Unless we redistribute wealth through socioeconomic engineering, creating more unemployment through automation certainly won't help matters ...
"CAIRO -- Egypt’s recent days of violence have focused attention on the country’s political crisis – but the underlying cause remains an economy on the brink of collapse. Rising prices of basic goods like bread, sugar and gasolinecoupled with high rate of unemployment and a lack of social justice has created a lethal and combustible cocktail.Poor education, youth disenfranchisement, unemployment and poverty have created a reservoir of resentment between the young men leading the protests and the government. Add to this mix a stagnant political reform process and the lack of confidence in basic government services, including justice, and you can understand the frustration among many Egyptians. Every few months there is an explosion of violence. The flames are put out by promises of reform or sometimes sheer exhaustion on the part of the protesters but the spark - deep and serious socio-economic problems - remains and that's why we see a repeat." http://worldnews.nbcnews.com/_news/2013/01/30/16773099-egypt-violence-is-rooted-in-the-economy-not-just-politics?lite&ocid=msnhp&pos=1 ----------------------- > Date: Tue, 29 Jan 2013 19:40:33 -0500 > Subject: Re: [agi] ... and it has begun. > From: [email protected] > To: [email protected] > > Anyone who thinks the American political system is broken hasn't been > to Somalia. Anyone who thinks the economy is broken hasn't been to > Haiti. But I guess it is our nature to complain no matter how good we > have it, and to ignore what is going on in the rest of the world. > > It is true that the U.S. share of the world GDP is declining. That is > because international trade helps both countries, but helps the poor > countries more. I consider that a good thing. In the U.S. some people > say we should by only products Made in America because it creates jobs > for Americans. But each American job created costs 10 jobs in China. I > would rather create jobs in China because the consequences of > unemployment in poorer countries is more severe. I care about all of > humanity, regardless of where people were born. > > -- > -- Matt Mahoney, [email protected] > > > ------------------------------------------- > AGI > Archives: https://www.listbox.com/member/archive/303/=now > RSS Feed: https://www.listbox.com/member/archive/rss/303/19999924-5cfde295 > Modify Your Subscription: https://www.listbox.com/member/?&; > Powered by Listbox: http://www.listbox.com ------------------------------------------- AGI Archives: https://www.listbox.com/member/archive/303/=now RSS Feed: https://www.listbox.com/member/archive/rss/303/21088071-f452e424 Modify Your Subscription: https://www.listbox.com/member/?member_id=21088071&id_secret=21088071-58d57657 Powered by Listbox: http://www.listbox.com
