Part 4/10:
- Voting Rights: Democratic participation empowers citizens to influence economic policies, shaping an environment that fosters innovation and equitable opportunities for all.
Together, these components form a social contract that underpins economic stability. As labor rights erode in the wake of automation, the need for effective property rights and voting rights becomes increasingly pressing.
The Economic Agency Paradox
The relationship between automation and economic agency presents a paradox. While automation promises liberation from mundane tasks, it also threatens consumer purchasing power as wage-earning opportunities diminish. A systemic collapse may ensue if consumer spending fails while business innovation and growth become reliant on high purchasing power.