The Bankers have done their part with a three decade long trend of cheaper capital loans for corporate-government use. See: http://www.businessinsider.com/us-treasury-yields-at-historic-lows-2014-11
If you spend some time looking into the details from the long term treasury yield trend you will discover that labor wage can not compete with cheaper capital investing in digital labor, slave-bots and automatons.
Replacing labor is not an accident, it is policy.
The desirable trend with income rising with Gross Domestic Product no longer exist:
See The Divergence Around Year 2000
The Blue line is “Real GDP“, and the Red line is “Real Median Household Income“.
In other words the capital is almost free for mega corporations to follow the global-script for expensive projects, manufacture the new technology, and develop the emerging market regions that the global-script calls for; while simultaneously, poverty is on the rise and living standards decline as the once thriving middle class is decimated.
The script calls for corporate-governments to replace human labor with digital labor and digital currency as key components in a cashless society.
Recall some of the previous globalists’ scripts:
The international monetary system, colonialism, compulsory education, the Space Age, then the Information/Computer Age, globalization, and now it is the digital economy, A.I./Robotic Age (we should include geoengineering, genetic manipulation, and cloning too) in what Klaus Schwab, Founder and Executive Chairman for the World Economic Forum, calls the Fourth Industrial Revolution:
“We stand on the brink of a technological revolution that will fundamentally alter the way we live, work, and relate to one another. In its scale, scope, and complexity, the transformation will be unlike anything humankind has experienced before. We do not yet know just how it will unfold, but one thing is clear: the response to it must be integrated and comprehensive, involving all stakeholders of the global polity, from the public and private sectors to academia and civil society.”
Marx predicted that the replacement of human laborers would ultimately lead to the downfall of capitalism – the problem being that you have to pay machines the full value of their work – whereas you can pay a worker less than the value of his work (which you keep as profit).
I think Marx may prove to be right as the era of cheap fossil fuels ends – robots are only cheap when energy is very cheap. As energy costs rise, it’s cheaper to employ human beings.
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Putting Marx and other economic writings aside – I am curious what your thoughts are about the path of civilization (institutional governance)?
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It’s been very bad for women, which is always my main concern.
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Yes, true – and some ethnic communities would say the same too.
I’m wishing to see thriving creative alternatives during my life span (I’ve already seen some seedlings). 😀
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Engineering Civilization in the 21st Century
Indeed, policy makers in think tanks and institutions (ruling class) are scripting and engineering civilization.
Title: Techsperts Propose Driverless Highway – #NewWorldNextWeek
Video posted 05 Oct 2017 by corbettreport
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