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With technology comes abundance, and with abundance comes deflation. The problem is, our world wasn't built for prices to go down – quite the opposite, in fact. In The Price of Tomorrow (2020), tech entrepreneur Jeff Booth explores the problem of how to integrate the deflation brought on by technology into a system where inflation has been the norm. He believes we can avoid a looming economic crisis if we can learn to embrace what abundance brings, which could even be a world without work.
With technology comes abundance, and with abundance comes deflation. The problem is, our world wasn't built for prices to go down – quite the opposite, in fact. In The Price of Tomorrow (2020), tech entrepreneur Jeff Booth explores the problem of how to integrate the deflation brought on by technology into a system where inflation has been the norm. He believes we can avoid a looming economic crisis if we can learn to embrace what abundance brings, which could even be a world without work.