Some not so idle Thoughts on accommodating technological innovation while maintaining aggregate demand and, in the interests of democracy, average demand as well.
First, aggregate demand, which Lord Keynes identified as the prime economic mover, can theoretically be viewed as a stewarded commons capable of redress when damaged.
Second, the enlightened steward of that commons is a fiduciary agent promoting not just maintenance but increase. While aspects of government approximate that steward it would be much better to formalize that fiduciary agent as a GSE charged with managing inputs to that aggregate demand to maintain and increase its dollar value.
Third, as a fiduciary steward to that commons, it stands that the GSE is charged with assessing and collecting damages to that commons which then become a part of that commons by distributing them directly to consumers as disposable income, possibly a dividend on the stock of the GSE.
Fourth, in pursuit of that fiduciary responsibility, tariffs must be set to protect the industries paying damages from the competition of industries outside of the polity, the political economy, who are not paying damages. Such tariffs are in lieu of damage assessments against those exterior industries who are damaging the commons of the political economy.
Fifth, the political economy in question is defined by the stock of the steward GSE however distributed. Stock must be made available to any registered voter.
Sixth, if it can be demonstrated that the deployment of AI has a deleterious impact on the demand commons, then registration fees for AI may be collected on deployment and returned to the demand commons by dividends on the stock of this steward, this fiduciary agent, this civil corporation as redress of damages to that commons as a matter of tort law not ideological privilege.
Do Well and Be Well
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