mhaze,
It's not that I have any fantasies, it's that I am aware of all the flaws in the counterclaims. But just to be clear, not all governments do have unlimited credit. Only those with their own currency do, and then only f the currency value is set by the market.

> The revolution in AI potentially destroys the working class.
Only if the government fail to set economic conditions that create more jobs.

> Governments spending on all manner of job creation, thereby creating debt and inflation
> is a recipe to destroy the middle class.
There's no credible mechanism for it to do so, and I suspect your claim is based on a fundamental misunderstanding of what inflation is.

An increase in the money supply does not constitute inflation.
An increase in the money supply faster than an increase in production does.

Automation is highly deflationary: it increases the rate of production much faster than it increases the money supply. It will result in widespread unemployment if the money supply is not increased to balance it. Please also keep in mind that employing people who would otherwise be unemployed also amounts to an increase in production.

The UBI (universal basic income) is an socialist bludger's unfunded wet dream that has the practicality of a lead balloon.

Only a moron with zero idea of economics would consider paying everyone whether they work or not and taxing those that actually do contribute to the economy to the hilt.

Dear Shadow Minister,

«Only a moron with zero idea of economics would consider paying everyone whether they work or not»

This is correct if the function you want to optimize is economic sucess and prosperity.

Having different goals in life does not make one a moron.

Y,

Economic failure with resultant poverty is not a great alternative.

Dear Shadow Minister,

Poverty simply means that people fail to have what is important to them.
If all people want is material goods, then OK, but what for example if they want to preserve their moral integrity?

When an employee needs to compromise their conscience by obeying their boss's unwholesome orders, just so they can feed their children - this is a form of poverty!

Having one's precious time on earth wasted on producing and consuming things that are not really needed, how more so things that undermine others, is a form of poverty.

When someone needs to trick others into purchasing products and services which they do not really need (it's called "advertising"), just so they can pay their bills - this is a form of poverty. Being exposed to that sort of noisy propaganda is a form of poverty as well!

Economic success, as measured by the GDP, is blind to all that.

Aiden. The same issue still remains. Where is the money coming from. If there is no source that is sustainable (such as taxes), then the answer is not for a higher debt. It would be an ongoing expense. An unreasonable debt that will never go away and collapse society. Want an example of debt collapsing society? Look at Venezuela.