I could have worded it better: short term profit extraction at the expense of long term capital expenditures and growth through mechanisms such as stock buyback

I could have worded it better: short term profit extraction at the expense of long term capital expenditures and growth through mechanisms such as stock buybacks and outsourcing. [1] Agree there is no easy way to 10 times more stuff but neither is everybody instantly replaced by robots and if everything is 10 times cheaper due to increases in productivity (robots) then more credit / increased wages isn’t required. I do believe the robots arguments is used in a fait accompli way that isn’t necessarily true. [2] 1. http://www.marketfolly.com/2016/05/stan-druckenmillers-sohn-presentation.html http://www.marketfolly.com/2016/05/stan-druckenmillers-sohn-... 2. https://www.brookings.edu/blog/the-avenue/2015/04/29/dont-blame-the-robots-for-lost-manufacturing-jobs/ https://www.brookings.edu/blog/the-avenue/2015/04/29/dont-bl...