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Of course. That's like asking if gravity will still exist in 100 years. No system has ever been more efficient than free markets, and robots will only help wi
by pdq 10y ago
Of course.
That's like asking if gravity will still exist in 100 years.
No system has ever been more efficient than free markets, and robots will only help with efficiency. The only way to kill capitalism is by the state.
- tanderson92 10y agoThe question is more of what society values. One can make an excellent case that Capitalism is suboptimal, but of course it is ruthlessly efficient. The two are separate questions.
- matt4077 10y agoIt's actually not, is it? Massive amounts of productivity are wasted on ideas that fail. Massive amounts are used for duplicative efforts. Massive amounts are used in endeavours that are mostly zero-sum, such as marketing or lawsuits. Massive amounts are wasted in the administration of capitalism itself, i. e. financial markets. Massive amounts of potential consumer benefits cannot be accessed because capitalism requires artificial scarcity for goods with 0 marginal costs. Yes, it's the most effective system we know for some goods. But some people seem to believe that it is somehow provable efficient in an absolute sense, which it clearly is not.
- rorykoehler 10y agoIt could, and has been, argued that the very efficiency that makes capitalism work so well is the exact reason why it will fail. Once total efficiency is achieved capitalism will eat itself.
- Nevermark 10y agoTotal efficiency? Other than a perpetual motion machine, what could that possibly mean? Infinite energy sources? I don't think you are saying anything rational.
- wz1000 10y ago> The only way to kill capitalism is by the state. The only way capitalism in its current form exists is through the support and use of state power. Private and intellectual property are entirely dependent on state recognition and are propped up by the states monopoly on violence.
- dragonwriter 10y ago> The only way capitalism in its current form exists is through the support and use of state power. Capitalism fundamentally is the application of state power to protect a particular class through defense of a particular structure of property rights.