Most economists, especially of the neo-liberal perspective, but even the heterodox can think only about employment and government injection of money to enterprise as the solution to our lingering stagnation. However, as the system is inherently cost inflationary and AI by nearly every futurist’s assessment will eliminate jobs at a rate ten times faster than innovation has has ever done so before and thus also reduce aggregate individual incomes….how can attempting (and undoubtedly failing) to only create more jobs….be a solution???
The truly integrative and effective economic viewpoint and policy would be to raise individual incomes with a universal dividend delivered directly to the individual and a retail discount to prices that created actual price deflation without compromising profit making systems. Does anyone stop to think that if individuals had a lot more income in their hands to purchase things and there were also falling prices and yet businesses were still whole on their margins and overheads….that there would undoubtedly be more employment available than if we had the current lingering stagnation?
Without these specific policies economists and their pundits are unconsciously and I’m quite sure unintentionally, creating a situation where socialism, an intentionally correct and admirable but essentially unworkable economic theory….is inevitable.
Think about it. Think. About. It. Think.