It's not broken, it's just that reality of labor is changing to the point that the ideas we have about how to create a healthy economy won't work anymore. It's similar to how Marx's theories were only applicable when the vast majority of labor was simple factory or agricultural work, and you assume everything about the industrial revolution would remain static.
The #1 method for creating a strong economy has been to try reaching maximum labor participation - everyone has a job, and government does what it can to move people into a position to meet labor demand.
Once we move into a post-labor economy, we will just have to adjust how we make capitialism work through things like Universal Basic Income.
The #1 method for creating a strong economy has been to try reaching maximum labor participation - everyone has a job, and government does what it can to move people into a position to meet labor demand.
Once we move into a post-labor economy, we will just have to adjust how we make capitialism work through things like Universal Basic Income.