What to Do in the Face of Mass Technological Unemployment

The risk of job loss is the principal risk faced by the subject of a liberal market democracy. In the era of 'social democracy' 1946-1979, countercyclical fiscal policy was combined with unemployment insurance to counter the risk; in the 'neoliberal era', that is to say since Volcker's appointment, the Fed has taken the lead in macroeconomic stabilizati…