‘Modern Monetary Theory’ is a startling paradigm shift which seems to be gathering some influential followers. It’s a favorite of new radicals like Alexandria Ocasio-Cortez’s Jeremy Corbyn (who, I guess is actually an old radical, in that he is old, and also an OG-radical from the ’80s.)
Sounds like with the money taps on full power, wealth will be continuously evaporating and only those with the most IQ at their disposal (mostly synthetic) will be able to continuously resupply. I suppose if with UBI we have a floor that stops the poor falling too low, then this would be a seething, volatile, boiling layer of potential breakouts making end-game runs to off-planet style mega-wealth…
I like terrestrial real estate, as a long-term investment; the concept of land ownership goes further back than money, 6K BC vs 600 BC (coins), so it might survive a deeper peeling back of social niceties post-catastrophic collapse. I also see the economy needing stable reserves of value other than Bitcoin to regulate the volatility of all that cash perpetually transpiring up, and sublimating off, the Magic Money Tree.
In my Singularity’s Children series, animals are smart, but get a raw deal because they are hampered by a lack of hands and tongues, a deficiency overcome by the BugNet, AKA: IOA, The Internet of Animals.
The more science tells us about how smart —and devious— animals really are, the more convinced I become that we have already discovered “Alien Intelligence”.
Humpback Whale Communication and the Search for Alien Intelligence, watch the video here:
“The study of animal communication challenges our ideas of intelligence and informs our search for life in the universe. Among the most fascinating of vocalizations are the songs and sounds of humpback whales.”