Hubris.LENR does not mix well with global economics.
The uncontrolled birth rates in Africa will overwhelm any possibility of UBI there. ________________________________ From: Lennart Thornros <lenn...@thornros.com> Sent: Sunday, November 27, 2016 7:32 AM To: vortex-l@eskimo.com Subject: Re: [Vo]:More on automation and Martin Ford Axil, Your scenario is a good example of how the economy really is. It is not a zero sum game. Our resources are built on previous generations innovations and progress. After that we all have 24 hours per day. We can use them productively (in a wide sense) or just misuse them. Computers, houses, robots will be part of what we can do with those 24 hours a day. There are needs all over the globe. There are also resources (everyone's 24 hour a day). This out of the box thinking about economy has its problems. We have built a debt system we inherit with all the good things (not only monetary debt). That needs a solution and I am sure confiscation is not a solution. However, billion dollar assets inherited has no justification either. I do not have that solution but I think those two factors will together with creative thinking build a better world. Pacifistic? Idealistic? Perhaps both but if we can change thhe attitude toward money we can create a lot. Money are just means. Who need to accrue more resources than he/she can utilise.? The real resources are time (which is equally distributed) and creativity (which needs recognition). Best Regards , Lennart Thornros lenn...@thornros.com +1 916 436 1899 Whatever you vividly imagine, ardently desire, sincerely believe and enthusiastically act upon, must inevitably come to pass. (PJM) On Sun, Nov 27, 2016 at 12:20 AM, Axil Axil <janap...@gmail.com<mailto:janap...@gmail.com>> wrote: China will lead the way. China has 1.5 billion people to keep happy with no jobs to offer. It is true that all coastal cities worldwide within 100 miles of the coastline will be underwater and in need of relocation inland, That should produce a number of jobs. On Sat, Nov 26, 2016 at 11:02 PM, Jed Rothwell <jedrothw...@gmail.com<mailto:jedrothw...@gmail.com>> wrote: Daniel Rocha <danieldi...@gmail.com<mailto:danieldi...@gmail.com>> wrote: Why do you think taxation won't be very heavy? Because it will not cost much more than today's welfare systems, as I said. Money won't appear out of nowhere, minimum wage will only accelerate collapse. Money always appears out of nowhere when the economy improves. This will improve the economy. The minimum wage is supposed to accelerate the process. We want a transition to robots doing all the work. A higher minimum wage will help produce that. And there is still no answer about the debts. We just need to raise taxes back to where they were under Reagan or Clinton. The deficit and the debts will gradually go away. There is no crisis. In any case, there will be a finance disaster way worse than that of 1929. There might be, if it is done wrong. If it is done right it might work as well as the period from 1945 to 1980, which was the most prosperous in U.S. history, with the highest taxes. The two can go together if it is done right. - Jed
