Comment by beloch

"The dead economy is one where plenty happens and none of it requires you. Where the productive capacity of civilization has been captured by a system you have no stake in, no input into, and no vote on. Where the people who built it told you they don’t think you should have a say. Where they express alarm about the consequences in private and optimism in public. Where they publish white papers calling for radical redistribution while funding super PACs to destroy the politicians who propose it."

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Social control is foundational in human societies. Religions once told the poor that they would be rewarded in the afterlife for a lifetime of hard work and obedience to princes. Now politicians tell us to venerate billionaires for the jobs they create the the social programs their taxes fund. Produce. Consume. Obey.

If billionaires automate away all the jobs, dodge their taxes, and prevent politicians from picking up the slack with redistributive social programs, social control will break down. No sane billionaire should want to find out what that will be like.