The Big Gunt on Nostr: The biggest problem with all of the solutions we’re trying today is that the ...

The biggest problem with all of the solutions we’re trying today is that the inflationary environment that we have counted on for growth is breaking down because of technology. No tariffs, manipulation of currencies, or debt escalation will solve that problem. And as our economies move into the digital age where technology and data underlie everything, they don’t just deflate, they also become increasingly interconnected. Information doesn’t have the same constraints that physical goods have: it travels seamlessly across borders. It is much more efficient, eradicating a lot of waste from the system. But much of that waste and inefficiency are our jobs. We have been told this before—only to prosper as technology and innovation transitioned some jobs but, overall, had a positive long-term impact on jobs and economies. In the 1800s, machines replaced much of the hard labour that came before them and society was enriched. That technology created more new jobs than it destroyed, and the luddites who feared that it would be the end of work were proven wrong. Or, maybe, they were just early. Around the world, tensions are rising because prices are rising and high-paying jobs are at risk. A 2019 Pew Research Center study confirms the mood. Only 14 percent of US adults say that by the year 2050, the average working person in the US will have more job security.9 Because of this tension and fear, people are losing empathy and following xenophobic ideologues, and we are collectively missing the most important point: it is our inflationary system, which requires ever more jobs, that needs to be changed. Jeff Booth (npub1s05…eyhe)