Part 10/14:
- The potential of cryptocurrencies and DAOs depends on proper governance and policy integration, not just technological innovation.
The End of the Traditional Labor Bargaining Power
A insightful observation is that collective bargaining power—the backbone of wage-driven demand—is eroding due to neoliberal policies, unions decline, and automation reduces the relevance of employment as a demand mechanism.
Ownership-based demand, through property income, becomes the new bargaining chip for a fair economy, providing stable income streams independent of employment.
Society faces a choice: endless transfer payments (welfare, UBI) or broad private ownership that distributes wealth and empowers demand.