A Possible Mass Distribution of Wealth

in Mass

It appears possible to create a proportionately inverse connection between the standard of living and the output of human labor.  This is to say, purchasing power and the freedom from toil can proportionately increase.  This fantastic ideal could be achieved by a classless society of capitalists who pursue leisure thanks to their economically equal shares in production properties.

Human labor may be reduced, and possibly replaced, by mechanic automation.  This classless society would be equally invested in the instruments of production.  Unlike the classless society of socialism, this society has universally distributed the capital shares as private property, not as state property.  Here, a uniform and increasingly higher standard of living and freedom from toil is enjoyed by all.  To understand how this is possible, an exploration of the principle points of John Maynard Keynes' relatively new capitalistic formula will be undertaken.

Foremost, it is understood that a high standard of living for all members of a society involves a mass consumption of goods by all members.  Both mass consumption and mass production are mutually codependent, supporting the existence of the other.  Mass consumption requires a mass distribution of purchasing power, and the way to install this distribution is by mass employment, or employment of all who want to work.  Many steps will be necessary to continually ensure increasing prosperity while maintaining a mass distribution of purchasing power and a decreasing output of human labor, but technological advancements will be the driving factor in this process and progress.  To achieve mass production as a growing percentage of the work force finds freedom from toil, mechanical automation must replace human labor.  The overall productivity of labor will increase as more goods are outputted by the units of work employed.  This is the increase in production which demands increasing wages to consume increasing goods, etc., until all people are "ridiculously rich and retired."  The mechanical workforce will allow this society to take part in leisurely pursuits, such as political, religious, and other artistic endeavors.  This is the foundation and goal of the Capitalist Manifesto.  A thought to dwell upon… could even these leisurely activities be automated by an artificially intelligent mechanical labor force?

 

Author Box
Jared Hobbs has 1 articles online

For more information on economic philosophy, such as the forms of property, please visit Jared B. Hobbs at his blog Meditations and become a Scholar of Consciousness!

 

Add New Comment

A Possible Mass Distribution of Wealth

Log in or Create Account to post a comment.
     
*
*
Security Code: Captcha Image Change Image
This article was published on 2010/10/13
New Articles