SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?


To: smolejv@gmx.net who wrote (11383)11/26/2001 1:34:16 PM
From: Cogito Ergo Sum  Read Replies (1) | Respond to of 74559
 
.but then they keep producing things with their capital, nobody wants/can afford to buy
Again with the symptoms of productivity LOL

So do we get Logan's Run ? where we all accept a quiet do nothing life culminating in euthanasia at 30 (very 60's LOL) , Man I had a crush on that Jenny Augutter (Australian isn't she ?)

or Blade Runner where the clones try to come back to bite the capitalists in the a$$ LOL

regards
Kastel



To: smolejv@gmx.net who wrote (11383)11/26/2001 8:12:09 PM
From: Moominoid  Read Replies (2) | Respond to of 74559
 
The question is how far redistribution would go under extreme versions of this scenario.... How far it would be resisted what all those people with unaccustomed leisure would do with themselves etc. As I see it technological change in its existing guise works to save labor mainly because the owners and managers of capital don't want to employ workers because they cause trouble. That's why economic growth is required to keep up employment and wages in face of the inexorable reduction in the demand for labor.