History Can Be Irrelevant To The Future
Things can often move in cycles over decades, or even centuries....up until there is a paradigm change like the automobile replacing the horse. When the functional human lifespan is only 50 years, adjusting to paradigm changes can be hard to see coming.
The most convulsive human change in recent history was the tractor replacing the horse and plow eliminating the need for over 90% of farmers. Fortunately, industrial functioning absorbed all of the famers in America when it was a nation of only 50,000,000..
You often hear people say that technology doesn't replace jobs, it creates jobs. That has been true....up until the past three years as technology has replaced tens of millions of jobs around the world.
Such job losses are causing overleveraged industrial nations to go bankrupt globally...because current industrial economic systems structurally depend on jobs to generate cashflow.
No industry is more susceptible to job loss than the financial services industry. It is ripe for automation and the need for people will be almost nil compared to current employment levels.
For a nation of over 300,000,000 people, a HUGE social, economic, and political problem is before us trying to figure out human functioning when MOST don't need to work......should we give everyone an opportunty to farm with a horse and plow?
Right now the KEY difference between WEALTH and POVERTY in America is whether one is being directly/indirectly BAILED OUT or NOT BAILED OUT. If you have taxpayer subsidized financial assets, you are bailed out...if not, you go hungry. This is not sustainable and how Alstry knew rioting would eventually break out all over the world. Because when people need jobs to eat.....if they can't find jobs, they must figure out a way to eat.
More are realizing we are heading to a www.udderworld.com let's hope we can adjust before we start hunting each other to eat.
Occupy Sets 'Bank Transfer Day'...