alajac

Forget the 1930s; We're Reliving 1975 (Part II)

1975 is about the time the cybernetic revolution (an incredibly deflationary "creative destruction" force) really kicked in. that's why no prior time period (when we look back at this) will be found to have been "corresponsive". The economic resource distribution system that worked before (get a job, work, make money so you can eat, etc.) is not going to get the job done going forward. Companies can "hire computers and robotic machinery" and, after few years, have almost no labor costs, almost no health costs, almost no pension costs, no labor turnover costs, almost no training costs, etc. Us "useless eaters" are left with "flippin' burgers, changing bedpans, and stocking shelves", I know MANY bright, attractive college grads who are doing EXACTLY those kinds of jobs today and are glad to have them. The COMING DEPRESSION will not end until this problem is addressed and permanently handled. The solution is easy and can be found in many of my previous SA comments and also on my classmates.com profile and messages page (look up "alan jacquemotte")