New social contract initiative
This page describes a transhumanist political initiative that is supported by Transpolitica.
The initiative is summarised as A new social contract, alongside automation.
Description of initiative
Emerging technologies – in particular automation – are likely to impose significant strains on the current economic model. It is far from clear how this will play out; it’s also unclear what the best strategies for response are. Society and its leaders need to consider and discuss these changes, and draw up plans to deal with different outcome scenarios.
Transpolitica anticipates that accelerating technological unemployment may cause growing social disruption and increased social inequality and alienation. People who trained hard for new career opportunities may discover that their employment prospects have been quickly overtaken by increasingly sophisticated robots, AIs, or other software – automation systems that have gained new skills at a rate faster than can be matched by human trainees.
A new social contract is needed, involving appropriate social, educational, and economic support for those who are left with no viable option of ‘earning a living’ due to this unprecedented technological change.
A form of negative income tax (as proposed by Milton Friedman) or a basic income guarantee could provide the basis for this new social contract. It may take a moonshot-scale program to fully design and implement these changes in our social welfare systems. However, political parties around the world have developed promising models, backed up by significant research, for how universal basic income might be implemented in a cost-effective manner. Transpolitica urges experimentation followed by action based on the best of these insights.