There are frequent columns on automation’s effect on economies throughout Catholic Fundamentalism’s archives. Professional economists don’t appear to focus much on it, though it has a greater effect on every public policy matter than most other processes.
It is a rule that when a cause and effect relationship is obvious and unmentioned, it is being purposely ignored. So, we live in a world where jobs are being reduced by automation and no one talks about it. The reason it’s kept so quiet is that there’s a great deal of money to be made by putting other people out of work.
The maturity of a society is quickly followed by rot, and it begins to feed upon itself. Since people don’t like being devoured, the cannibalism is confined, in the early stages, to nibbling.
American settlers left England because the expensive aristocracy controlled so much of the wealth-producing parts of the nation that most people had no chance of prosperity. Today, an American aristocracy composed of incredibly wealthy executives and entrepreneurs has begun to take too much.
The question: How to limit the looting.
The answer: Redefining wealth. Currently, the United States, and most of the semi-Christian nations, are considered to be bankrupt. The fact is, they are the richest countries on earth. So, we need to see what wealth actually is.
When we study a deeper meaning of wealth, we see that it is time. The ultra-rich have the ability to save a lot of time.