How “Moonshots” Destroy Wealth
Andrew Stover
11

An assiduously argued case for “the importance of robust commercial and capital structures.”

With that said, I think the current financial regime is doing everything in it’s power to over-leverage and hoping against hope the “worker” element can finally be dispensed with once robust AI comes online. Labor has lost the struggle against capital and this is what losing looks like, a slow, ugly and brutish race towards total unemployment. As the economic situation gets worse I imagine governments and constituencies will clamour for “moonshot” attempts to reboot the dying financial regimes.

Even now our definition of moonshot is much reduced. Universal basic income feels like a moonshot, but in truth of matter it would be considerably more modest and affordable to implement then the current crop of foreign wars for example.

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