Automation, not immigration, is the real jobs threat — but only in unregulated capital markets.
IF an economic system would be designed for equitable distribution of those productivity gains (wealth creation) and the resulting increased leisure time, automation could potentially be a tremendous social good that benefits everyone with greater wealth and more free time to enjoy it in.
But for this to occur successfully, public administration in economic oversight is required, either in the form of significant public oversight of private capital markets or some degree of socialization or some combination. When the productive resources and the wealth they create are concentrated in the hands of a very few very rich elitists in an unregulated capital market, automation is what further concentrates and cements their economic and political power, exponentially increases inequality and the wealth gap and, ultimately, this is where the struggle for greater income equality must receive greater attention.
Automation has been a bane and threat since the first Luddites who saw new machines as a threat to their livelihoods.
Trump has plenty of contradictions. One being he’s against Science which for a Strong Man means no more high-tech machines. No robot armored warriors to do most of the killing by 2030. The American Empire is ever expanding. We have 70,000 special forces soldiers at any one time in over 100+ countries world wide most recently in huge continent of Africa and its 58 current nations.
The redistribution of the wealth upwards has been a deliberate act to low ball workers here after using low paid foreign workers to damage our information, labor and education train.
Karl Marx:
“If the whole class of the wage-labourer were to be annihilated by machinery, how terrible that would be for capital, which, without wage-labour, ceases to be capital!”
This smugly circular quote that fingers capital’s counterintuitive enslavement to labor+ is taken from the 1847 essay “Wage Labour and Capital”, a twenty-year precursor and prefiguring of Das Capital; it speaks to the awkward and venerable slow-dance between Labor and the Boss-man, specifically the latter’s unswerving determination to exploit surplus value until it ends in the annihilation of all parties.
RonnieAThompson Premium Member almost 6 years ago
Marmaduke whines?
Durak Premium Member almost 6 years ago
Dunlap, from Ink Pen just called. He’d like a word with you.
DD Wiz Premium Member almost 6 years ago
Automation, not immigration, is the real jobs threat — but only in unregulated capital markets.
IF an economic system would be designed for equitable distribution of those productivity gains (wealth creation) and the resulting increased leisure time, automation could potentially be a tremendous social good that benefits everyone with greater wealth and more free time to enjoy it in.
But for this to occur successfully, public administration in economic oversight is required, either in the form of significant public oversight of private capital markets or some degree of socialization or some combination. When the productive resources and the wealth they create are concentrated in the hands of a very few very rich elitists in an unregulated capital market, automation is what further concentrates and cements their economic and political power, exponentially increases inequality and the wealth gap and, ultimately, this is where the struggle for greater income equality must receive greater attention.
Night-Gaunt49[Bozo is Boffo] almost 6 years ago
Automation has been a bane and threat since the first Luddites who saw new machines as a threat to their livelihoods.
Trump has plenty of contradictions. One being he’s against Science which for a Strong Man means no more high-tech machines. No robot armored warriors to do most of the killing by 2030. The American Empire is ever expanding. We have 70,000 special forces soldiers at any one time in over 100+ countries world wide most recently in huge continent of Africa and its 58 current nations.
The redistribution of the wealth upwards has been a deliberate act to low ball workers here after using low paid foreign workers to damage our information, labor and education train.
Karl Marx:
“If the whole class of the wage-labourer were to be annihilated by machinery, how terrible that would be for capital, which, without wage-labour, ceases to be capital!”
This smugly circular quote that fingers capital’s counterintuitive enslavement to labor+ is taken from the 1847 essay “Wage Labour and Capital”, a twenty-year precursor and prefiguring of Das Capital; it speaks to the awkward and venerable slow-dance between Labor and the Boss-man, specifically the latter’s unswerving determination to exploit surplus value until it ends in the annihilation of all parties.