I am afraid of being hungry and homeless long before society reaches "an egalitarian future of labor-worthlessness" that's good for common people.
replyAnd that does not disagree with anything I wrote.
reply> I'm not afraid
replySo how do you plan to maintain food, clothing and shelter when you have no leverage?
Some have been scurrying to amass a nest egg and become self-sufficient. Of course, if demand destruction from the hollowing out of labor happens fast enough, who will consume and keep these stock prices up? With the tax base simultaneously crashing, gov't can't step in and prop things up. It could help during the transition while failing as a long-term strategy but what else can you do?
reply