Millennials Lean Socialist
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I don't see capitalism working much longer because of AI. We have to have a system where we all share the fruits of life with more equality. With capitalism shifting wealth to the ever biggest capitalist, how will s/he continue to profit?? When they have it all will THEY just let the rest of us die?? Or make millions of slaves to .... do what? In Star Wars, they had "credits", not money. I don't know how they earned them, but, if all the money goes to the few, and robots do all the work, what in hell are the rest of us going to do? It seems money is on the way to being useless. For every capitalist there is another trying to destroy the competition and get more for him/her self! Screw the little people ... (that have no more money to buy). In another 20 years of AI development (if we survive Trump), what are millennials going to do for a living? They've GOT to lean in another direction. Hopefully, it's DS. 1
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Thanks so much for your insight! I have pondered the exact scenario. I am a big fan of Free Market and I still defend rewarding the The motivated and the innovative. I think National Socialist had it pretty well tweeked but any type of socialism is better than Wild West capitalism. I hope people like you and I can continue to mull this stuff! Stay tuned! 1
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I like the idea that capitalism shifts over with the advent of AI and automation in general, but don't think it even gets close to guaranteeing the possibility. I wouldn't be very surprised if we go extinct before we let go of capitalism. No matter how much value is derived of self-sustained automation, you can always make a bit more by putting a lower class to work. It doesn't even need to be in service of the rich. Could be in the name of progress. Or even some novelty service only humans can provide at that time. We've had enough food to feed the masses for a while now after all. 1
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Hi, Al. With capitalism shifting wealth to the ever biggest capitalist, how will s/he continue to profit?? When they have it all will THEY just let the rest of us die?? Or make millions of slaves to .... do what? Your premise is predicated on the (erroneous) premises that wealth distribution is zero sum (that there is a limited supply), and that the distribution is permanent.
Wealth is constantly being created by the labor and innovation of individuals. If one person owned all the wealth at one point, and never lost any of it, more wealth would be created by all the other people, and distributed among them. Additionally, who is in the top one percent is constantly changing. For example, the vast fortunes of the Rockefellers and Vanderbilts have dissipated and declined, and within the last 30 years, the fortunes of Gates, Bezos, and Trump have been built. For that matter, the Saud fortune is less than eighty years old. The Hapsburg fortunes are just plain gone. You may be correct. You may be "erroneous". We will see, won't we? Well, maybe YOU will. The damage will likely not show up until after I'm gone. Good luck. You just as well may find I was right. We went through this before with those "Vanderbilts" (Who my mother told me I was related to .. doubtful.), and Rockefellers. What we had was an oligarchy ... and bread lines. I live within 20 minutes of the "fruits" of that era. A Republican (likely the last good one) ... T.R. shut them down and brought back democracy! Republicans since Reagan are leading U.S. back to "their good ol' days". Anyone who thinks THAT is good ... is erroneous. 1
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Many do. This seems to be the result of being a generation with radically extended adolescence and childhood. They are generally provided for by their parents for 8 to 10 years longer than previous generations. It is only natural that they would look to the government to indefinitely extend their protection from the rigors and risks of self-reliant adulthood. |
