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comment by mk
mk  ·  4060 days ago  ·  link  ·    ·  parent  ·  post: What if there's no fix for high unemployment?

Thanks.

    If jobs at all levels are destined to evaporate in the face of broad-based automation, radical intervention -- and perhaps even a fundamental rewiring of the way the economy works -- may ultimately be our only alternative.

I am leery about this. I can't bring to mind any examples where governments successfully rewired an economy. Most of the success stories have developed over time in response to a changing political and technological landscape. My guess is that here, it will be no different. Perhaps decoupling currency from governments (i.e. bitcoin) is one step in this process towards a new normal. Powerful vested interests probably represent the the biggest danger going forward. However, I suspect that if there is a non-calamatous route from here to there, it cannot be engineered. As a result, as I mentioned in my previous comment, I think we need to be leery of problem solvers that have a traditional approach.