ECONOMICS: Are “knowledge workers” next on the obsolesce curve?

Friday, October 14, 2022

https://www.bworldonline.com/opinion/2022/10/11/479904/five-ideas-that-will-reshape-capitalisms-next-century-2/

Opinion
Five ideas that will reshape Capitalism’s next century
October 11, 2022 | 5:38 pm

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THE GREAT KNOWLEDGE-WORKER CULL
First, they came for the agricultural workers. Then they came for the industrial workers. Now they are coming for the knowledge workers

THE RISE OF THE TRILLION-DOLLAR TRUST FUND BABY
In the next decade or so we will see the birth of a new kind of baby: trillion-dollar trust fund babies who are destined to inherit fortunes that are bigger than the GDPs of small countries or the stock-market valuations of large companies.

THE NEXT FRONTIER OF COMPETITIVE ADVANTAGE: GENETICS
The West has understandably remained nervous about exploiting the potential of genetic science since the horrors of the Holocaust. That is likely to change in the coming decades — indeed genetic science may be for the next 40 years what computer science was for the past 40 years.

THE NEW ROAD TO SERFDOM
The great clarion call of market societies is freedom: freedom to exchange the fruits of our labor in the marketplace for goods and freedom to express our views in the marketplace of ideas. Yet there is a growing risk that we are losing our freedoms not only to a new generation of intellectual censors but to watchers who monitor our every move.

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I couldn’t find the fifth idea.  

But the first one is stunning. 

If I was a “knowledge worker”, then I’d be very concerened.

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RANT: Capitalism needs someone to “take out the dead”

Thursday, January 12, 2012

http://libertyslifeline.com/2012/01/11/most-people-like-to-fire-the-same-people-romney-does/

Most People Like to Fire the Same People Romney Does
by Bill O’Connell on January 11, 2012

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To turn these remarks into Rick Perry’s “vulture capitalism,” and Newt Gingrich’s “predatory capitalism,” is shameful. It’s about ObamaCare, stupid. I want to fire Obama and I would like to do so as soon as possible. If I could recall him along with the Chevy Volt he supported with our tax dollars and he was filmed driving, I would gladly do so.

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Argh! I agree. I can’t understand the disgust with an “undertaker”. Maybe they don’t like funeral directors either?

If you’re going to take the benefit of the process we call “capitalism”, then you have to accept the aspect of “creative destruction” subprocess. Someone has to deliver the BAD news! Someone has to take out “the dead”. Someone has to recycle the assets from unproductive uses to productive ones.

And, they are making the “recycler” the bad guy?

Argh!

How about making the previous leaders of the failing company the bad press?

And, there might not even be a “villain” in this “morality play” about capitalism!

If you assume that capitalism is the economic process by which human beings are induced to cooperate with one another to satisfy the needs, wants, and desires of other human beings.

(Read “I, Pencil” to understand how complex that process is.)

We can either use “greed” (a pejorative label for the perfectly human emotion about satisfying ones perceived needs) to induce cooperation voluntarily or we can use various levels of force (i.e., taxation; “company store”, indentured servitude, slavery) to compel cooperation. I vote for “greed”.

Sad as it is to say, failing enterprises must be “put down”. We must allow labor to be reassigned to “better” uses. It’s not “your” job EVER. A “job” only exists as it satisfies someone else. Those “certificates of appreciation” that get passed around tell you how well those needs are satisfied.

It’s all part of that complex real time calculus we call the free market.

Money is NOT the root of all evil. It IS the essence of human wisdom about what is important.

Ants leave chemical trails to communicate; humans use money.

Argh!

Politicians are really dumb!

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