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RE: Thoughts on the evolution of Economic & Monetary Systems into the mid-21st century

in #money8 years ago

Heh... though I have to admit that the existing systems are not that intriguing to me in order to passionately debate in their favor, for a variety of reasons, including the fact that their death is approaching on the horizon due to AI-workers. So whatever economical model we've ever invented so far, is definitely going to prove inadequate in a few decades. And the question is what to implement that is better than what we have, but that also disallows the Elite and the governments to strip all our liberties in a dystopian techno-econo-politic system.

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Ai workers are no different than caterpillar tractors or steam engines. They will increase returns to capital and if prices are allowed to fall increase living standards.