Home Charles Hugh Smith: Fixing The Way We Work

Charles Hugh Smith: Fixing The Way We Work

user profile picture Adam Taggart Nov 15, 2015
placeholder image

Charles Hugh Smith returns to the podcast this week to discuss the theme of his new book A Radically Beneficial World: Automation, Technology and Creating Jobs for All.

Automation and artificial intelligence are changing the landscape of work. Tens of millions of jobs are on track to be eliminated over the next decade or so by these advancing technological innovations in the US alone.

The way in which our current economy is constructed, the fruits of those cost savings are likely to go into a very small number of private pockets, while the millions of displaced workers will find themselves with no income and no work to do. It’s a huge looming problem that is not being address in national dialog right now.

But there’s opportunity to course-correct here. To use our new technologies to increase total productivity in a way that empowers rather than diminishes the individual worker.

What if we could hit the reset button on the way we create money, work, commerce and community?

This is not an idle question, for technology now enables us to hit that reset button and organize the creation of money, work, commerce and community in new ways. If we could start from scratch, what would a new system look like?

To answer that, we must understand why the current system is failing. The current system is based on five principles that are assumed to be true:

  • Money created by banks trickles down to create work for all
  • Technology creates more jobs than automation destroys
  • Centralization is the solution to large-scale economic problems
  • Expanding debt and consumption (i.e. growth) is the path to prosperity
  • Maximizing private gain organizes the economy to the benefit of all

All five have proven to be untrue. No wonder inequality is rising and opportunity is declining. Clearly, we need a new system that offers what the current system cannot: meaningful work for all.

We have the ability to design a global system that integrates money, work, commerce and community in new ways, using social/technical innovations that are already in daily use. I’ve proposed a practical blueprint of a new system that offers opportunities for meaningful work and ownership of the sources of prosperity not just to a few, but to everyone. In this system, every individual has the power to change the system for the betterment of themselves and every other participant. Being at the top of the heap is no longer a prerequisite. Everyone who is powerless in the current arrangement is empowered in this new system. Empowered to not just better themselves and their family, but better their community and the larger community of Planet Earth.

A radically beneficial world beckons—what are we waiting for?


Click the play button below to listen to Chris’ interview with Charles Hugh Smith (44m:54s)

Watch the Video
YouTube video
Listen to the Audio

Click Here to Download

Read the Full Transcript!