Second Incomes, as suggested by Louis Kelso, would be derived from a broad new program of capital investment. This is not in any way Socialism. Kelso's first book, with Mortimer Adler, was The Capitalist Manifesto.
There is a link, under SECOND INCOMES, on the Aesop Institute website, to a recent article by Gary Reber, that provides a complete overview of Kelso's legacy. This is an invention in the field of economics that might be viewed as an analog to LENR, insofar as it addresses a huge problem - and is, to date, largely ignored by the mainstream media. Mark Goldes Co-Founder, Chava Energy CEO, Aesop Institute www.chavaenergy.com www.aesopinstitute.org 707 861-9070 707 497-3551 fax ________________________________________ From: a.ashfield [a.ashfi...@verizon.net] Sent: Saturday, January 26, 2013 10:56 AM To: vortex-l@eskimo.com Subject: Re: [Vo]:Another article about the impact of automation on employment Edmund Storms wrote: “This is obviously a basic question and the obvious answer is a form of socialism. Money will have be extracted from the system to give basic support to the unemployed and underemployed. As we know from sad experience, when people are hungary and bored they gum up the system. This consequence is not hard to predict. The US will be particularly susceptible to this problem because of the irrational attitude toward such social support held by people who call themselves Republicans and libertarians.” Basic support to the unemployed won’t do it. That doesn’t allow for the market of luxuries that gradually improve the standard of living and civilization in general. There are some possibilities in a much shorter working week, much earlier retirement and a direct payment to every individual from the government. The problem is the transition and from where the government would get the money for the change. There are very few ways that fit within the current cultural and political framework in the US. So like the Chinese proverb says: “Interesting times.”
