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A Free People, And A Resurgence Of Wisdom

Doug3370 Wrote: Mar 31, 2013 10:07 AM
The nature of the physical economy is changing. With so much automation, it's all about who can innovate, engineer, and organize. The need for masses of workers of ordinary skill is dwindling away. On the one hand, this means more stuff with less work. On the other hand, it means the stuff mostly goes to those who can do the kind of work that cannot, not yet, be done by machines. A lopsided income distribution, where the bottom half of the workforce earns maybe 5-10% of the earned income, is socially disruptive. Can we really expect the "takers" to be content with their earned pittance?

“People call this the ‘new normal.’ Let me assure you there is nothing normal about this at all. It’s the new ‘abnormal,’ and it won’t last, because as free people we won’t stand for it…”

With those remarks, business magnate and former presidential candidate Steve Forbes drew thunderous applause from his audience.

It was October of 2012, about 2 weeks before our last presidential election. Forbes was speaking to a crowd of 10,000 in the comforts of a beautiful indoor sporting area (the “Idaho Center”). He was headlining yet another west-coast based “Power Up!” business and motivational seminar with Sarah Palin,...