Surveying the catastrophe.

If there is one trend that is clear, it’s that a greater and greater percentage of economic “value” will be concentrated into fewer, and fewer people and companies. Automation will destroy more jobs, and concentrate more economic extraction to fewer individuals, than new industries will produce.

It begs the question, why a political party would base their campaign on providing “jobs”, rather than providing income? “We promise to keep you busy with tasks” – hardly the most inspiring of messages, is it?

There is too much that too many people do, which requires more skill and more time, than people have money to pay for it to be done.

UBI, at a level considerably higher than the current unemployment rate, is inevitable – large economic extractors (including wealthy individuals) are going to have to pony up radically higher taxes, and that money is going to have to go directly to people, because through Covid we’ve seen both the future of what happens when too few people have enough, and how effective “just giving people money” is in blunting that catastrophe.

So again, IF you were a political party hoping to win government, why would you double down on an obsolete paradigm?