Dive into the transformative world of post-labor economics, where automation and AI redefine work and value. Discover 'The Great Decoupling' manifesto, proposing innovative policies for a decentralized economy. Explore the evolution of the social contract, examining the shift from embedded liberalism to neoliberalism. Reflect on the disconnect between GDP and personal well-being, questioning hustle culture. Unpack how neoliberalism reshaped employment and corporate welfare, paving the way for a new economic landscape.
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Quick takeaways
The podcast emphasizes the importance of subsidiarity and decentralization in post-labor economics for improved market efficiency and individual empowerment.
It highlights the need for radical transparency to democratize information, reduce exploitation, and enhance the distribution of economic benefits.
Deep dives
Principles of Post-Labor Economics
The discussion around post-labor economics introduces eleven key policy proposals aimed at restructuring the economic landscape. One major proposal emphasizes the need for subsidiarity, advocating for decentralization of power to create more efficient markets that empower individuals. Historical examples, like the rise in nutrition and local economies after the fall of the Roman Empire, illustrate that decentralization can lead to improved outcomes. Additionally, the manifesto promotes radical transparency, arguing that democratizing information helps reduce exploitation and enhances market efficiency.
Revising the Social Contract
Current economic conditions highlight a significant shift in the social contract, where the relationship between business, labor, and government has become imbalanced. Neoliberalism has eroded labor power while elevating corporate interests, causing economic agency among individuals to decline. As GDP increases without corresponding wage growth for the average worker, concerns arise about how economic benefits are distributed. Solutions proposed in the context of post-labor economics focus on restoring economic agency by aligning incentives with outcomes and minimizing institutional risks.
Roadmap for Implementation
The implementation of post-labor economics requires meeting four criteria: enhancing GDP, allowing elite profitability, ensuring measurability, and increasing citizen economic agency. The proposed principles aim to address market inefficiencies created by neoliberal policies, which often freeze competition and empower monopolies. Gradual, incremental changes at various levels of governance could help in realizing these principles effectively, allowing for adaptability and continuous assessment. Ultimately, prioritizing decentralization over market primacy is seen as a pathway to redistributing power and fostering a more equitable economic landscape.
A Post Labor Economics Manifesto If you liked this episode, Follow the podcast to keep up with the AI Masterclass. Turn on the notifications for the latest developments in AI. Find David Shapiro on: Patreon: https://patreon.com/daveshap (Discord via Patreon) Substack: https://daveshap.substack.com (Free Mailing List) LinkedIn: linkedin.com/in/dave shap automator GitHub: https://github.com/daveshap Disclaimer: All content rights belong to David Shapiro. This is a fan account. No copyright infringement intended.