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And really it's a whole bunch of things we've never had before at the same time. Factories can scale to the point that a single factory for a lot of products c
by pixl97 1y ago
And really it's a whole bunch of things we've never had before at the same time.
Factories can scale to the point that a single factory for a lot of products can meet the needs of all of humanity. Add in economies of scale and the number of actual work on the actual product jobs decreases for any one product over time.
Information technology can scale to the point that any one company can manage vast oceans of data about processes and conditions in the business exercising large amounts of control over economies.
Shipping and transport are fast, cheap, and ubiquitous. That huge factory from above can make anything then ship it anywhere cheaper than you can make it right next door.
Robots and further AI automation can insure the investor class gets even wealthier by not having to pay things like the 16 hours a day you don't work in health insurance. More so there is never a labor shortage by pesky striking workers asking for more pay or better conditions.
All the above setup conditions for the consolidation of control of almost everything by a very small number of entities.