posted on Nov, 16 2010 @ 02:26 PM
I posted this as a reply to another thread here on ATS... after reading it again I felt it might merit it's own thread.
I think what we are witnessing overall is the slow painful end to our current economic paradigm. The way that most economies in the modern world work
currently involve debt based money creation and a consumption cycle that needs regularly recurring infusions of debt to keep the world economy moving.
Several factors have begun to unravel this paradigm. One of the main failings of the current model that you see being addressed is the fact that we
are fast approaching a point globally where there isn't enough money in the system to pay the interest on the debt owed on a sovereign level. I think
that is why interest rates in western economies have been held soo low.
Another problem that I don't think most people are aware of is that our current economic paradigm is not equipped to deal with the rapid
technological changes we are seeing. New technological capabilities are wreaking havoc on our employment market. New technologies in some areas are
replacing the need for human labor. In other areas rapidly advancing technologies are creating jobs we haven't had time to train people for yet.
It is in my opinion that we are probably already in a situation, (and have been for a long time) where we don't need the entire human race to work to
provide for the entire human race. This is a thought I have trouble explaining. You see in our current economic system, one must work a 40 hour a week
job and most of the time be in a relationship with someone else working a 40 hour a week job in order to maintain the necessities of life such as
food, clothing, and shelter. The problem we are facing is that thanks to technological advance... our world doesn't need every human on it working a
40 hour a week job. Our economy is not equipped to deal with a scenario where labor is no longer required.
Imagine if you will the transition from historical farming methods and hunter gatherer societies to modern agriculture. We went from a situation and
an economy where every member of a tribe or society had to either be involved in food production or food acquisition for the society to survive to a
situation where only something like 2 percent of the world population is responsible for the food production of the entire planet. Now imagine if
rather than allowing humanity to branch off into other specialties like entertainment and manufacturing the governments at that time, in order to
maintain the status quo, forced everyone to keep farming and hunter gathering even though all of the needed food could be provided by a small
percentage of the population.
What I think we are seeing today is that technology is completely replacing the need for human labor in many many fields. What the governments of the
world are doing, is trying to maintain the status quo. Instead of changing the economic model to fit the new reality, they are trying to keep the
broken system in place. You can already see that the majority of jobs are useless. Millions of people all of the world, if they can even find a job,
work 40 hours a week in a useless job that could most likely be better performed by a machine.