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I've always found it ironic that these types of posts are popular on a news board for a venture capital group, arguably the pinnacle of capitalism. I see no rea
by mjfl 11y ago
I've always found it ironic that these types of posts are popular on a news board for a venture capital group, arguably the pinnacle of capitalism. I see no reason why robots couldn't kickstart new REITs: Robot Estate Investment Trusts, that are open to investment from the middle class and others. I see no reason why they would be "hoarded" by: "the big banks", the "1%", and other boogeyman simply because they can afford to buy one or more round units. I think that such talk betrays a very naive view of capitalism.
- kolbe 11y agoIf you have a robust criticism of Piketty, then I'd rather you present that. You're going out on quite a limb calling the greatest living physicist "niave" while he's parroting one of the most highly-regarded economists, and your support for that insult thus far is rather flimsy.
- mjfl 11y agoThe article makes no mention of Piketty. It does however mention the "new Dark Ages of modern Feudalism" and that societies "are still living inside the 'Matrix' of this culture" which is naive hyperbole; my reference was to the article not Professor Hawking. However, being a skilled physicist means nothing about one's understanding of economics, and any physicist could tell you this. It is very dangerous to just take someone's extrapolations as truth because they are "smart".
- kolbe 11y agoI'd say it's significantly more reliable to assume Hawking knows more than an anonymous internet poster who throws insults around and pretends they're arguments. All I'm saying is that if you want to go toe to toe with a brilliant and respected man, come to the fight with some real arguments.
- smaddox 11y agoFor every person who has savings to invest in X (robots included) there are 3 or more who don't. Over time, that ratio gets worse, because interest.