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> Why didn't that lead to a crisis? I beg your pardon? 1929? World War II? Permanent cycling between "growth" and recession? Our world practically runs on cr
by loup-vaillant 15y ago
> Why didn't that lead to a crisis?
I beg your pardon? 1929? World War II? Permanent cycling between "growth" and recession? Our world practically runs on crises! Now, the planet is still spinning, but I very much doubt the way economy runs now is anywhere close to optimal. ("Far away from optimum" counts as "fundamentally broken" in my book, because both call for a fix.)
Regarding automation, imagine for a second that we automate a large part of our industry. Say, driving. That would potentially be awesome: it would significantly reduce the amount of mandatory work. But what will probably happen ? Big economic problems triggered by trucker's unemployment.