FOURTH INDUSTRIAL REVOLUTIon
Shifting sands of techno-capitalism show need for a new social contract
Increasing decoupling of economic growth and labour absorption is creating insecurity and widening inequality
We are in a period of human and planetary transition. The techno-capitalist-driven decoupling of economic growth and labour absorption is accelerating, creating insecurity, widening inequality and despair. The planet’s ecological system, which supports all life, is racing faster towards a tipping point of collapse. Species extinction is accelerating, coral reefs are bleaching, temperatures are rising and extreme weather patterns are more common. We are at the mercy of complex and fragile economic, political, social and ecological systems with increasing volatility. The centre may not hold. The social contract is the implicit "agreement" between the state, business and us, the people. We give up some individual rights to do as we please to gain other rights and societal benefits in welfare (economic wellbeing); liberty (freedom and security) and virtue (morality or values). In the time of feudalism, the right of human usefulness, or the capacity to be productive, was directly tied to...
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