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The Forum > Article Comments > The next economic revolution? > Comments

The next economic revolution? : Comments

By Keith Suter, published 16/4/2021

Economics has traditionally been based on prioritizing scarcity and allocation. Now we seem to be moving to an era of abundance (if not over-supply).

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The people who like working from home will find that they can be easily replaced by cheaper workers who also work remotely from fixed workplaces, but who live overseas. White collar workers in Australia, who think it's all about what they want to do, can now be replaced just as easily as the lazy bludgers who won't pick fruit; most of whom are too thick to realise that in the recent money-for-nothing shake-up, their dole money, under the new fancy Job Seeker title, has already been reduced.

"Additionally people are becoming psychologically adjusted to making use of something without necessarily having to own it. For example, for many young people owning a car was an important rite of passage on the way through to adulthood".

Not actually owning something. The Great Reset, that people are saying will "never happen" is already with us. We've heard the mantra, 'You will own nothing but you will be happy'.

Everything will be owned by the few, with the herd paid a UBI to do nothing but shut up and comply.
Posted by ttbn, Friday, 16 April 2021 9:41:44 AM
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We inhabit a Proto investment revolutionary world, which has far eclipsed industrial advancements since the early eighties.

As we waved goodbye to the benefits of the industrial revolution in manufacturing jobs, we waved goodbye to our industrial base on its way to Asia. Every fool knows that.

Working is frowned upon by an inherited elitism supported by the welfare state which sought to hide the catastrophe.

As all the eggs are now rolled into the investment basket, the rewards for actually producing anything useful, are hard to achieve in any traditional working sense; a situation exacerbated with high immigration levels producing nothing more than stagnating wage growths, and increased costs to living standards.

The world we inhabit under this economic regime is a stark division between the wealthy and poor classes.

Da
Posted by diver dan, Friday, 16 April 2021 1:17:22 PM
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Keith you end up as a new right rationalist yourself, trying to figure out how to rationalise the problems of scarcity.
Posted by Cumberland, Friday, 16 April 2021 9:47:08 PM
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If scarcity is not intrinsically a problem of economic goods, then why only a basic income? Why not higher? Even much higher?

Is everyone in the world to be entitled to the so-called universal basic income?

If so, why? Will it be equal? If so, what's the obvious next question that only a fool could not see coming?

If not, why not, and it won't be universal will it?

Only brainwashed Marxist morons keep falling for that notion of government as the horn of plenty: all-caring, all-knowing, all-capable.
Posted by Cumberland, Saturday, 17 April 2021 11:10:08 AM
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Why not higher? Even much higher?
Cumberland,
Not possible because there's not enough left over after the Peter Principle elites' grab !
Posted by individual, Sunday, 18 April 2021 7:45:08 AM
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These are the same elites who say we need to get over an economics of scarcity becauase their lapdogs way we have transcended it.
Posted by Cumberland, Monday, 19 April 2021 12:38:06 AM
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