @SchiffGold http://bit.ly/20xQjrY
- Cryptocurrency like Bitcoin is taking the market by storm, but its volatility should raise questions: http://bit.ly/2lInIjn
- #Fed officials have no problem admitting growth is slowing abroad, yet deny U.S. growth is also slowing, even though its slowing faster!
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.