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What changed? I believe technology changed. Instant information exchange. Selling/buying globally with no barriers. I believe technology is changing too quickl
by PopsiclePete 10y ago
What changed? I believe technology changed.
Instant information exchange. Selling/buying globally with no barriers. I believe technology is changing too quickly for our system to even be able to adapt. Look at the Financial sector, for example. High-frequency trading, "insurable securities", by the time we create new laws and regulations, they've thought of 4 new ways to make money that avoid those regulations. And who is the winner from all that? Certainly not the 99.9%.
Same with the IT sector or BioMed or any other "knowledge economy" sector - we're doing great. Problem is, we need to figure out how to make the wealth really start trickling down, or we're in for rough times.
Trump and the angry pitchfork mobs are real, today, and they're pissed. The Tea Party, the Occupy movement, Brexiters, Trump supports - all feeling left behind and abandoned and betrayed and pretty angry. I sincerely hope we figure something out quick.