My point is that rapid explosion of automation ushered by robotics as we’re seeing happening in China will make capitalism an unviable economic system.
I wouldn’t make such a prediction as there are many possibilities and people like hanging onto things. One possible outcome could be the introduction of UBI, which could allow people only pursue the jobs or activities the want. That could be upskilling to become a research, becoming a race car driver, or a streamer, starting a company using AI, traveling the world, helping out the elderly, and so much more. There would still be production and consumption with popular products making some companies richer than others, but it could lead to a happier populace within a capitalistic system.
Of course there are dystopian scenarios like cleansing of the unemployed, remigration of the homeless, forced labor, and so much more that could keep the capitalistic system alive.
The reality is that capitalism is already visibly failing today, and we see mass civil unrest growing across the western world as a result. It’s possible that bandaid solutions like UBI may be attempted, but it’s pretty clear that there would need to be major restructuring of economic fundamentals going forward.
Alright, but what is your point?
Anti Commercial-AI license
My point is that rapid explosion of automation ushered by robotics as we’re seeing happening in China will make capitalism an unviable economic system.
I wouldn’t make such a prediction as there are many possibilities and people like hanging onto things. One possible outcome could be the introduction of UBI, which could allow people only pursue the jobs or activities the want. That could be upskilling to become a research, becoming a race car driver, or a streamer, starting a company using AI, traveling the world, helping out the elderly, and so much more. There would still be production and consumption with popular products making some companies richer than others, but it could lead to a happier populace within a capitalistic system.
Of course there are dystopian scenarios like cleansing of the unemployed, remigration of the homeless, forced labor, and so much more that could keep the capitalistic system alive.
Anti Commercial-AI license
The reality is that capitalism is already visibly failing today, and we see mass civil unrest growing across the western world as a result. It’s possible that bandaid solutions like UBI may be attempted, but it’s pretty clear that there would need to be major restructuring of economic fundamentals going forward.