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To: Haim R. Branisteanu who wrote (78255)8/2/2003 5:07:26 PM
From: skinowski  Read Replies (3) | Respond to of 209892
 
Haim, imagine a situation where, let's say, we have a breakthrough in Artificial Intelligence and we build robots that are inexpensive - and so advanced that they can effectively satisfy most of our material needs. They can, let's say, manufacture cheaply and quickly most of the widgets we desire. They can do our agriculture and they can even sing cowboy songs.

Question: What happens with the economy under such circumstances? Is it possible to have a healthy economy where manufacturing is but a minor part?

Doesn't growing productivity lead us inevitably to a world where overcapacity will be the norm?