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Does capitalism have an ending? Maybe we can envision some kind of ending on earth. But what about when we start colonizing other planets? What new jobs begin

Does capitalism have an ending? Maybe we can envision some kind of ending on earth. But what about when we start colonizing other planets? What new jobs begin to be created as we step outside earth.

drzaiusapelord 11y ago
A general purpose AI/Robot will just do what it does here, there, and much cheaper and better than some guy stuffed into a pressurized suit who can only work x amount of hours per day and is easily injured and in constant need of food/air/medical. If space migration happens it will be with an army or robots per person because of how hostile conditions are for delicate mammals outside of earth. I don't think the futurist visions we imagine happen without a general robotics revolution, the same way we couldn't get to the moon without computers.
- VLM 11y ago
  "hostile conditions ... for delicate mammals ... outside of earth" Lets try a test of the general principle. Cross off the last three words and see if Canada, Australia, the western half of the USA, are all uninhabited. If they are, then no one will live in space. If people live in the desert in Nevada, then its highly likely people will (eventually) live in space.
  - felixgallo 11y ago
    It rains in the American Southwest, and collects in rivers and lakes; for example, Lake Mead, which supplies Las Vegas with 90% of its water. The American Southwest is also protected by the Earth's magnetic fields, which shield the planet from 99.9% of the radiation in space. So it's a little more complicated than that.
VLM 11y ago
Never forget Balkanization or fragmentation. For example 90% of the population has been permanently kicked out of big city coastal real estate and will never, ever, live there or own property there via hyperinflation in real estate prices. Yet, the sun still rises in the east and 90% of the countries population lives on, under different goals and interests. Its highly likely crony capitalism as we know it will never end and income wealth inequality will increase until almost no one owns everything, but as long as everyone else is alive, they'll just play a different game. Getting ahead of that trend is likely to be very useful. This gets into weird sci fi alt-future world "whuffie", etc, but when the game gets weird, the results get weird. You can see echos of this in historical academic studies during economic depressions, here and otherwise. Once the economic system fragments, people figure out other things, in the old days, barter, for example. Or crime. In the future the NYSE and NASDAQ will likely continue to operate, yet be utterly irrelevant to maybe 99.999% of the population, who will consider craigslist, uber, or some new startup that doesn't exist to be the real "the market". (edited to add, I really screwed up the above paragraph by failing to mention the NYSE will never go away, much like the once universal giants of the past, gold trade still goes on, fur trade, spice trade, virtually everything but the slave trade keeps right on running, just no longer important to much of anyone anymore) Anyway the point is a good long term place for a startup to be is post-business as usual. As per the famous gawker article, startups trying to replace "mom" for rich coastal yuppies are very popular, but the future is likely owned by a startup that replaces the existing commodity trading system for most people, or replaces retail, or replaces package delivery or ...
- Animats 11y ago
  "the NYSE will never go away" It went away years ago, after a merger with Euronext and a few more mergers. The parent company, ICE, is in Atlanta and owns 23 exchanges. The NYSE trading floor is a stage set now. There are still some people there, but they're using computers. The webcam feed is no longer available. Here's a picture of the NYSE trading floor from June 2015:[1] It's now a quiet co-working space for traders. One guy on a tablet, a few on desktops, two people talking, one walking, many empty seats. That's the NYSE today. All the real action happens inside several data centers in New Jersey. [1] https://usatmarkets.files.wordpress.com/2015/06/wall_street-6-2-15.jpg?w=1000&h=582 https://usatmarkets.files.wordpress.com/2015/06/wall_street-...
- eli_gottlieb 11y ago
  >Its highly likely crony capitalism as we know it will never end and income wealth inequality will increase until almost no one owns everything, Anything that can't continue indefinitely, won't.

Does capitalism have an ending? Maybe we can envision some kind of ending on earth. But what about when we start colonizing other planets? What new jobs begin to be created as we step outside earth.

drzaiusapelord 11y ago

A general purpose AI/Robot will just do what it does here, there, and much cheaper and better than some guy stuffed into a pressurized suit who can only work x amount of hours per day and is easily injured and in constant need of food/air/medical. If space migration happens it will be with an army or robots per person because of how hostile conditions are for delicate mammals outside of earth. I don't think the futurist visions we imagine happen without a general robotics revolution, the same way we couldn't get to the moon without computers.

VLM 11y ago
"hostile conditions ... for delicate mammals ... outside of earth" Lets try a test of the general principle. Cross off the last three words and see if Canada, Australia, the western half of the USA, are all uninhabited. If they are, then no one will live in space. If people live in the desert in Nevada, then its highly likely people will (eventually) live in space.
- felixgallo 11y ago
  It rains in the American Southwest, and collects in rivers and lakes; for example, Lake Mead, which supplies Las Vegas with 90% of its water. The American Southwest is also protected by the Earth's magnetic fields, which shield the planet from 99.9% of the radiation in space. So it's a little more complicated than that.

VLM 11y ago

Never forget Balkanization or fragmentation. For example 90% of the population has been permanently kicked out of big city coastal real estate and will never, ever, live there or own property there via hyperinflation in real estate prices. Yet, the sun still rises in the east and 90% of the countries population lives on, under different goals and interests. Its highly likely crony capitalism as we know it will never end and income wealth inequality will increase until almost no one owns everything, but as long as everyone else is alive, they'll just play a different game. Getting ahead of that trend is likely to be very useful. This gets into weird sci fi alt-future world "whuffie", etc, but when the game gets weird, the results get weird. You can see echos of this in historical academic studies during economic depressions, here and otherwise. Once the economic system fragments, people figure out other things, in the old days, barter, for example. Or crime. In the future the NYSE and NASDAQ will likely continue to operate, yet be utterly irrelevant to maybe 99.999% of the population, who will consider craigslist, uber, or some new startup that doesn't exist to be the real "the market". (edited to add, I really screwed up the above paragraph by failing to mention the NYSE will never go away, much like the once universal giants of the past, gold trade still goes on, fur trade, spice trade, virtually everything but the slave trade keeps right on running, just no longer important to much of anyone anymore) Anyway the point is a good long term place for a startup to be is post-business as usual. As per the famous gawker article, startups trying to replace "mom" for rich coastal yuppies are very popular, but the future is likely owned by a startup that replaces the existing commodity trading system for most people, or replaces retail, or replaces package delivery or ...

Animats 11y ago
"the NYSE will never go away" It went away years ago, after a merger with Euronext and a few more mergers. The parent company, ICE, is in Atlanta and owns 23 exchanges. The NYSE trading floor is a stage set now. There are still some people there, but they're using computers. The webcam feed is no longer available. Here's a picture of the NYSE trading floor from June 2015:[1] It's now a quiet co-working space for traders. One guy on a tablet, a few on desktops, two people talking, one walking, many empty seats. That's the NYSE today. All the real action happens inside several data centers in New Jersey. [1] https://usatmarkets.files.wordpress.com/2015/06/wall_street-6-2-15.jpg?w=1000&h=582 https://usatmarkets.files.wordpress.com/2015/06/wall_street-...
eli_gottlieb 11y ago
>Its highly likely crony capitalism as we know it will never end and income wealth inequality will increase until almost no one owns everything, Anything that can't continue indefinitely, won't.