Aggregate demand is a slippery fish when it comes to socioeconomic analysis however facile and useful the concept in macroeconomics. It's hard to get a handle on it. The difficulty lies in the composition of that demand. How many Volkswagens equal a super yacht in terms of general quality of life, the general welfare of the Founding Fathers? If one passes on that analysis one is not just lazy but suspect in one's analytical skills. It matters.
As AI shrinks meaningful employment and concentrates wealth by unequal reward, a normal function of capitalism taken to unhealthy extremes, luxury goods compose a larger portion of demand. Aggregate demand stays in the same range but the composition varies to the extent of higher priced items of higher quality, higher capabilities, and greater scarcity.
The general welfare then is not the general welfare anymore. It is the welfare of the empowered population. It is not economic democracy but economic elitism. This demands redress.
By redistributing registration fees upon physical AI and protective tariffs to that registered AI as dividends on a voting share of non-transferable stock in a GSE corporation, one share to a citizen, economic democracy will be maintained at a baseline level in the composition of aggregate demand and aggregate demand will be maintained at a healthy level for the economy. We will provide for the general welfare and keep turning the big old driving wheel of commerce.
Do Well and Be Well
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