The result is also that we _require_ to create new and irrelevant jobs
because of our socioeconomic framework that requires exponential growth
instead of liberating people from work.
"On the collective level, not consuming the cake means choosing growth
over leisure. More efficient production technology allows us either to
work less or to work just as hard and produce more stuff. Our economic
system requires and embodies the latter choice. But despite today’s
association of “Keynesian” economics with fiscal stimulus, Keynes
himself never saw stimulus as a permanent solution. As a society, we
have been artificially stimulating demand now for seventy years, through
military spending, highway construction, and subsidies for accelerating
extraction, construction, consumption, and imperialism. Attempting to
uphold economic growth and keep the marginal efficiency of capital ahead
of interest, we have trapped ourselves in a pattern of more and more
production, whether we need it or not. Adapting to this trap, economic
theory, with its assumption of infinite wants, says we will always “need
it,” always need to produce more and more, if not in one industry then
in another. I have described this process differently: as a depletion of
first one realm and then another of natural, social, cultural, and
spiritual capital. Keynes did not state it so explicitly, living as he
did in the ideological context of Ascent, but he clearly intuited it.
His use of the past tense in the above passage suggests, at least to me,
that one day it would be time to eat the cake: to choose less work over
more stuff." -- Charles Eisenstein /
http://sacred-economics.com/read-online/
On 01/08/2013 11:36 AM, Matt Mahoney wrote:
Over the last couple of centuries a lot of human labor has already
been automated. The result has been economic growth, more career
choices, and better working and living conditions
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AGI
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