I started to post the content below on Facebook but somehow the old saying about casting your pearls before the swine began to echo inside my pointed head. My Facebook friends aren’t swine obviously -I love all of them- but it is a limited distribution.

The same class of business geniuses who off-shored American manufacturing are now telling us that their AI technology will relieve people of menial labor. This ‘menial labor’ is what keeps food on the table of millions of human beings. Yes, in theory the AI-unemployed could retrain to work in information technology, but seriously, that’s not going to happen. AI is looking to replace computer programmers too as well as white collar management level jobs. Desktop computers devastated the job market for secretarial and typing pools in the 1980s. The result is that information workers spend much of their time performing typesetting and formatting tasks in addition to their to jobs.

Ever try to but tickets online? Invariably you must download an app and enter commercially valuable information like your name, email address, phone number and credit card number so their algorithm can place you in a barrel with the rest of the fish. From there you will be set up for personalized marketing and sale to parts unknown. All to get admittance a single time with over priced tickets. Need to ask a question? Just forget it.

Business school graduates are taught that properly ambitious people should be engaged in bringing down existing paradigms. Okay, fine, I get it. Any economic bubble will reward early adopters with a greater opportunity for wealth. It was true with any gold or land rush in history and is part of human nature. But that does not mean that the government is supposed to stack the deck for business and against the public good by using its immense resources to force the public to ‘cooperate’ and line up to have their pockets picked.

The trickle down economics theory pushed by Ronny Reagan remains in the imaginations of many today. It was BS then and is BS today. When organizations greet an uptick in profits, they have a choice of what to do with it. They can put it back into their businesses for improvements or they could hire more workers to meet the demand. But this often requires new customers who may not be there. Added profits are just as likely to banked off-shore or go into tax shelters. You only hire more people if demand requires it.

Power is in the ability to allocate resources. The American plutocrats of today like the ‘tech bros’ exploit the automatic admiration of the public as well as their wealth to steer the economy as as they please.

Economics isn’t built into the universe like physics, it is sociology with a bit of math. We are free to object and and employ limitations on those with unelected power and self-appointed authority.