4 ms·
Big part of it, as far as I can tell. Slight further (and darker) twist: our economic model is dying, but nothing substantive is being done to make appropriate
by tiffanyg 3y ago
Big part of it, as far as I can tell.
Slight further (and darker) twist: our economic model is dying, but nothing substantive is being done to make appropriate revisions.
Essentially: we have excessive, but still increasing, numbers of people with skills and in economic classes / roles that are "tertiary" and beyond. As processes have been made more efficient over time, and the surplus wealth has been accrued in an ever more concentrated fashion, we increasingly seem to have a sort of "surplus" (oh boy, can it get more Dickensian?) of people in something of a "middle class limbo".
Of course, the very efficiency that has pushed workers out of roles, is efficiency that means we (can) produce plenty for the people presently around. Further, it's basically always the case that people ultimately pushed out of roles contributed in substantial ways, even if just indirectly, to "our" ability to replace them. But, the "tally sheets" we use to divvy up resources, account for contributions and "deductions", etc., are more and more fundamentally broken.
Throwing the so-called "AI" into the mix only makes this worse.
... I'm a bit too tired and pressed for time right now to try to really tie this off nicely, but, hopefully the outline of this (current iteration of this) hypothesis is clear enough. It's an argument (in the sense of dialectical &/ rhetorical debate) that has come up many times. For example, Vonnegut's "Player Piano" springs to mind. But, I do think we're finally at a point where there will need to be some adjustment in economics, culture, etc. Or, we're heading into "French Revolution" territory.
Also, it's not as though humans haven't been through this before - not only at times like during the "Reign of Terror", but also, when people like John D. Rockefeller were in their heyday. At that time, Rockefeller, for example, became quite community-oriented himself. He made substantial contributions to the well-being of society / humanity, in ways that often went beyond simple provision of money for charitable efforts.
No idea which way things go this time...
Edit: correction - when I wrote "produce plenty", I was in a mindset focused on NA / Europe, in particular. Simply the areas I'm most familiar with. Throwing countries like India, China, etc., into the mix, makes the situation more complicated and difficult. Far too much there to touch on right now.
- hospitalJail 3y agoI don't think the economic model is dying, it seems to be going stronger worldwide. Even with protectionist pushbacks, capitalism seems to come out on-top. (Sure there are issues like regulatory capture, but those are bumps in the road to a free-er market) > the surplus wealth has been accrued in an ever more concentrated fashion, we increasingly seem to have a sort of "surplus" (oh boy, can it get more Dickensian?) of people in something of a "middle class limbo". I know you are saying that billionaires have a ton of money. But I see this in the lower class. Every teen and every lower class person has an iphone, a Veblen good. Status seeking people have it even easier than ever to present an image of being rich. This means middle class people can pretend to be even more rich (A middle class person could afford a 250k car given the 8 year loans, or rent one for an IG photoshoot). It has people feeling insecure. The French revolution was driven by bad food harvests. This is an issue of status, not starvation. 100% of people can't be billionaires. Not sure what that will mean.
- idiotsecant 3y agoFood insecurity is real, widespread, and getting worse. setting aside your 'let them eat cake' comments, though, surely you understand that a society is only useful to the people that compose it when it does a good job of somewhat equitably distributing the fruit of the society's labors. When a few men have as many resources as the bottom decile or three, the system is broken. People are working longer and harder for less and less. It's not about 'beong billionares' it's about a basic level of human dignity. It's about being able to afford medical care, having a secure place to live, being able to afford to spend quality time with your family.
- hospitalJail 3y agoFair point. I was thinking about the US, not Pakistan.
- DropInIn 3y agoYour talk of middle class makes it sound like it's the average for the world when in fact it's a tiny minority.... Making between 100k and 1mil usd https://en.m.wikipedia.org/wiki/Middle_class https://en.m.wikipedia.org/wiki/Middle_class