I can't remember how I got there, but I've been enjoying a new site today called "Popehat," especially a piece about Alvin Toffler's successive waves of change in human society. In the original state of human culture, hunter-gatherers bumped up against a limiting condition of enough food. Utopia was a place where there was plenty to eat. Next came agriculture, which increased productivity and the food supply. "Agriculture allowed us to harvest more calories per hour of labor." The limiting condition was arable land. This was followed by industrialization, which increased productivity again. "Industry allowed us to harvest more material wealth per hour of labor." The limiting condition was capital; in Utopia there would enough machinery for everyone. Finally, in the post-industrial society, "information technology allows us to harvest more informed decisions per hour of labor." The limiting condition on prosperity has become scarce mental skills.
The author identifies the problem with many political schemes as "retrograde Utopian solutions." Land redistribution, or socialist redistribution of the means of factory production, he sees as beside the point. The current approach to a shortage of genius is to tax the highly creative and successful at extremely high rates. The commenters try to explore a solution that increases cognitive skills via education, to which the author wryly responds, "What mechanism do you think turns cash into geniuses?" There follows a spirited discussion of education and intelligence (with a long detour into the usual arguments for and against the minimum wage).