Economist: Another word for “Dick Head”
The ever present theme in economic and financial forums is the profound concept of productivity and competiveness. Please read the following gloomy statistic:
According to new U.S. government projections, only (3) three of the (30) thirty occupations with the largest projected number of job openings in the next eight years will require a bachelor’s degree or higher. Most job openings by 2020 will be in low-wage professions like retail sales, fast food and truck driving.
Social pressure, political reassurance and corporate hiring policies drove the educational scam. Academia provided shelter for and cultivated a risk-averse and politically inept student mass. It then surgically guided this mutation into the arms of the emerging virtual world.
Mutual funds, derivatives and financial deregulation allowed Wall Street to strip Main Street of all their capital. Wall Street then moved all that capital to Asia.
In conjunction with a vast supply of new capital, Asia flourished with an abundant supply of cheap labour, inexpensive state-of-the-art plant and equipment and the lure of extremely low corporate income taxes. This manufacturing platform christened the doctrine of obsolescence, and gave birth to the Frankenstein we know today as the debt-filled consumer.
In the background, technology took gradual control of our lives. Other than corporate greed, It was the driving force to our current structural unemployment crisis. Technology is the cancer that will eventually undo education. Technology and education have an inverse relationship for the larger segment of the population. As technology exponentially grows, fewer and fewer individuals will be capable of keeping pace with the advanced knowledge.
With the impending demise of the U.S. Petro Dollar as a reserve currency, we can predict two things with certainty, i) the implementation of a globalist agenda or ii) the re-birth of strong and independent regionalized nation states. The awakened sheeple will have had a significant impact on the course of this planet’s political future, only if number two prevails.
What does all this mean? Technology will continue to displace jobs, and education will become a hobby. We will eventually have two social classes: technocrats (1%) and the proletariat (99%). Productivity and competitiveness, harnessed by technology, will produce the perfect Utopian society. The technocrats and the proletariat will be better known as the Morlocks and the Eloi.
You can read the commentary I wrote October 25, 2011 on the Morlocks and the Eloi.