DC Tom Posted December 17, 2015 Posted December 17, 2015 It may, it may not. What's significant in this is that for once, we are experiencing polite disagreement. And stop it immediately! You can't not fight in here, this is the war room!
B-Large Posted December 17, 2015 Posted December 17, 2015 People need to stop pumping out so many kids. We already have a surplus of unneeded human capital, and I know this because much of it is employed at hospitals....
B-Man Posted December 17, 2015 Posted December 17, 2015 Mr. President............I'm not saying we wouldn't get our hair mussed.............. "Uh, depending on the breaks "
Tiberius Posted December 17, 2015 Posted December 17, 2015 People need to stop pumping out so many kids. We already have a surplus of unneeded human capital, and I know this because much of it is employed at hospitals.... We have that covered! http://www.businessinsider.com/ibms-watson-may-soon-be-the-best-doctor-in-the-world-2014-4
Azalin Posted December 17, 2015 Posted December 17, 2015 (edited) And stop it immediately! You can't not fight in here, this is the war room! Well said, President Muffley! That's one of my all-time favorite movies. Edited December 17, 2015 by Azalin
Nanker Posted December 17, 2015 Posted December 17, 2015 Skilled trades will continue to stock the middle class. Manufacturing jobs in assembly lines making commoditized products will continue to be replaced by robots where it makes economic sense. It's all a matter of scale. We've seen the world become literally a global marketplace. Jobs in various market places will still be needed. Retail drove the American economy in the 70s. It might again.
TPS Posted December 17, 2015 Author Posted December 17, 2015 I don't see how this portends the end of capitalism. It certainly portends the end of many repetitive standardized jobs that will be done by humans, and yes there will continue to be periodic upheavals, but it's a bit premature to call an end to capitalism. The life of Wall-E is coming upon us. AS the author suggests, there will have to be a basic income paid to those who can't find work in the private sector, otherwise there will be insufficient demand for goods, and a growing populace of the discontent. Government would have to play a larger role in ensuring basic incomes and sufficient demand, significantly more so than it does today. We are already somewhat socialist in that government spending ensures a $3 trillion flow of revenues to businesses directly (via defense spending, etc), and indirectly via income transfers which is spent at Walmart, etc...
4merper4mer Posted December 17, 2015 Posted December 17, 2015 AS the author suggests, there will have to be a basic income paid to those who can't find work in the private sector, otherwise there will be insufficient demand for goods, and a growing populace of the discontent. Government would have to play a larger role in ensuring basic incomes and sufficient demand, significantly more so than it does today. We are already somewhat socialist in that government spending ensures a $3 trillion flow of revenues to businesses directly (via defense spending, etc), and indirectly via income transfers which is spent at Walmart, etc... Load of Titans interim coach.
DC Tom Posted December 17, 2015 Posted December 17, 2015 AS the author suggests, there will have to be a basic income paid to those who can't find work in the private sector, otherwise there will be insufficient demand for goods, and a growing populace of the discontent. Government would have to play a larger role in ensuring basic incomes and sufficient demand, significantly more so than it does today. We are already somewhat socialist in that government spending ensures a $3 trillion flow of revenues to businesses directly (via defense spending, etc), and indirectly via income transfers which is spent at Walmart, etc... Yeah, I read that Heinlein novel too. http://www.amazon.com/gp/product/B000FC0X9Q/ref=dp-kindle-redirect?ie=UTF8&btkr=1
Chef Jim Posted December 18, 2015 Posted December 18, 2015 Oh !@#$ off. People need to stop pumping out so many kids. We already have a surplus of unneeded human capital, and I know this because much of it is employed at hospitals.... And restrict the flow of unskilled labor streaming across from our southen border.
3rdnlng Posted December 18, 2015 Posted December 18, 2015 In other news, all that Fed money printing has caused oil prices to hit $35 a barrel... Do you honestly believe that is the reason for lower oil prices?
TPS Posted December 18, 2015 Author Posted December 18, 2015 Yeah, I read that Heinlein novel too. http://www.amazon.com/gp/product/B000FC0X9Q/ref=dp-kindle-redirect?ie=UTF8&btkr=1 I don't know about Heinlein, but I've read Marx and Keynes... Do you honestly believe that is the reason for lower oil prices?
unbillievable Posted December 18, 2015 Posted December 18, 2015 This isn't the end of work. This is the end of people who are too stupid to do anything but manual labor. FYI: they said the same thing when they invented the sewing machine. Now people are willing to pay more for flawed "handmade" clothes. AS the author suggests, there will have to be a basic income paid to those who can't find work in the private sector, otherwise there will be insufficient demand for goods, and a growing populace of the discontent. Government would have to play a larger role in ensuring basic incomes and sufficient demand, significantly more so than it does today. We are already somewhat socialist in that government spending ensures a $3 trillion flow of revenues to businesses directly (via defense spending, etc), and indirectly via income transfers which is spent at Walmart, etc... How is money used by a poor person create more demand than one used by a rich person?
Chef Jim Posted December 18, 2015 Posted December 18, 2015 Do you honestly believe that is the reason for lower oil prices? No I think he's saying that all that printer money was going to cause inflation which obviously hasn't haopened because oil is $35. Now mind you that's only what I think he's saying.
3rdnlng Posted December 18, 2015 Posted December 18, 2015 No I think he's saying that all that printer money was going to cause inflation which obviously hasn't haopened because oil is $35. Now mind you that's only what I think he's saying. We all know that the price of oil has a major affect on the price of a variety of items. The price of oil went down because of supply and demand. I really don't think that the fact that the price went down supports his prior contention that printing more money won't cause inflation.
Azalin Posted December 18, 2015 Posted December 18, 2015 I don't know about Heinlein, but I've read Marx and Keynes... Further proof that people generally fall into two categories: readers of sci-fi, and readers of fantasy.
Tiberius Posted December 18, 2015 Posted December 18, 2015 Do you honestly believe that is the reason for lower oil prices?
GG Posted December 18, 2015 Posted December 18, 2015 AS the author suggests, there will have to be a basic income paid to those who can't find work in the private sector, otherwise there will be insufficient demand for goods, and a growing populace of the discontent. Government would have to play a larger role in ensuring basic incomes and sufficient demand, significantly more so than it does today. We are already somewhat socialist in that government spending ensures a $3 trillion flow of revenues to businesses directly (via defense spending, etc), and indirectly via income transfers which is spent at Walmart, etc... Still doesn't spell the end of capitalism. How else is the government going to generate revenues to pay the entitlements? If the government squeezes the productive economy, the capital will simply flee to where there's less friction.
Tiberius Posted December 18, 2015 Posted December 18, 2015 Still doesn't spell the end of capitalism. How else is the government going to generate revenues to pay the entitlements? If the government squeezes the productive economy, the capital will simply flee to where there's less friction. If everything is free, there would be no need for entitlements
TPS Posted December 18, 2015 Author Posted December 18, 2015 Further proof that people generally fall into two categories: readers of sci-fi, and readers of fantasy. That was good.
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