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Sure. But there's a wide range between the concentration of capital we have now, and the notion of it all being somehow distributed equally. It's not so much ab
by vannevar 6y ago
Sure. But there's a wide range between the concentration of capital we have now, and the notion of it all being somehow distributed equally. It's not so much about giving capital to workers, it's more about retarding the natural flow of capital to itself. If the economy were only made up of 100-person factories, then there might be enough competition and experimentation that more capital would find its way to innovation and labor, rather than being drawn to large concentrations of wealth. I'm not saying we need to go to that extreme, but there is much room for progress in that direction.
Looking farther into the future, with AI and robotic labor, it's quite possible that everyone would have the capital to direct a large factory. As it stands now, it appears likely that any such robotic future would be owned almost exclusively by a tiny fraction of humanity.