do you really think we cant get 25–30% levels of productivity improvements with autonomous cars etc

In several centuries, perhaps. Not in a decade. Multiple writers have discussed the severity of this approaching crisis for two decades, and how the longer we wait to fix it, the more austere the solutions become. We’ve done nothing.

So, basically, every economist in the world who talks about the dangers of trade deficits is wrong?

yes.

Then it doesn’t matter if you’re right or not. Because even if you’re right, it’s politically expedient to ignore you and follow the “experts”.

We have to assume certain things arent changing. That’s one of them. The existence of central banking and fiat money is another. There’s no question that these lay a system of control on the populace which the politicians and corporations prefer, but because these are internationally accepted norms which to some extent exist beyond the legislative reach of even a democracy, they’re not going anywhere.

have a read of this its awesome; https://medium.com/iotforall/the-power-of-preventive-maintenance-ceced45e8cac

nah what im saying is that humans will need to fulfil specialist roles in the ‘new economyTM’.

Yes, but you’ll need about 1 of those for every 10 people who will be idled by them. Productivity skyrockets, but so do demands on unemployment support systems. Not good.

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Data Driven Econophile. Muslim, USA born. Been “woke” 2x: 1st, when I realized the world isn’t fair; 2nd, when I realized the “woke” people are full of shit.

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