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Agreed. And we're suffering all kinds of negative consequences from this system. I think one of the great economic questions facing our generation is "How can
by dbingham 8y ago
Agreed. And we're suffering all kinds of negative consequences from this system. I think one of the great economic questions facing our generation is "How can we keep the efficiencies of scale we've gained while reintroducing the craftman's motivations and ethics that have been lost?"
I have some ideas towards that direction, but make no claims on a definitive answer.
Worker cooperatives seem promising, since they change the average worker from "grunt" to "owner / director". It changes the incentive structure around what gets communicated and how as a company scales. Worker cooperatives also change the incentives around growth itself -- disincentivising growth beyond a certain point because each new worker waters down the voice and control of the existing ones.
AI driven automation and robotics, in a context of worker cooperatives, presents the possibility of keeping our production efficiencies (that used to require huge scales) while maintaining small organization sizes. We're not there yet, but it seems like we're not too far off.
I think reconfiguring the economy around these two ideas, presents the possibility of a good answer to the question posed above. And has lots of extra benefits beside (like building democracy into our economic system and not just our political system, and creating a system that more equitably distributes wealth by nature).