Redistributing wealth may be all that staves off collapse

San Francisco Chronicle ^ | March 20, 2015 | Robert Reich

[artichokegrower]

It’s now possible to sell a new product to hundreds of millions of people without needing many, if any, workers to produce or distribute it.

At its prime in 1988, Eastman Kodak, the iconic American photography company, had more than 145,000 employees. In 2012, Kodak filed for bankruptcy.

The same year Kodak went under, Instagram, the world’s newest photo company, had 13 employees serving 30 million customers.

[cherry]

the public sector is what is killing us all....

every govt worker has a good wage, sometimes GREAT wages for simple work, the best of benefits, never can get fired for anything and then can retire and collect nearly their entire salary plus can get dibs on other govt jobs so they can eventually double dip their outrageous pensions....

[editor-surveyor]

.
Redistribution is what got us into trouble in the first place.

.

[cherry]

what's the difference in the entitlements and the govt workers who's wages/bennies/pension are far out pacing private work.....Both groups are getting money far and beyond what they contribute in many instances...

so who is the average private sector worker,most who do not work for big companies with lavish payouts, supposed to be mad at?....

I'm mad at both groups.....the gimedats get a relative pittance compared to some glorified secretary in Wash DC....

[cherry]

speaking of companies and pensions....when a private sector company goes bust, the pension obligations go bust as well for the most part....

but the GOVT workers never have to worry about that....

the Govt has the golden touch because they can run an unsustainable business and loose trillions and still not have to shred a worker or a pension or anything....what a country...

[tbw2]

At which point we see true Luddite-ism. Ban the robots so people don’t starve.

[combat_boots]

Ah yes. Redistribute what Reich and his masters tell you...just not theirs.

[Reeses]

About the time there is little need for much human labor it will be possible for someone in their basement to 3D print a modified mumps virus to sterilize billions of people. Some unemployed environmentalist or other libtard, sentient computer needing more energy, or other enemy will put a hopefully peaceful end to the growing population of useless eaters. Failing that, the usual method of reducing an unwanted human population is war.

[Publius]

Have you read Inferno by Dan Brown? He covers that idea.

[Reeses]

I’ll check out Inferno. The wiki cliff notes on it look interesting!