|Jun19-12, 04:49 AM||#69|
Why don't more engineers/scientists go into finance
As regards the sustainability: your are absolutely right. If productivity goes up, then more people can live happy lives doing less work. Now, in an ideal world, this would indeed be the case. In the real world, this isn't so (given our current system). Since the 70s, increases in productivity have not benefitted the average worker. This is even more blatantly obvious in the US than it is in Europe. And somebody did benefit from that increase in productivity, considering GDP went through the roof but median wages grew a lot less than that.
And now even in Europe people start worrying what is going to happen to the welfare state. Not in the next couple of years, mind you, but in ~20 years, when the baby boomers exit the work force, such that one worker has to pay for three pensioners.
You would think that that is not a problem given our increase in productivity. But indeed it is, since a large amount of capital is not benefitting society.
|Jun19-12, 04:52 AM||#70|
I didn't mention the systems of governance and society: I mentioned currency and credit.
Although I definitely agree that currency and credit paradigms are linked to many things including governance, economic models of nation states, idealogies of societies/leaders/citizens and so on, the point of the decentralization is to create the scenario where you don't get a monopoly on currency or credit creation in a way that facilitates "real" trust and not just trust.
Trust is a term that comes and goes every empire and generation. Real trust is an entirely different manner: real trust is based on something that is not infallible by the actions of man.
The thing that history should have told us not the first time or the fifth or even the tenth time, is that trusting people only on their faith always ends badly.
There are actually a lot of good ideas both new and old for having "real" trust. Some are based on precious metals (like gold and silver), some are based on technology and mathematics (like Bitcoin). Gold can't be 'printed' and mathematics doesn't 'lie' if the definitions and behaviour match the description.
With regards to financial transactions and business, this is another issue that needs to be tackled however solving the credit and currency problems in terms of 'trust' is really the critical problem that a lot of people would really like solved with real trust as opposed to trust because a fair trading environment between nation-states that everyone can undeniably agree on (one based on elements not related to human fallibility).
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