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And we are all talking about globalization being the culprit which to me is a huge distraction from the actual problem: automation. I wonder if it's not a bigge
by ajmurmann 10y ago
And we are all talking about globalization being the culprit which to me is a huge distraction from the actual problem: automation. I wonder if it's not a bigger part of the national debate because it would require politics to say that currently unemployed likely will remain not needed and call for something like basic income guarantee which is in essence a gateway to something very similar to communism.
- 7952 10y ago> a gateway to something very similar to communism. At least it would be explicit. Western economies tend to have income redistribution in various forms anyway. It just gets mixed up in tax rates, tax credits, service subsidies and entitlements. People have little idea what the flows of money really look like.
- ajmurmann 10y agoIf you haven't done so already, I think you'd very much enjoy the Econtalk episode with John Cochrane: http://www.econtalk.org/archives/2016/09/john_cochrane_o.html http://www.econtalk.org/archives/2016/09/john_cochrane_o.htm... He argues in favor of decluttering the policy tools you listed. Sounds excellent to me.