We are entering a new phase in human history—one in which fewer and fewer workers will be needed to produce the goods and services for the global population.
Throughout the previous chapters, we have seen a pattern repeated at all levels of society and in every corner of the world. In the name of increasing efficiency, hundreds of millions of people are being discarded by a global economy that has no need for them.
In Mexico, small farmers are displaced to make way for mechanized agriculture. In India, they are forced off their lands by massive new dams needed to produce electricity so that factory workers can be replaced by more efficient machines.
On Wall Street, the human traders who key decisions ...