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To: rbg81
Technology is a huge transformative force that can not only displace jobs but can effect huge displacements in the economy, that is, in the system itself. If stuff will be made in the future by robots not only will they replace dozens, scores perhaps hundreds of people but the robot will be very expensive and that will require a concentration of capital. So the robot tends to put wealth in single hands and access to robots will tend to be limited to those with access to capital.

The more capital the more robots the more robots the more wealth etc. One can foresee a system in which access to the means of getting wealth becomes more and more exclusive. This is to be distinguished from software development such as Facebook or Google but might include places where Amazon is going with huge plants thoroughly robotized producing millions of actions a day.

As wealth becomes more and more concentrated through technology, expect leftists to offer solutions and none of them will be built around liberty.


31 posted on 08/22/2015 8:07:21 AM PDT by nathanbedford ("Attack, repeat, attack!" Bull Halsey)
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To: nathanbedford

Kurt Vonnegut wrote a book called “Player Piano” in the early 1950s that uncannily predicted where we are going.

And, yes, the capital barrier to software development is low. However, that is not immune to automation either.


32 posted on 08/22/2015 8:16:26 AM PDT by rbg81 (is pr)
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To: nathanbedford

Technology and advanced communications such as internet and cell phones has been concentrating wealth while it eliminates lots of middle class and lower class jobs. Its called the winner take all economy and we are moving in this direction. The guy who owns uber is worth a billion while a million US taxi drivers and limo will see their earnings cut

Rise of the Robots: Technology and the Threat of a Jobless Future Hardcover – May 5, 2015
http://www.amazon.com/Rise-Robots-Technology-Threat-Jobless/dp/0465059996/ref=sr_1_1?ie=UTF8&qid=1440257200&sr=8-1&keywords=rise+of+robots


35 posted on 08/22/2015 8:25:24 AM PDT by dennisw (The first principle is to find out who you are then you can achieve anything -- Buddhist monk)
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