tag:blogger.com,1999:blog-32931256.post3282237355945911876..comments2024-03-22T05:20:44.167-07:00Comments on The Disaffected Lib: The End of Neoliberalism?The Mound of Soundhttp://www.blogger.com/profile/09023839743772372922noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-32931256.post-16783662466120220182016-03-18T07:04:50.435-07:002016-03-18T07:04:50.435-07:00@ UU4077 - I did a post the other day on Galbraith...@ UU4077 - I did a post the other day on Galbraith's "The End of Normal" that focused on the chapter dealing with "creative destruction." This expands upon some of the points made in your links. Galbraith writes of, " new ways for the information-processing device to perform tasks that used to be carried out by someone else for money; new ways to kill off activity elsewhere; new ways to devalue somebody else's skill" as the inevitable result of our rampaging technology.<br /><br />It's almost never mentioned that Adam Smith, in his 1776 "The Wealth of Nations," foresaw that the Ponzi scheme that today's capitalism has become would have a shelf life of about 200-years. Give or take half a century it seems he was right. From Wiki: "A central theme of the book is the desirable consequences of each person pursuing self-interest in the marketplace. He theorized and observed that people trading in open markets leads to production of the right quantities of commodities, division of labor, increasing wages, and an upward spiral of economic growth. But Smith recognized a limit to economic growth. He predicted that in the long run, population growth would push wages down, natural resources would become increasingly scarce, and division of labor would approach the limits of its effectiveness."<br /><br />After this period, Smith concluded civilization would enter a 'steady state economy' not because it was particularly desirable or superior but because there would be no other option. It seems ridiculous to even argue the point but we live on a finite world and the limits of this world prescribe that the economy must be a subset of that environment. I think we may be on the verge of discovering that immutable law of nature but possibly much too late.<br />The Mound of Soundhttps://www.blogger.com/profile/09023839743772372922noreply@blogger.comtag:blogger.com,1999:blog-32931256.post-7693251134168467172016-03-18T06:53:17.712-07:002016-03-18T06:53:17.712-07:00I just looked on Amazon, Kirby, and it's avail...<br />I just looked on Amazon, Kirby, and it's available but seems a bit pricey. You can get the ebook for about $14. I'll wait until it shows up on Abebooks next year.The Mound of Soundhttps://www.blogger.com/profile/09023839743772372922noreply@blogger.comtag:blogger.com,1999:blog-32931256.post-59145803693225125002016-03-17T18:22:58.898-07:002016-03-17T18:22:58.898-07:00I think you might find this an interesting link
...I think you might find this an interesting link <br /><br />http://thereformedbroker.com/2016/03/13/a-tech-powered-disinflationary-world/<br /><br />Within it is another link "Abundance" - another good read.<br /><br />Technology may end up speeding-up the destruction of our current form of capitalism. Most don't understand what's happening until it hits them in the face (like Uber and taxi cabs).<br /><br />A guaranteed minimum income with corporations forced to pay their fair share of taxes is a start. Looking forward to a "Star Trek world".UU4077https://www.blogger.com/profile/10350775839411436865noreply@blogger.comtag:blogger.com,1999:blog-32931256.post-58852393876267445782016-03-17T15:44:18.719-07:002016-03-17T15:44:18.719-07:00Thanks for that good post. I look forward to readi...Thanks for that good post. I look forward to reading Mason's book. In the UK they have Corbyn, in the US they have Sanders, when are we going to produces a leader who actually talks about redistribution and fair taxation instead of towing the neo-liberal line like Mulcair? Kirbycairohttps://www.blogger.com/profile/17528654183160305877noreply@blogger.com