Innovation and AI will permanently disrupt and ultimately destroy profit making systems unless an evolution in philosophy in economics is cognited on soon.

C. H. Douglas’s Social Credit policies were the answer 97 years ago and they still are, but one doesn’t even have to recognize or embrace its basic premise which is that as a flow the rate of total costs exceeds the rate of flow of individual incomes simultaneously produced. The system is creditary/digital. Therefore a gift of credit/money will costlessly equate a continual inequality of it in ratio to prices, and a gift of reduced prices at retail sale, which is where all costs for any item are terminally summed and is also the end of the productive/economic process so no economic agent before or after can be harmed, are the policy answers economists are looking for but missing.

All of the major reforms and theoretical cutting edge research like Public Banking, MMT and Steve Keen’s Disequilibrium theory point to it and in fact each of these contain an aspect of the philosophical concept that Social Credit is based on which is monetary grace as in Gifting.

Every economist is a nascent Social Crediter.