http://thereformedbroker.com/2016/02/25/abundance/

Touches on the current state of the global economy, politics, and the Internet age.

2/26/2016 12:17:16 PM

that guy is a great twitter follow as well.

3/7/2016 9:25:20 AM

Recessions don't just drain money from the pools, it leeches it from the masses, and the masses don't have anything to leech since the last recession.

We need to drain the pools in a focused way.

But the issue of abundance is going to get worse. People following AI research have been saying this for years, we don't need to try and return to a previous state, we need to accept our march towards as minimal scarcity society (we already produce more food than we can eat-- it's a failure of our society anyone goes hungry), and adapt accordingly.

3/7/2016 11:22:06 AM

Quote :

"Today there is too much of everything and no demand for it. Abundance is wrecking the economy."

Wait, is abundance killing the economy or is it a lack of demand? A simple lack of (global) demand seems like the easier diagnosis.

And there are plenty of things we are not awash in or could use significantly more spending - INFRASTRUCTURE, renewable energy, Ag and water efficiencies and improvements, improvements in global healthcare, etc. We could see real gains in our economy (by stimulating demand) and society with investments into any of these, the problem is that they are unlikely to turn a profit by the next quarter or the end of the year.

The author touches on it briefly, but I'd argue it's a lack of vision beyond the next earnings report that is killing the economy. (^^paradigm shifts in automation/employment are also playing a significant role).

3/7/2016 12:58:26 PM