Both the Office for Budget Responsibility and Andrew Bailey, Governor of the Bank of England, have warned of serious consequences for public finances if significant action isn't taken. The assumption is that this must be achieved by lifting growth in productivity. But what if the main impediment to traditional economic growth, as evidenced by GDP, is endemic demonetization brought about by advancing technology and automation? Is it time to look for a radically new approach which will allow everyone to participate in that wealth creation? Background music: 'The New Order' by Aaron Kenny
