It is easy to assume that the past equals the future. It is easy to say that if we start doing things like we did in the past then they will be great again. This this is not the case this time. The slow job recovery after the Great Recession is evidence of that. The stagnant wage growth over the last 50 years was the initial warning.
In the beginning of the industrial revolution people lost jobs to machines only to get a better job that payed and produced more. Today people lose their good jobs with benefits for multiple low productivity part time jobs with no benefits.
The problems with the system are far more sever then this though.
- Consider the 5 million people who die from poverty every year 250,000 of are in America.
- Consider the war in Syria started from a drought while next door in Israel a dessert blooms green.
- Consider the global debt ballooning to 230+trillion (74 trillion American) while the global and American economy barely grew. This is borrowed growth and borrowed jobs.
I also wrote about it here: https://medium.com/@jarljensensocial_76795/what-america-can-learn-from-the-economic-failure-of-1861-91dc032b59c8?source=linkShare-e6bd750eb12b-1523880174
The most important aspect (engineering the economy) I wrote extensively about here: https://medium.com/series/6bf0e4d2cc1c?source=linkShare-e6bd750eb12b-1523880263