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> AI-assisted robotic automation in particular - could have a similar societal impact by eliminating many jobs and concentrating wealth in the hands of the owne
by unity1001 4y ago
> AI-assisted robotic automation in particular - could have a similar societal impact by eliminating many jobs and concentrating wealth in the hands of the owners of the manufacturing lines
"will" is an unnecessary word. That started happening with the electronics revolution in 1970s triggering the robotics revolution and automating factories. That's the reason for increasing wealth concentration. Which, the Western governments tried to combat by floating the economy on debt. That blew up in 2008. So here we are, living the aftermath of the crash of capitalism that Marx said would happen due to increasing technology and automation putting majority of people out of work and there remaining no way for them to buy the products that the economy produces, putting the economy into a crisis.