How will capitalism as a system survive in the age of mass automation and AI?
How will capitalism as a system survive in the age of mass automation and AI?
Anthony Miller
Evan Nelson
Please name 1 (one) country on planet earth that has currently (2018) implemented capitalism.
Think before you answer.
Blake Adams
>capitalism survive
it wont
Asher Foster
Gruber, you should go to sleep, its 1 AM, and you are talking nonsense.
Gavin Russell
It won't. The eggheads designing and creating the automation and CEOs funding and implementing it are screwing themselves and are too short sighted to realize it. Once completed automation is realized we will all be useless eaters with nothing to do but wait for our government rationed goods and services, that is assuming the elites don't decide to eliminate the surplus population.
Andrew Young
It won't. Labor will become worthless. Or next to worthless. Even skilled jobs like programming, medicine, and law will hypothetically be automated. One day you may download your lawyer from fucking Amazon, and go get medical treatment from a Fallout style autodoc (cartoony, but in principal the concept is valid). We're gonna have to do some kind of universal income or something, because capitalism needs a market to survive, and AIs don't need very much.
Michael Fisher
I imagine it'll be like it is now. The few will hold all the wealth and the rest of us will fight over the crumbs.
Colton Morgan
By abolishing central banking and actually allowing prices to fall as living standards increase.
Basically most people will be retired or work 2 day work weeks.
Fuck central banking.
Hunter Hernandez
How will mass automation survive in the age of mass capitalism?
Nolan Hill
Exactly. It won't be some sort of crisis of capitalism.
You'll just have a global class of high-IQ knowledge workers working with automation, trading with each other the things produced by that system.
You will most likely have an intermediate class working for those people, and the rest living in poverty.
That's more or less already the current situation by the way.
Xavier Baker
You won't need capitalism if robots do everything.
It will turn to democratic socialism, this is almost a guaranteed that this will happen if full automation roles out, its forced socialism now that's killing innovation, just wait two hundred years, we won't be alive for full blown socialism, so I guess that's something to either be happy or sad about
Brayden Roberts
>Labor will become worthless. Or next to worthless.
At which point the labor portion of every good and service becomes next to nothing which means everything will be super cheap. Sounds OK by me.
Of course replacing human labor for most things is not going to happen in any of our lifetimes so you'd probably better get a fucking job you useless commie.
Parker Bennett
>How will capitalism as a system survive in the age of mass automation and AI?
Capitalism will do just fine.
Communism on the other hand...
Ian Bailey
>Labor will become
it's not about labor, its about consumers
production is unlimited, automated machines can crank out widgets 24/7
but wages purchasing ability declines
the state must step in with government spending to counter declining private sector consumption
-> see Japan, we are lagging 20 years behind them, private-sector deleveraging, balance sheet recession...
youtube.com
Central bank of Japan, BOJ is top-10 shareholder in 40% of Japan's listed companies
asia.nikkei.com
Eli Cook
>Central bank of Japan, BOJ is top-10 shareholder in 40% of Japan's listed companies
capitalism is finished
Jayden Carter
That's kinda silly to have a robot type on a computer instead of plugging directly into it. Very inefficient.
Kevin Phillips
How will HUMANS survive without purpose?
Jeremiah Mitchell
Artificial stimulation, games, television, porn,
Grayson Peterson
>porn
The porn actresses will be replaced by robots.
Jayden Jenkins
Probably just the males, in fact robot fucking is already a thing on some websites. Also probably sex robots for personal use, assuming that the feminists don't ruin it.
Brandon Stewart
>Labor will become worthless
Labor is currently the limiting factor in productivity. AI and robotics will provide near limitless labor, so something else will be the limiting factor in the future economy. This can include electrical power, computational power, land, raw materials or heat dissipation (in the context of the near limitless energy production that things like fusion power could bring about).
None of this will necessarily be the end of capitalism. It may just take a different form.
Jace Myers
>red dead 2 comes out
>can’t afford the console or the game
>barely muster the effort to watch others play it online
How will the gubment fix this?
Luis Morgan
It won't. Capitalism is the old paradigm, and will require evolution.