Wednesday, May 11, 2016

Note 54

A characteristic of modernity, and Asian modernity in particular, is the determination of social structures and institutions by economic values. 

Hence by altering economic imperatives, the changing operative modality of technologically embedded living will disrupt existing social arrangements. The means of change rests on the question of the flexibility of institutions to adapt.

In particular, the shift to large scale automation will require a lifestyle and social welfare alteration towards pursuit of creative comparative advantages. 

The success in generating potential growth, as well as preventing violent change, rests on the speed of cultural change.

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