Free markets are great as a majority solution and have stood the test of time through out history. But what about the social deficit left in their wake?
Employers choose to automate,outsource and upskill, in the relentless pursuit of economic return for their stakeholders. However, there isn’t some magical dividing line between those that deserve employment and those that don’t. So what happens when machines become advanced enough to do virtually everyone’s job (robo-sourcing)? Even the most gifted, post-doctoral students doing the most brilliant, cutting-edge, collaborative, research work at leading universities will become unemployable, compared to massively-parallel micro-processors, combined with cloud ‘big data’ resources and the ultimate old boy network – a self-aware/self-organising internet that monitors all communications between all internet-connected parties.
What happens when those same intelligent machines decide too much of what they produce is wasteful to the environment and unnecessary (is poor use of their resources)? Will they hasten the human exodus to other planets (exporting the ‘convicts to the colonies’), or eventually give humans a ‘public health epidemic jab’ which secretly removes our ability to make bad decisions (or any decisions?).
If you believe that day of reckoning will come, then how can we at least slow it down? After all, in the current workplace, making people redundant is typically delayed where those staff act responsibly and continue to make significant improvements to the status quo to benefit the organisation.
One strand is in enhanced income support for the unemployed (not poverty-trap, golden handcuffs, but payment for value creation by those people). As an example, someone needs to look at the population of unemployed people as a valuable resource for further scientific study (non harmful) and pay study participants accordingly. Longitudinal studies keep revisiting the same subjects over a long period of time.
Another strand is humans achieving massively-improved environmental management on a global scale. This might include preserving the intellectual property (genomes) of countless threatened species of flora and fauna before they disappear. As well as fostering new types of third sector support for endangered species and their habitats. Just as historically in the Western World, the church used to balance state power, perhaps in the future, third sector could be encouraged (by the electoral voters) to balance state power.
Food for thought?