Re: Artificial Intelligence (AI) will Destroy Capitalism!
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Dec 29, 2016
Aside from the fact that these do not work, and mostly never have, the biggest problem is the world is changing in ways that make the old economics impossible.
IMHO, the biggest change is automation, which has destroyed far more jobs than immigrants ever thought of taking. For example, if you go to the study "The Future of Employment: How susceptible are Jobs to Computerisation?", you find this:
(Quote)
According to our estimate, 47 percent of total US employment is in the high risk category, meaning that associated occupations are potentially automatable over some unspecified number of years, perhaps a decade or two.
(End quote)
Tell that to Bill Gates
On 12/29/16, T.E.C. - Iowa wrote: > As Donald Trump becomes president, many conservatives are > arguing that the Trump policies will get the economy going > again. That policy would be the old conservative ideas of > tax cuts for the rich and deregulate the economy. > > Aside from the fact that these do not work, and mostly never ...See More
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