How do current economics work in a scenario that automation put the majority out of jobs or out of the buying power to consume more stuff? The tax base of most countries would dramatically shrink, and how do you reach the scale of massive production if only the richest 1% can afford more stuff (robots, bigger houses, ...) ?
The scary way to channel that automated 24/7 production would be then via a war economy and wars...
That's why the political power needs to step up, to avoid this happening (of courses this is all utopian because who expects the political power to do that?)
How do current economics work in a scenario that automation put the majority out of jobs or out of the buying power to consume more stuff? The tax base of most countries would dramatically shrink, and how do you reach the scale of massive production if only the richest 1% can afford more stuff (robots, bigger houses, ...) ?
The scary way to channel that automated 24/7 production would be then via a war economy and wars...
That's why the political power needs to step up, to avoid this happening (of courses this is all utopian because who expects the political power to do that?)
https://substack.com/@1cavalry/note/c-125222767?r=a904&utm_medium=ios&utm_source=notes-share-action