Jack Saturday

Thursday, May 01, 2008

Anti-Wage-Slavery, Pro-Freedom Quotations 217, 218

“You’re seeing a sharp slowdown in domestic demand,” said Michael T. Darda, chief economist at MKM Partners in Greenwich, Conn. “This is stall-speed growth.”
Economists suggested that larger stocks of unsold goods might portend trouble in the months ahead. If business does not swiftly improve, allowing factories to sell the products they have piled up, firms are likely to lay off workers at a more aggressive clip.
Low Spending Is Taking Toll on Economy
By Peter S. Goodman
New York Times
Published: May 1, 2008

The economy has been creating millions and millions of low-paying, no-benefits, service-sector jobs for the last 40 years. These jobs are perfect for robotic replacement. There is no reason to expect that the economy will suddenly figure out a way to create high-paying, exciting, fulfilling jobs for these tens of millions of people displaced by robots. If the economy could do that, it would be doing it now…

With robots doing all the work, we should in theory be able to enter an era of incredible human freedom and creativity. Instead of turmoil and massive unemployment, robots could theoretically release us from work. A significant portion of the population should be able to go on perpetual vacation and achieve true freedom for the first time in human history. This freedom would enable a period of creativity unlike anything that we have seen in the past. Is there a way to design the economy so that this level of creativity is possible?…

Is there a way to eliminate this dependence on a job? With the robots doing all of the work, can we actually eliminate our economy's requirement of employment? Can human beings, in other words, actually achieve true freedom as the robots make this freedom a possibility?…

What if we, as a society, simply give consumers money to spend in the economy? In other words: What if the way to achieve the strongest possible economy is to give every citizen more money to spend? For example, what if we gave every citizen of the United States $25,000 to spend?…

The economy would be strong because of all of the consumer spending.

The economy would be stable because income (and therefore spending) would be guaranteed.

With $25,000 per year to spend, innovators would no longer be forced to work -- they could focus their energy on innovation, living off of the $25K per year they receive. Inventors would have time to invent, writers to write, entrepreneurs to breed new companies, etc. They could devote all of their time to innovation.

There would be billions of dollars for people to invest, especially in their own businesses. And investors would have a stable marketplace into which to introduce new products.

Most importantly, it would create a nation where the citizens are truly free.
Marshall Brain
Robotic Freedom


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