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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?


To: bentway who wrote (865634)6/16/2015 4:23:11 PM
From: i-node  Read Replies (1) | Respond to of 1576164
 
>>What's going to change capitalism is robots owned by the wealthy producing all the stuff we need and want 24/7/365, but with no one able to buy it, because too few of them have jobs.

It is a huge problem, and one that is already creating hell for a lot of people. As Jobs told Obama,those jobs aren't coming back. He wasn't just talking about China. He realized that our country will not have full employment again in most of our lifetimes.

We have failed to adapt to a technological revolution predicted by Richard Feynman in 1959 when he talked about "Tiny Machines." We're 50 years down the road still doing the same idiotic economics as we were 70 years ago. The same rules don't apply.

We are going to have to figure out how to get unskilled, uneducated people up to speed. I have many friends who work in the forest products industries and they have no idea that industry is dying. But it is.



To: bentway who wrote (865634)6/16/2015 6:48:56 PM
From: tejek  Read Replies (3) | Respond to of 1576164
 
What's going to change capitalism is robots owned by the wealthy producing all the stuff we need and want 24/7/365, but with no one able to buy it, because too few of them have jobs.

Yeah, that's a much bigger problem.

What I meant is that American capitalism leaves too many people out of the loop. For a first world nation, we have too many poor people.