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by kefka 3571 days ago
Capitalism, the economic theory as posited by Adam Smith in "The Wealth of Nations" fails when stuff approaches infinity.

We already have a taste of it with the internet, where it's 'Create once, share everywhere'. The idea of scarcity is forced via legal tools, where scarcity means little.

And now, with cheap solar, leads to cheap/free energy. And robots are creating more and more goods. And we're on the cusp of a level 4 vehicle automation systems. As this trend continues, many things will approach 'infinity' the same way they do already online.

What does that mean? It means that people could have the requirements of life provided as a citizenship right: food, water, shelter, electricity, internet, plus a bit more. Unlike the older socialism and communism systems, that required people be slaves to the state and work in prescribed manners, robots and computers could be the provider of these essential resources.

And that starts looking at post-capitalism systems. Would there be money? Of course. Some resources would still be rare. But this idea of "go to work so you can eat and survive" would no longer be hanging over people's heads like a guillotine.