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Betting against technology isn't a winning strategy in the long run. There's idea that I had first heard articulated in Sapiens: that the rules of society are s
by chillacy 7y ago
Betting against technology isn't a winning strategy in the long run. There's idea that I had first heard articulated in Sapiens: that the rules of society are shaped by the underlying technology (e.g. kings only make sense after agriculture).
We've been living in a society built around the 1920-1940s when we passed universal high school and labor union laws, setting up a scenario where companies needed human labor in factories and human workers could be compensated well as their companies succeeded.
If technology advances again it only makes sense that we would need to update the social contracts as well, as we have always done.
- riter 7y agoAn important meta observation, I agree. I would add to that a corporate shareholder governance model that takes all the externalities into account like labor and environment instead of primarily profit and public perception. While we're at it, update our model for GDP to include softer concepts like mental and physical well being / education / etc. If your metric is money, you become money.
- xster 7y agoThat's actually exactly one of his central arguments https://www.yang2020.com/policies/measuring-the-economy https://www.yang2020.com/policies/measuring-the-economy