Comments on: The Technological Catalyst behind the Frequent Financial Market Capitulation https://russian.lifeboat.com/blog/2011/08/the-technological-catalyst-behind-the-frequent-financial-market-capitulation Safeguarding Humanity Mon, 05 Jun 2017 03:30:53 +0000 hourly 1 https://wordpress.org/?v=6.6.1 By: James Felton Keith https://russian.lifeboat.com/blog/2011/08/the-technological-catalyst-behind-the-frequent-financial-market-capitulation#comment-89810 Fri, 26 Aug 2011 18:15:50 +0000 http://lifeboat.com/blog/?p=2064#comment-89810 Ray,
Your last comment is leaning in the direction of what I’m trying to provoke people to think about here. The economy wont bounce back. It can’t. There is a fundamental philosophical difference in how people older than personal computers think of “an honest days work” and how those who are younger do. That being states. There is no way to quantify people’s participation in the development of products/services because of the ownership model that we currently employ in our technologically handicapped economy. But there is HOPE. We are building the infrastructure to distribute real value to people. All we need is an ethically sound model to do so using transparency of information technologies. There’s a lot more to say/write/

]]> By: Call Me Ray https://russian.lifeboat.com/blog/2011/08/the-technological-catalyst-behind-the-frequent-financial-market-capitulation#comment-89808 Fri, 26 Aug 2011 16:47:25 +0000 http://lifeboat.com/blog/?p=2064#comment-89808 Good post.

This is the elephant in the room — that production (labor, but now machines, or really cheap labor overseas, capital) and consumption (wages, jobs) have gotten decoupled — if we don’t need very many people to produce the goods and services that everybody needs, then “you need to work to eat” becomes an obsolete model of distribution.

That’s the real problem behind this recession or depression we’re in — the economy’s demand for labor has structurally fallen, but without jobs, there’s nothing to stimulate demand…so until this is resolved, the economy might not bounce back.

Ray

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