[philipkglass]

If we reach that point I would prefer to see people vote for government to construct new automated production facilities and provide their benefits to the people. Rather like how I think that voters should be able to vote for a government owned power plant, sewage treatment plant, library, broadband provider, etc. but I don't think they should be able to vote to seize the nearest privately owned book store for conversion to a public library.

If you build public facilities in parallel there's no unjust seizure of existing assets. (Some people will complain that it's unfair to allow the government to do anything at all that could reduce the profitability of existing private assets, but I don't think that those people make up a prohibitive share of the population.)

[devoply]

With the amount of unused capital that is available in the system these days... I don't know why anyone would, anyone should be able to buy machines and build their own factory. It's just that those assets would not be growth assets. In fact if anything I would think investors would not be interested in investing in that sort of enterprise... as the returns are nominal so it makes sense for governments to run these sorts of things like utilities.