Re: Fix unemployment (was: Re: Hollywood Economics)

Dan Fabulich (
Wed, 02 Sep 1998 12:43:46 -0400

Damien Broderick wrote:
>For now, there are many people out there in the First World who are angry,
>baffled, hurt, deracinated - and their numbers can only increase. If
>extropians can find solutions to this deep problem, that will certainly
>prove the worth of the philosophy. `Answers' such as *get rid of the
>state* lack the specificity most people without work are looking for...

There is no quick fix. As the economy grows, so will everyone's spending power. The only quick change we can make to get people employed is to eliminate the minimum wage. Beyond that, all we can do is to continue to invest. By that I mean investment in the very broad sense of the term: taking a loss today so that you can earn back more than you lost in the future. There are a lot of ways to do this: you can invest in new homes, new machines, new people, and you can also invest in new forms of social organization like anarcho-capitalism (which, I predict, will be harsh in its first few years, but better for all in the long term, and thus a good investment). But in the end, investment is the only thing that will ever raise the quality of life for the disadvantaged.