I’m an engineer too, and I don’t think capitalism works from an engineering perspective very well. It naturally leads to monopolies, it’s just inevitable, which have the same natural ailments as centrally planned economies, but with unelected people at the top. A decentralized economy needs to be engineered to be as such, culturally and legally, on purpose. Up till now it was just a technological fact that economies were decentralized, not true anymore. And with automated production, labor should no longer be the basis of the right to live, especially as labor decreases on the limit to 0 with increased AI.
UBI is not a good solution in that it doesn’t change the power structure, we still are controlled at the government and in our jobs by the rich, which do not have any mandate from the people.
Just an anecdote, between engineers, depending on your age, my experience is the older I get in engineering, the more I realize how totally un-meritocratic managers are, and how much they suppress us. Buisness and government use scientists and engineers to achieve poorly designed goals for dumb or evil ideas, like war or profit. Be wary.
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