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Robots are capital. Real estate is mostly land. Capital produces interest. Land produces rent. These are different things. However, if robots ever became fully
by nwah1 10y ago
Robots are capital. Real estate is mostly land. Capital produces interest. Land produces rent. These are different things.
However, if robots ever became fully autonomous and sentient, then owning them could be equivalent to slaveownership, and fundamentally immoral.
Slaveowners can be said to collect rent, because just like with owners of land titles, their profit comes not from production but from the government giving them privileges.
- deleted 10y ago[deleted]
- psc 10y ago> Robots are capital. Real estate is mostly land. Capital produces interest. Land produces rent. These are different things. Not according to neoclassical economics! Land is just another form of capital. I still don't understand why though. Some say it's political but that feels like too much of a conspiracy theory to me. There must be a good explanation but I haven't found it yet.