All profit making economic theories except Social Credit currently will only advocate more employment as the solution to our economic problems. Unfortunately the wedding of the forces of innovation, artificial intelligence and profit making systems, all of whose logics are efficiency, will by some estimates eliminate as much as 80% of the need for jobs by humans in as little as 14-15 years. So which one of innovation, artificial intelligence or profit are all current theories willing to dispense with?
Well innovation and artificial intelligence are both blessings which in no way exclude Wisdom and Ethics from still being a normal human pursuit, and in actual fact, given that leisure is directed and self determined activity and NOT idleness and that historically those people who had the leisure to pursue their own self determined pursuits have actually been the most creative and happy demographic of humanity, not to mention the primary inventors of everything from Wisdom to indoor plumbing…so they are not good candidates for elimination. So apparently, for all orthodox economic theories it is profit because they can only come up with jobs as a solution, and if 80% of the need for jobs in a profit making system are eliminated, requiring people to work for their survival transforms the economy into a socialist work state. ?????
Ironies and orthodoxies abound in all current economic theories….except Social Credit.