For a long time after the Industrial Revolution, many thinkers believed that automation would lead to us living lives of leisure. Twenty your work weeks, or even less, and many people wouldn’t need to work at all, but would still live good lives. It never happened. Economists will tell you this is because there’s always […]
automation
By Bob Lord / CounterPunch Bernie Sanders and Bill Gates don’t agree on many things, but they both want to see a “robot tax,” a special levy on companies that replace workers with machines. Sanders and Gates may be well-intentioned with this call for a robot tax. But that doesn’t make their call on this […]
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by Alan Hutchison Published on Matches in the dark 18th October 2018 · Updated 20th November 2020 Understand spending chains and you understand a fair chunk of Modern Monetary Theory. …
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How much cash would you need to be paid to agree to live without a smartphone for a year?
If you are like the typical American, the answer is US$10,000 – which is far, far more than what we are actually charged for having and using smartphones.
How much would you need to be paid to live without a computer?
According to the same research, just published by Stanford University’s Hoover Institution, a typical American would want US$25,000 to live computer-free for a year.
For the GPS system that lets us map where we are on all our devices, the answer is US$3,000; for streaming services such as Netflix the answer is another US$3,000.
For refrigeration the answer is US$10,000; for air conditioning, another US$10,000; and for running water US$50,000.
Academic powerhouse and well-known economist Richard Wolff, joins the "Most Censored News'" Lee Camp to discuss the current decline of the US economy and the rise of a new, more balanced, mutlipolar world.
The post The Rise of The Multipolar World, with Economist Richard Wolff appeared first on MintPress News.