After robots take all employment

I think this daily expense account is more realistic than a basic income to provide for the basic welfare of the unemployed in a fully automated economy. It is also helpful to illustrate how dismal this state of affairs will be. The expense account is a daily ration, and a cot in a shelter. But the shelter will have plenty of available virtual-reality head consoles.

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Economy of compensated opinions in a dedomenocracy

The original title for this post was to talk about balkanized data. In contrast to big data, balkanized data stays sealed and protected at the source. The large-scale analytics or policy making needs to engage with specific transactions with data owners to obtain the data they need for each specific analysis they are performing. This type of economy denies the centralized corporations or government access to volunteered release of bulk source data. Instead the centralized entities need to negotiate terms for each transaction. The terms will describe precisely what they want so the source can deliver the most appropriate answer. That negotiation will involve a monetary exchange with amounts proportional to the eagerness of the requester for that data. The result is the creation of a new economy analogous to intellectual property but where the property is simply personal data. Data is property. Owners will soon wise up about giving it away for free.

Dedomenocracy’s nemesis: the innovative criminal

Even including super-intelligent machines into the concept of dedomenocracy, there will remain the present-day complaint that the government needs to get lucky every day but the criminal human needs to get lucky only once. This problem will remain long after we replace democracy with dedomenocracy. The most dangerous criminal is the non-criminal who immediately acts on his newly discovered hypothesis. Even superhuman intelligent dedomenocracy may not be able to discover this hypothesis first.

Internal conflict consequences of parallel governments of operations and debt service

Because the governments are distinct and have distinct voting populations, I expect there to be conflicts between the two governments. Such conflicts will be similar to international conflicts but with major differences. The two governments have interspersed populations living in same geographic territories making physical conflict unlikely. For example, in extended families that young and old voters may live in the same house. Also, the two governments are not peers in conflict like nations would be. The operational government would have full control over all of the police and military. Although the government of debt obligations lacks an army, it controls access to new debts needed to finance the provisioning or deployment of forces. In the abstract, there is nothing stopping the armed operational government from conquering the obligation-servicing part of the government.

Imagining parallel economies divided by age cohorts

In this imagined economy, the notion of retirement will change fundamentally. Instead of defining retirement as an ideal of a life of leisure to strive for by working as long as possible, retirement is a transition from the young population to the old population. The older population may continue working indefinitely but no longer under long-term employment arrangement. The work will be short duration contracts that may require frequent retraining to prepare for future work.

Dedomenocratic party response to raising the minimum wage: abolish the minimum wage

Unlike established businesses, labor costs for start-ups is much larger portion of their expenses. With current minimum wage laws, the labor costs are prohibitively expensive for most start-up opportunities requiring a team of people. A suspension of the minimum wage law would allow us to collect real data about this potential for new job creation within the country based on opportunities available in this modern age of modern technologies and infrastructure.