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Bob Wyman's avatar

Before you write another book, first write a screenplay for a movie or mini-series that details the history of the anti-democratic "neo-liberal conspiracy" that captured our society and is the root of so much bad economic thinking by the public even today. It could start at Mt. Pelerin, or even before, and take us up to present. Today, vastly more people learn from video than from dead trees... Personally, I am convinced that this tale could be told in a way that would grip, and horrify, a very large audience.

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Rob Hamer's avatar

On takeaway #13-"it's likely that the process of enlargement of the human empire is near its end" - does that begin with a massive debt write off ? Noting - 1) "inflation is a monetary phenomenon"; 2) since 2008 massive amounts of money have been issued to enable politicians to avoid taking hard choices; 3) there was no inflation until recently (why ?? because of tech productivity and global south labour ???); 4) now there is plenty of inflation, (why ?? because the tech productivity and global south about dividends are over, but then again doesn't AI perform this same role ? ) which means 5) interest rates will remain high, which means the high levels of debt are unaffordable which means ultimately there is only one answer - write off / restructuring, which at the very least an extensive and long term pullback from any lofty ambitions the human empire may have had ..... Unless of course AI driven productivity comes to the rescue, but that will present its own challenges to the human project !!!

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