3 ms·
The government’s job should be to keep an eye that gains are shared broadly enough, and ensure increased productivity doesn’t cause excess environmental harm.
by mathattack 8y ago
The government’s job should be to keep an eye that gains are shared broadly enough, and ensure increased productivity doesn’t cause excess environmental harm. (If the government funds Robotics research, all citizens should share in the windfall)
- te_chris 8y agoBased on your comment I think you'll really enjoy this book - I'm about 75% through it. https://www.penguin.co.uk/books/280466/the-value-of-everything/ https://www.penguin.co.uk/books/280466/the-value-of-everythi... The Value of Everything by Mariana Mazzucato. One of the best economics books I've read in a very long time, well argued and not too heavy in Jargon. The thrust of the argument is that we've misconstrued value and thus don't properly account for all the activity in the economy, overcounting things which aren't 'productive' in the historical economic sense (like finance, FB's ad market), while undercounting other activities, including those of govt - before everyone jumps on me, both Marx AND Smith agreed that finance didn't contribute to productivity, merely enabled it.
- mathattack 8y agoMy understanding of economics is that capital and love are inputs to the productivity formula, but don’t raise it. There are lots of externalities (pollution) that are hard to measure.
- duxup 8y ago"all citizens should share in the windfall" Maybe we all get assigned a robot as our "work" and we get the robot's pay.
- mathattack 8y agoFiguring out ownership of robots is interesting.