Technology and Venture Capital in a Humane Economy

Blog 1
Introduction

We live in an age of humanist defeatism. We are surrendering the human joy of making to the machine and have been for centuries. Consistently the only objection is the lack of a safety net to dislocation. The only justification is productivity increase and the context is always mass industrialism. We need to sequence from mass industrialism to bespoke production and this needs to be done in a humane manner to a humane end. It is the object of this blog to argue that human exceptionalism is expressed in the concept of talent; that markets reward talent; that no autonomous machine economy, and that becomes ever more possible with AI, could be legitimate in the sense that human economies, serving human material existence and by doing that, serving the totality of human existence, social, spiritual, and intellectual in a sustainable harmony with all that exists, can be legitimate.
It is necessary and becoming increasingly urgent that we rationalize the process of innovation, that we manage change, in order to remain valuable, meaningful beings. Capitalism is a system in which, incidental to 'moving' plenty to scarcity by the mechanisms of market and price, rewards vision and talent by the allocation of resources, land and capital in classic taxonomy, to them. Consumerism, which is Keynesian in its emphasis on increasing aggregate demand, is a variation of pure capitalism. The legalization of the printed form installment loan contract is a market intervention, not an evolution of markets. It is also a condition of existence here in the United States, institutionalized and legitimized by  usage. It is not subject to repeal. It is the mainspring that drives the mechanism of our disneyland economy created by the exigencies of mass industrialism and, in order to maintain the integrity of that economy, must be honored in terms of value and consideration by income earned in the addition of value in the production and distribution market system.
I am not arguing for economic determinism in the nature of the human soul. I am simply saying that economic prestige figures in both self-esteem and healthy cognition. I am saying that the pursuit of the next logical step in technology is opening the deep chasm of meaningless existence that stands between us and the proper employment of technology. We must direct the machine with wisdom and not let it direct us in order to cross that chasm. In short, I am arguing that reclassifying robots as a hybrid Capital Good/Labor, a labor good, and licensing their deployment but not their development would pay the social cost of their use in an honest bargain and rationalize both economics and innovation.
Do Well and Be Well

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