How technology is affecting the American Dream

We talked about most of this already but it's a good take on the issue: http://techcrunch.com/2013/06/01/after-your-job-is-gone/

Also another take on the elites vs. rest idea (even Jay-Z, Obama, and Oprah are not spared!) - the author Packer was on Real Time tonight: http://www.nytimes.com/2013/05/29/books/the-unwinding-by-george-packer.html?pagewanted=all

An aside: L is right that Maher is an idiot and a psycho when it comes to security issues and Islam-bashing. He rightly trashes the 2nd Amend. yet proudly owns guns because "the other crazies are armed". He claims to be a true Libertarian, but supports all sorts of liberty-reducing actions that ostensibly prevent terrorism. It's funny... self-respect and humility often make us better people. But self-preservation and self-love make us pricks. No one wants or needs to die, but the world doesn't need us either.

I guess America's Great Society of the '60s and '90s socialism in Europe were the exception and not the rule. As the author said, most of the modern world resembles the pre-French Revolution "nobles and serfs" model. But it's sad because our generation in the US was brought up to believe that the Great Society was our birthright and if anything, we would make it even better in our lifetimes. Of course things weren't all rosy in the past (bigotry, ignorance, Cold War, etc.), but it's amazing that America of that time period had low unemployment, low wealth inequality, ample gov't services, and low deficits.

Now the opposite is true, though our employment situation is much better than Europe's... and their society may be unraveling faster than ours.

http://www.economist.com/news/leaders/21578386-euro-zone-desperately-need-boost-no-news-bad-news-sleepwalkers

But that is a little deceiving, because while US unemployment is down to like 7.5% now (much higher for young people though), the quality and security of most American jobs are not great, the social safety net is about depleted, and many are not counted as unemployed because they have taken the disability route instead (as we've discussed), or have just become the "permanent, uncounted, unhirables".

The change coincides with the rise of Si Valley, hyper-finance, and globalization. We can't be sure what caused what, but similar things happened during the Guilded Age, fueled by the tech bubble of the time - railroad, electricity, telco, etc. that Wall St. ate up. I guess disruptive tech always creates new winners and losers, but usually doesn't rewrite the labor map. Our new tech industry seems more extreme: highly paid jobs with specialized skills that are not accessible to the mainstream, emphasis on quick ROI rather than long term sustainable growth, and "virtual" products that create a ton of wealth for some but not many new jobs (or in fact replace old jobs). That could be called "progress", but the effects appear to be socially unjust too.

 Also here is a great interview on the issue with Moyers and Richard Wolff:

http://billmoyers.com/segment/richard-wolff-on-fighting-for-economic-justice-and-fair-wages/