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- Dec 15, 2012
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it already does scale up perfectly. We have had new inventions for 250 years now and we have 96% employment. The idea of basic living expenses because of inventions is utterly liberal submoronic, just another liberal welfare scam to buy votes
You're missing the point. Past technological advances created as many new jobs as they obsoleted. Those jobs may have required different skillsets but there wasn't a net decrease in the job pool.
Large scale automation - which includes machines that have the capability to repair themselves - has to potential to obsolete far more jobs than it would create. What do you do when you have 100,000,000 people capable of working but an economy that only need 20,000,000? That's the point.
PirateMk1 believes that can be compensated for by everyone becoming investors - owners in the enterprises that create all this automation. That may work but I don't know it guarantees an income from everyone.
This isn't a "liberal welfare scam." Large scale automation will potentially change society and economics completely. That's reality and whining about "liberal welfare scam" shows you're really not thinking through the ramifications here.