Great post. In essence, we're moving toward a post-capitalistic age. Barring an apocalypse, it's almost inevitable. At some point in the relatively near future, we will have far more citizens than are needed to sustain the workforce because the workforce will be sustained by machines and small numbers of incredibly efficient humans (your idea of "plenty" over a former "scarcity"). We're already seeing the first signs of it with crude automation of basic tasks... That is only going to snowball in the coming decades and there's no stopping it. It doesn't matter if the minimum wage is $1/hour or $50/hour, the machines are coming. All one has to do is look at the (relatively good-natured) pissing contest between Google and Facebook over A.I. to see how quickly this is coming to a head. Whether it will take 50 years to get there or 200, I do not know... But I do know that clinging on to ideas borne from the 19th century industrial age aren't going to fly. We need to look forward, not back. That doesn't mean we throw everything out the window but it does mean we need to start closely examining which ideas will hold up in time and which ideas are no longer applicable to modern society. Think about it this way: 40 years ago, the personal computer - for all intents and purposes - did not exist. Today, we can do most of our work from a 5" phone we carry in our pockets, right down to ordering damned near anything our hearts desire, paying for goods and services, and staying in touch with the world 24/7/365. Cars don't only drive themselves, they drive better than human beings. And these are basic consumer goods, not cutting-edge radical ideas just emerging out of skunk works around the world. What will the world look like 40 years from now? The rate of technological advance is not slowing... If anything, we're only getting started. To continue down this rabbit hole, think about the potential impact of automated semi trucks. According to a quick Google search, there are roughly 3.5m professional semi drivers in the US... That's one percent of the population. Not one percent of the workforce but one percent of the population of the country. Alphabet/Google could probably build an automated truck tomorrow with the tech they have in-house. It wouldn't be the best driver in the world but it'd probably get by well enough. How far are we from putting those 3.5m people out of work? A decade? I'd argue two decades, tops. And then what happens? Old capitalism ideas aren't going to solve the coming problems. Some of them will surely help but others will hinder our progress as a society. We shouldn't be so naive as to expect old practices to continue working as society continues to evolve at a rate never seen in the history of man. Left to its own devices, pure capitalism would cause a worldwide revolution (the violent, ugly kind) in a matter of decades as 1% controls the money and power while the world is ravaged with an astronomically high unemployment rate followed by starvation, fall of governments, etc. because half the population is "simply no longer needed, thanks for your service".