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Nakayama's avatar

Industrial Revolution removes the exchange value of human labor. AI and robotics remove the exchange value of human minds. Yet the Western economic theories and financial engineering practises are firmly footed in such exchange values. The classical Confucius school of thoughts asked for all things centered around humans, to solve the problems of human lives, to make all people live comfortably. Before the social, political, economic, and financial thinking and practices have a foundation to switch, simply changing the technology is to jump off a cliff first, then start designing a parachute. Technology may be neutral in the hands of the wise, but it is not neutral in the hands of the evil.

Jerrys take on China's avatar

An excellent analysis Einar

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