2 ms·
Precisely. I am still waiting for the dime to drop in politics regarding the true nature of technology. It is all about efficiency, and by definition, human wor
by FD3SA 11y ago
Precisely. I am still waiting for the dime to drop in politics regarding the true nature of technology. It is all about efficiency, and by definition, human workers are inefficient. Once this fact is internalized and understood, we can begin having a frank discussion on what our societies will look like in the future.
Spoiler: it won't be anything like the present system.
If the current systems are in place going forward, we will have a dystopian future where a tiny percentage of the world population owns everything, and everyone else is a useless meatbag. Farming, manufacturing, defence, sanitation and other critical infrastructure will be highly automated. Consumer products will no longer be lucrative because the majority of consumers will have zero disposable income. Luxury goods will be the new consumer market [1].
The unholy trinity of capitalism, globalisation and automation is proving far too effective. Off-shore labor minimizes costs in the short term, while automation eliminates them in the long term. As capital increasingly substitutes for labor (in the form of technology) as the sole factor of production, it becomes impossible to participate in the market without large capital reserves. Thus, the rich get richer, and the poor get poorer. Piketty has already documented this phenomenon occurring across the board.
We live in interesting times.
1. http://store.apple.com/ca/buy-watch/apple-watch-edition?product=MKL52VC/A&step=detail# http://store.apple.com/ca/buy-watch/apple-watch-edition?prod...