A Vision of Informed Society and a Sustainable Redistribution System

Andrzej Piotr Wierzbicki ()
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Andrzej Piotr Wierzbicki: National Institute of Telecommunication

Chapter Chapter 7 in The Future of Work in Information Society, 2016, pp 55-62 from Springer

Abstract: Abstract This chapter discusses one of possible ways of preventing the catastrophic consequences of the end of work discussed in the previous chapter. The society should be better informed what really happens in global economy under the impacts of next three waves of informational revolutionInformational revolution in order to convince, in a democratic way, the politicians about the necessity of more radical reforms of capitalism. Without such reforms, two positive feedback loops between science and technology and between technology and market will result in further avalanche-like development that must end in “hitting the ceiling”. One of possible reforms is to provide for a negative feedback in the mechanism of capital replacing labour by introducing a substantial taxation of the incomes of enterprises, combined with strong tax reliefs related to creation of new working places, measured by the part of enterprise income that is spent on labour salaries. Such reform would require an international agreement, but has the advantage that it would provide for a sustainable redistribution system.

Keywords: Radical reforms of capitalism; Negative versus positive feedback; Capital replacing labour; Creation of new working places; Degressive taxation; Sustainable redistribution (search for similar items in EconPapers)
Date: 2016
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Persistent link: https://EconPapers.repec.org/RePEc:spr:spbchp:978-3-319-33909-2_7

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DOI: 10.1007/978-3-319-33909-2_7

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