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by vonwoodson 1428 days ago
Greed knows no bound. Today we are more productive than we have ever been because of technology advances over the last 200 years. Yet, when a machine is invented that cuts labor by 50%, we don’t continue to pay two men a full salary and let them come in to work half as often… we lay one off.

I was talking to a Romanian who said to me “When we were communist, we had plenty of money but nothing to buy. Now we have to buy everything but have no money.” Apparently, there is nothing in the middle.

I don’t hold out much hope that AI, basic income, or anything as all can save us from ourselves.

1 comments

At this point I now realize why Star Trek had a whole mid-twentieth century war to shake up society - without anything to destabilize things the wealth will continue to concentrate in those with the greatest ability to take advantage of technological changes. The information age has shuffled the people who rise to the top a bit, but that's really it.