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by xhrpost 121 days ago
I don't see how the rich don't understand this. Guess they just think it won't happen to them and they'll be smart enough to cash out of America and go elsewhere before everyone else looses.
3 comments

They think the robots will soon be good enough to replace the human workers.

Including the security roles that ensure the unemployed workers don't forcefully express their dismay at being redundant.

It seems like we are long way from robots building robots. So they need humans. Maybe the last people with jobs will be building that first generation of robots that still need humans.
> It seems like we are long way from robots building robots.

I think it's very possible some of these folks have convinced themselves otherwise, and have largely eliminated the folks who'd say "you fucking idiot, no" from their lives over the decades.

Would you rather be a billionaire in a world of millionaires, or a millionaire in a world of penniless peasants? What we're seeing now is the billionaires' answer to this question.
They know. That’s why they’re investing in things like land and building castles. They know the future they’ve designed. They’re already laying the foundation needed to win total power.