I think the United States is in a post-society, late-stage capitalist situation. We’re experiencing the aftermath of a period where quality of life improved dramatically in a short time, which created entrenched entities that gradually took control of our country’s development.
What once were subsidies meant to help businesses innovate have transformed into direct government handouts to corporations—billion-dollar companies with vast resources that don’t need additional funding. This happens through creating new money and raising the debt ceiling, bypassing taxpayer involvement entirely.
We’re now feeling the negative effects of this winner-take-all, centralized economy. It’s becoming more evident as China advances and competes with cutting-edge American technology. Remember when “Chinese knockoffs” were considered inferior? They’re now becoming equal to or better than what we produce.
Why? Because China is experiencing the boom-growth phase that the United States went through in the 1950s post-World War II, before automation began eliminating opportunities.
You might wonder why university is so expensive now, when baby boomers could work part-time to pay for their education. It’s because automation and entrenched entities have created extreme competition while privatized institutions have eliminated competitors—a system that works perfectly for them.
My point is that the United States doesn’t have to continue stagnating and decaying into a techno-feudalist system, which many see as inevitable. Instead, we can transition. Automation should benefit everyone. Every day we allow these entities to eliminate opportunities without ensuring citizens receive fair compensation for the benefits corporations gain through automation, we decline while other countries advance.
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