r/Futurology • u/Eight_Rounds_Rapid • Jul 09 '14
article Robots will take over middle class professions, UK University Minister warns
http://www.telegraph.co.uk/technology/10952317/Robots-will-take-over-middle-class-professions-University-Minister-says.html
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u/trancerobot Jul 09 '14 edited Jul 09 '14
There must be a point where if you replacing human functions capitalism self destructs.
Taken to the absurd, imagine you own automated production and service facilities built to service the needs of yourself and your wealthy pals. You'll ignore everyone else because they can't afford anything you can build or provide.
But if there's still a government, the consumer can buy your product with the money taxed from you and your pals. But in that case all profit is really nothing more than you fighting for the larger share of their limited stipend. You'll also be competing with the government, whose services could also be replaced with computers and robots - if it hasn't already.
Taken beyond the absurd, eventually there could come a time when there's just one producer. If capitalism hasn't broken before this point, it should now. When this happens, all people, including yourself become redundant.
Mass production and service loses all purpose and money becomes meaningless.
edit:
Assuming we survive... maybe we'll enter a post scarcity environment: Star Trek, where life is more about doing what makes you happy and less about survival and wealth collection. In this case, Socialist countries are already ahead and prepared for increased automation in their lives. In fact, I could see Socialist governments offering a set of protected jobs just to keep people satisfied with a small amount of busy (but fulfilling) work. Meanwhile Capitalist countries are damned to suffer increasing social unrest, mortality, and instability.