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You take this concept far enough and factories become like corporate bonds. Put money in, money comes out. The question ultimately becomes: if no-one’s labour i
by moomin 4y ago
You take this concept far enough and factories become like corporate bonds. Put money in, money comes out. The question ultimately becomes: if no-one’s labour is needed, do we need to retain money?
- shevis 4y agoLol at the idea that automatic factories means no-one’s labour is needed. Not all labour is factory labour nor can it be converted to factory labour.
- WJW 4y agoNot all labour is performed in factories, so... yes? It's hardly be feasible to have "dark hospital" for example. Even if the robotic doctors would be fine without light, the patients would be a lot happier if they can see.
- vba616 4y ago>if no-one’s labour is needed, do we need to retain money? If everything that people do to maintain society is called something other than "labour", then I guess it would equally make sense to call the accounting concept that tracks it something other than "money", but what's the difference?