Clash of Systems and State Failure

In his book “The Price of Tomorrow”, #[0] explains how the productive system and the economic system are currently clashing with each other. On the one hand, the productive system, through technological advancements, aims to free human time by finding efficiencies, removing labor, and driving the prices of goods and services to their marginal cost of production, which, in the information age, tends to zero. On the other hand, the economic system, through inflation, aims to stimulate economic growth, measured by the prices times the amount of goods and services consumed, which, in an inflationary economy, tends to infinity. As technology accelerates, so must inflation, otherwise prices would fall, and there would be no economic growth (as we currently measure it). However, because the advancements in technology are exponential, and the creation of new money is not evenly distributed (Cantillon effect), the clash between the two systems generate polarization, inequality, and violence, which are exactly the problems that the state and its laws were creared to address.

#Bitcoin fixes this