Tech entrepreneur Jeff Booth is very worried about the future. Technology, by its nature, tends to drive prices down. In theory, that should be a good thing. But our economic structures weren’t designed for a society driven by low prices. Under current conditions, less jobs and less money would spell disaster.
With the increasing technology in our daily lives, the world is approaching a period of deflation unlike any other. This means that we need to radically rethink the world’s economies—and, by extension, the ways in which we live and work. In the U.S. alone, 5.6 million jobs are under threat with the rise of renewable energy. Free (or nearly free) electricity would be great for the planet, but not for those workers.
Booth has a stunning vision of an abundant, enlightened future in which people don’t have to work. But is it just a pipe dream? Learn more about his proposal in our Instaread on The Price of Tomorrow.
