Authors: Bill Gaede
Comments: 4 Pages. ICBEC 2010, Hong Kong, China
Extrinsic agents such as extraterrestrial impacts and disease will not cause the extinction of Man, but rather the collapse of his artificial economy. We argue that there is no productive category of the economy beyond the Service Sector in which to shift the global work force. As the Agriculture, Manufacturing, and Service Sectors continue to shed workers in a bid to reduce costs, this inevitably feeds Unemployment. A global economic regime in which an ever decreasing pool of workers subsidizes an ever growing army of unemployed is axiomatically unsustainable and conduces to system breakdown. That fateful day, profit-minded agricultural corporations will have no further incentive to produce food or deliver it to the cities.
Category: Economics and Finance