Universal Capital Ownership The Path To True Prosperity?
AI Summary
In this thought-provoking video, Dr. Julia McCoy explores the concept of Universal Capital Ownership (UCO) as a solution to the upcoming Automation Cliff, where machines will perform most labor, potentially leading to mass unemployment or heavy taxation. The video outlines the breakdown of the traditional wage-consumption cycle and proposes UCO as a means to preserve human dignity and purpose, allowing individuals to benefit from technological advancements. Dr. McCoy discusses biblical foundations for shared prosperity and offers practical solutions such as County Endowment Funds and Business Patronage Programs. Notable insights include the timeline of automation’s impact on the workforce and the emphasis on creativity and connection as humanity adapts to a new economic reality. The video encourages viewers to envision a future where wealth is derived from ownership, fostering innovation and community wealth.