> The author is right to point out that the old social contract, which consisted of mass employment and labour as the primary input is largely being replaced by

> The author is right to point out that the old social contract, which consisted of mass employment and labour as the primary input is largely being replaced by more and more bizarre ownership and asset speculation schemes. If you believe Piketty, this was true for most of human history, and the high value of labor was just a temporary blip from industrialization.