... Smoothing the Business Cycle and Reducing Economic Risk 179 The Market Economy of the Future 180 An International View 183 Transitioning to the New Model 185 Keynesian Grandchildren 189 Transition ... Amazon Copyright©2009byMartinR.Ford AllRightsReserved, including the right of reproduction inwholeorinpartinanyform. Publishedin the UnitedStat...
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... are growingdark.Nowweseethatmany of the verybrightest lightsin the tunnelfinallyfeel the impact and alsobeginto losetheirlight. The owners of the businessesin the tunnel areseeingmuch of theirwealthgraduallydrainaway. The ... mayhaveactuallyin- creasedforatime,astheywereabletolowertheirprices. Asaresult,theirprofits, and therefore the wealth of th...
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The Lights in the Tunnel Automation Accelerating Technology and the Economy of the Future_3 pot
... more popular.Whatwillwedoifsomedayasubstantialpercen- tage of the three and ahalfmillioncashiersin the U.S.no longerhavejobs?Whatadditionaleducation and training canweoffertheseworkers? And whatjobswoulditpre- parethemfor? And what is the impact of thatpotential unemploy- mentonmarketdemandforgoods and services?Cashiers aregenerallynothighly...
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The Lights in the Tunnel Automation Accelerating Technology and the Economy of the Future_4 pptx
... food—all of these and countless thousands of otherstructures and chemicalsthatcomprise ourbodies and make usfunctionareproteins. And they areallconstructedthroughnanotechnology. Itislikelythat the coming“nanotech”revolutionwill begin ... collating and faxing in- formation. The intellectualportion of the job—eitherap- provingordenying the loan—isprobably...
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The Lights in the Tunnel Automation Accelerating Technology and the Economy of the Future_5 potx
... access to capital, small plots withpoor economy of scale,trade barriers, and oftenoutrightexploitationat the hands of governments and corrupt officials. Manufacturing in China is ... Amazon Inthisbook,wewon’tagainstrayintothismorespe- culativearena(exceptin the lastsections of the Appendix). The ideaspresentedinthisbookdonotdependon the oc- curre...
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The Lights in the Tunnel Automation Accelerating Technology and the Economy of the Future_6 pdf
... to decline.Rememberthatwearetalkinghereaboutaverage workers.Toget the graphabove,youmighttake the dis- tribution of incomesin the UnitedStates and thenelimi- nateboth the richest and the poorestpeople.Thengraph the averageincome of the remaining“typical”people (the bulk of consumers) ... to lookinalittlemoredepthatsome of the mostwidelyheld conventi...
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The Lights in the Tunnel Automation Accelerating Technology and the Economy of the Future_8 docx
... elimi- nates the jobsthatprovideincometoconsumers. The es- sentialideaisthatweshouldimposesomecombination of aconsumptiontax and/ oraspecialdirecttaxonbusiness thatcaptures the incomewhich,inanon-automatedecon- omy,wouldbepaidoutinwages.Overtime,as the wages paidtoaverageworkersdecrease(asapercentage of reve- nue),thesetaxeswouldbegraduallyi...
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The Lights in the Tunnel Automation Accelerating Technology and the Economy of the Future_9 potx
... have strongeducations and training.Thesepeoplearebeneficia- ries of the informationage.On the toxicwastelandside of the fence, are relatively unskilled workers. These people THE LIGHTS IN THE ... dramatically negative.In the UnitedStates,twothirds of workers and thereforeconsumers—donothaveacollegedegree.While effortstoimproveeducation and trainingarel...
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The Lights in the Tunnel Automation Accelerating Technology and the Economy of the Future_10 pdf
... acentrallyplanned economy, and perhaps most chillingly, the overthrow of govern- ments and a“dictatorship of the proletariat.”In the wake of the collapse of communism, these ideas ... Amazon 49 Blinder,AlanS.,“IsGovernmenttooPolitical?”ForeignAffairs,No- vember/December1997.Web: http://www.foreignaffairs.org/19971101faessay 381 5/alan-s- blinder/is-gover...
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Accelerating Technology and the Economy of the Future_2 pot
... has quicklyattracted the notice of the Securities and Exchange Commission and mayresultinnewregulation. Astheseexamplesshow,wecanexpectthat the rate of change and the volatility of nearlyeverythingaroundus will ... securities werethensoldtobanks and financialinstitutionsallover the world,with the understandingthattheywereverylow riskinvestments. When...
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