Where mankind stands in the robot age will depend on the vitality of democracy when the transition happens.
The nation state is going the way of the dodo. Either a transnational capitalist class will structure power relations throughout the world, or a global democratic movement will step up and demand justice. Which would you rather see happen?
First, there's plenty of money for everyone to get the benefits that they want. There's absolutely no need to have debates about raising taxes, deficits or MMT. All such arguments are distractions. If we want to pay for things like Medicare for All, Free College, or the Green New Deal, we need look no further than the coffers of the Transnational Corporate Class.
Is protectionism for American manufacturing a viable policy choice? The reality may not match our ideology.
...this post can be used as a primer to counter the right-wing blather from your FoxNoise adhering family and provide some much-needed context to those who do not have a firm grasp of economics. It should also serve as a check against self-congratulatory Democrats who try to claim credit for the economy and place it at the feet of Obama.
we do have the money. It's just in the wrong places and not being accessed by the public. If we change our mindset from taxing income to taxing wealth and surplus value, it's clear, that we have more than enough to fund all of our nation's needs