Booth: Why We Need to Restructure Society for a Deflationary Economy
As technology continues its inexorable march into every aspect of our lives, how can we solve the rising tide of problems caused by the deflation that inevitably follows in its wake? Jeff Booth, author of “The Price of Tomorrow,” joins Real Vision’s Max Wiethe to sort through potential solutions to the deflationary trap of technology. In this thought-provoking conversation, Booth argues that we no longer live in a capitalist society but, rather, in an era of crony capitalism, driven by money printing from central banks. In this chapter, Booth unpacks his intriguing hypothesis of how we might build a different kind of society — one that seeks to accommodate technology, replacing an ever-expanding range of jobs in order to generate the broadest social benefit.
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