Liberalism, conservatism, and obsolete economic thinking
Monday, July 26th, 2004Endless political debate goes into what economic policies are needed to create more and better jobs. Most people rely on labor, not invested capital, to produce the income they need to buy housing, food, health care, and transportation, so these are important debates. But they may be missing the point. Most of today’s jobs will be obsolete within a few decades. We need to start redefining the way we determine how humans obtain basic necessities, and how they can “earn” luxuries like cars, indoor plumbing, vacation cruises, jewelry, and Internet access so they can read read articles like this one.

