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My concern is ‘modern rich economies’ are a temporary aberration due to financialization and that the intelligence vs work schism will fall apart due to the und
by cjbgkagh 4y ago
My concern is ‘modern rich economies’ are a temporary aberration due to financialization and that the intelligence vs work schism will fall apart due to the under-appreciation of the importance of maintaining a manufacturing base. I would agree with you if the windfall of having been intelligent was invested in becoming more intelligent and thus an advantage is maintained but by my observation that has not occurred. It seems people will instead use their relative luxury to hold increasingly illogical ideas. Not only will we not have a manufacturing base but we won’t be intelligent either. For now financialization is propping up our way of life but that won’t last forever.
- mjburgess 4y agoInteresting view, imo, probably wrong. We imagine the "value-add" due to advanced cognitive skill is somehow "less real" than that which could be replaced with a machine arm. What we have discovered, and will do so, is that knowing where to place the chalk was always the basis of profit.
- cjbgkagh 4y agoAt no point did I suggest cognitive work was less real. And what point is knowing where to place the chalk if there is no machine upon which to place it. Proximity is important. Then there is the matter of scale and a question of how many pure knowledge experts are really needed.