The Second Machine Age, pages 2 -12. (The whole book is very interesting, but I won't ask you to buy it and read it just for this session.)
Washington Post review of Second Machine Age
Vox analysis of Silicon Valley political views
Fortune article on Paul Tudor Jones and income inequality (and his organization Just Capital)
Perhaps nowhere is variance in wealth more evident than in the San Francisco Bay Area, where the homeless sleep outside of condos selling for tens of millions USD.
While technology has led to vast wealth, advances in life expectancy, and remarkable variety and quality of leisure activities, it has also shifted the relative importance of labor, financial capital, and intellectual capital. This shift may be one explanation for the increased variance in wealth in society.
Consider these questions:
1. Putting aside moral philosophy, how much risk does income inequality pose for the technological and business elite?
2. What social systems might effectively address the segments of society at greatest economic disadvantage?
3. Are there countries or regions that serve as models for harnessing the economic power of technology while not stranding those at the bottom of the pyramid?
4. What do you think of Paul Tudor Jones' approach?
Submit an answer of 100 - 300 words to one or more of these questions.