Re: We’re doomed
Dear codejunky,
"Lets assume all jobs get taken and humans have no work. Then everything is free. It is a world of abundance where our every need and desire is catered for."
Can you please elaborate on 'Then everything is free' from the statement above.
When 'all jobs get taken and humans have no work', the economy still needs raw materials, energy, manufacturing, etc. to run. All of those belongs to the capital (in Labor vs. Capital sense).
The humans however 'have no work', meaning they do not have much to offer to the capital in exchange for the goods and services.
So the capital, i.e. those mighty 1% of the world population (or whatever percentage to consider in 80/20 rule, or 'rich-get-richer' phenomenon, or Pareto principle, or 'preferential attachment', etc.), has very little incentive to share the 'a world of abundance where our every need and desire is catered for' with the rest 99% of humans.
Looking forward for your kind response, Maximus.
Biting the hand that feeds IT
