We live in a hand-to-mouth,
pass-the-parcel, kick-the-can, pay-as-you-go economy. That has underlying
assumptions and puts you at the mercy of feast and famine cycles. Creative destruction
is both powerful and useful. For survivors. To survive, you need to build in a “margin
of safety”. Meaning you have to leave space. To build space. The only thing you
can plan for is that things won’t go according to plan. Hand-to-mouth means
spending everything you earn. Pass-the-parcel means if your customers don’t get
paid, you don’t get paid. Kick-the-can means spending now because you assume
future growth will be able to pay for current spending. Pay-as-you-go means one
generation pays for the next. Think of Pensions as the predecessor idea to
Basic Income. The big question then was also how do you pay for it? The answer
then? Working people pay directly to retirees. Retirees die, working people retire,
and children start working. Merry-go-round. Until people live longer and people
have fewer children. The way to build, is first to build space. Then build
engines.
