Thinking more about the automa-pocalypse and how the money economy keeps working when there aren’t any jobs. The Universal Basic Income that I saw a few years ago (see this blog πŸ™‚ is now the generally-accepted solution, but it hasn’t been really tried and has a number of flaws: it’s too expensive, it’s a moral hazard.

So, thinking some more. I proposed the idea of everyone “on salary” before. Now, I’m thinking: everyone becomes a profit-sharer or stockholder. The corporations generate piles of income on high margin automation, people are laid off in droves but given a pile of stock as severance. Everyone starts living off the fat, not just the 1%.

This has got to appeal to the average capitalist, right?

Leave a Reply

Your email address will not be published. Required fields are marked *