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by dinkumthinkum 3734 days ago
What you're saying doesn't make sense. Again, your position ignores scarcity and act as if economics is something like a "big bad boogey man" cooked up or something weird like that.

The steel foundry example is interesting. Does it have an infinite amount of raw materials? Is it utilizing a perpetual energy machine?

To me this like if the professor asks the class "where does the electricity in your class come from?" and the students respond "The socket!"

1 comments

"Where does ownership come from class?"

"The socket!"

Of course that is silly, but sweat of the brow gets a little hypothetical when you start talking about piling up billions of dollars (probably even less than that). Should we pay the people that are rich today a larger share of the benefits of automation out of nothing more than a commitment to tradition?