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It has been my experience that those who speak ill of capitalism have never risked it all to launch and run a business after identifying a need or dreaming-up a
by rebootthesystem 10y ago
It has been my experience that those who speak ill of capitalism have never risked it all to launch and run a business after identifying a need or dreaming-up a new product or service. Words like "greed" are then flung about in complete disconnect from reality.
Here capitalism and free markets become evil as they are "watched" from the outside. Little do they know just how hard it is. Little do they know what degree of effort, dedication and tolerance for risk it requires.
They look at entrepreneurs and companies and eventually see evil from their flawed frame of reference while neglecting to notice all they have thanks to precisely the people they vilify. Nothing funnier than an anti-capitalist using a computer, and iphone, a car or enjoying the benefits of modern medicine. Even wearing a pair of socks manufactured through modern means while criticizing capitalism is nothing less than hypocritical.
Will capitalism survive the robot revolution?
Of course it will.
What will create the robot revolution in the first place? It certainly won't be people not chasing dreams or taking risks. It will be people willing to put it all on the line to chase their passions and ideas and, yes, to make a profit while doing so. Profit is the feedback that says you are doing something people want. It's the result of a voluntary relationship between producer and consumer. It's a good thing.
Capitalism doesn't require advanced technology. It has nothing whatsoever to do with it. Robots, horse-drawn carriages, cookies or light bulbs, it makes no difference.