Not just great, but eventually necessary. Capitalism can’t outlast automation, increasingly automated production will eventually result in mass job loss and stagnation unless directed by society as a whole. It’s important to ensure this transition goes well and we learn from transitions of the past to not repeat their mistakes.
So which is capitalism? The world of Star Trek contains technology that has brought humanity (and other species) to a state of extreme abundance. They generate food from energy and they have almost infinite energy. The situation is so much better than the real world that probably any system would work just fine. One of the biggest reasons why we need to have economic systems is scarcity.
That’s what they thought of factorization as well, but it outlasted it just fine. Same thing will happen with more advanced forms of automation, but there will be growing pains certainly.
Capitalism is undeniably declining, though. Production is through the roof, but wages have stagnated with respect to that. Factorization in the sense of industrialization was never seen to go against Capitalism, rather, with the rise of factories came the rise in Capitalism.
Unless I’m misunderstanding your point, of course.
Additionally, the fact that one prediction was wrong does not necessitate that all predictions are wrong.
The amount of people living in extreme poverty was 94% in 1820. In 1981, it was 44.3%. In 2015, 9.6%. This effect is entirely due to Capitalism. Perhaps wages in the West have stagnated because people in other countries deserve those better wages more? Just a hunch, no data to back that one up, except these statistics.
This incredible success in saving people from horrible conditions might not continue, but the recent history has been pretty great.
There are socialist laws that govern and assist the poor everywhere in the world, so I would attribute the claim that “fewer people living in poverty” to socialism rather than capitalism; aside from that, those figures entirely depend on how poverty is defined.
Development did, not Capitalism. The countries that developed the most in the 1900s were the ones rejecting Capitalism in favor of some form of Socialism.
Do you think that people get richer when a group of people decide they have no rights of ownership and one person owns everything, or do you acknowledge that democracy and decentralization are good?
Not just great, but eventually necessary. Capitalism can’t outlast automation, increasingly automated production will eventually result in mass job loss and stagnation unless directed by society as a whole. It’s important to ensure this transition goes well and we learn from transitions of the past to not repeat their mistakes.
Basically we’re looking at the choice between Star Trek and Mad Max.
Pretty much, though Star Trek may look wildly different. There are many “good” outcomes, but none of them will be a continuation of Capitalism.
So which is capitalism? The world of Star Trek contains technology that has brought humanity (and other species) to a state of extreme abundance. They generate food from energy and they have almost infinite energy. The situation is so much better than the real world that probably any system would work just fine. One of the biggest reasons why we need to have economic systems is scarcity.
I thought it was obvious I meant Mad Max as the current future.
That’s what they thought of factorization as well, but it outlasted it just fine. Same thing will happen with more advanced forms of automation, but there will be growing pains certainly.
Capitalism is undeniably declining, though. Production is through the roof, but wages have stagnated with respect to that. Factorization in the sense of industrialization was never seen to go against Capitalism, rather, with the rise of factories came the rise in Capitalism.
Unless I’m misunderstanding your point, of course.
Additionally, the fact that one prediction was wrong does not necessitate that all predictions are wrong.
The amount of people living in extreme poverty was 94% in 1820. In 1981, it was 44.3%. In 2015, 9.6%. This effect is entirely due to Capitalism. Perhaps wages in the West have stagnated because people in other countries deserve those better wages more? Just a hunch, no data to back that one up, except these statistics.
This incredible success in saving people from horrible conditions might not continue, but the recent history has been pretty great.
There are socialist laws that govern and assist the poor everywhere in the world, so I would attribute the claim that “fewer people living in poverty” to socialism rather than capitalism; aside from that, those figures entirely depend on how poverty is defined.
Development did, not Capitalism. The countries that developed the most in the 1900s were the ones rejecting Capitalism in favor of some form of Socialism.
Do you think that people get richer when a group of people decide they have no rights of ownership and one person owns everything, or do you acknowledge that democracy and decentralization are good?