Not Socialism, But Hypercapitalism

I have talked of the Age Of Abundance, I have talked of a Universal Basic Income. To the untrained especially the latter might smack of "socialism." That would be misleading.

This is talk of a new reality that asks for a new grammar. A lot of old rules are going to get junked.

Socialism has had two strains, one absolutely appalling, the one where there is no human rights. There has been another, the left of center variety that has been ridiculed for not knowing the fundamentals of wealth creation. I am not talking about that.

I am a small d democrat, which basically means taking the one person one vote one voice to all its logical local, state, national and global conclusions.

I am a free marketeer. Economics to me is like physics. Just like physics can come up with astounding technology, I believe economics as an academic discipline is capable of coming up with intellectual frameworks for massive wealth creation. If I am a capitalist I am one likely to speak of human capital in the same breath as financial and technological capital.

It is said in physics if you go to a high enough energy level all four basic forces are the same. The physics of liquid water is fundamentally different from the physics of steam.

Talk about being at the right place at the right time. It is about this point in time, this point in history, lucky you, lucky me.

The productivity gains driven almost entirely by technological innovation are about to be so astoundingly astronomical that many of the old rules will no longer apply. But there is a need for accompanying political innovation, and accompanying advances in economic theory. I lost a lot of respect for the discipline in 2008. They were royally surprised.

The most obvious thing to do is create a world government. That is knowledge we already have. Europe has suffered for attempting an economic union without a political union. Globalization is unstoppable but you go off the wheels if you don't create a world government.

The 2008 meltdown happened because politicians had stayed light years behind globalization. Banks go global but the governments are all still only national.

In a democracy everyone gets to vote, everyone matters. In a market there is free competition, there are no monopolies.

America is uniquely positioned to take the lead. It is the oldest modern democracy with mature institutions. It has a young about to be ex president. It is the most diverse country. Just in New York City you could find at least one person from every town on earth.

These are exciting times, even though Planet Earth right now is Titanic, on course to hit the iceberg in terms of Climate Catastrophe. But the same collective will that will steer humanity away from the iceberg will also usher the Age Of Abundance. It will be like a new birth to humanity. There is no parallel in history to what is about to happen. I am wildly optimistic.

Kumar: Wake Up To God