Building An Economy For The Future

Ken O’Brien

In an earlier article, You Are Being Exploited!, I promised to expand upon the thoughts written there as they relate to a new paradigm of economic and political thought.

In that article I put forward the premise that the transition from an industrial economy to an information economy was obviating the historical linkage between physical labor and economic rewards. Rather, to an ever increasing extent, every individual, to varying degrees, was contributing information to the system. That information was being translated into knowledge which was ultimately applied as technology accelerating economic growth.  For that contribution they should be compensated. 

An Economic Recovery Plan For America

Kenneth M. O’Brien

More than fifteen million Americans are suffering the dire consequences of unemployment.

In the midst of this crisis, we are held hostage to a battle of political ideologies.

The political right repeatedly tells us that we must reduce our budget deficit. Their mantra is that we don’t have a revenue problem, we have a spending problem.

The political left repeatedly tells us that the Republicans caused this problem by profligate tax cuts and spending during the Bush Administration.

To some extent both sides are right and both sides are wrong.