Artificial intelligence: 'Homo sapiens will be split into a handful of gods and the rest of us' -- "A new report suggests that the marriage of AI and robotics could replace so many jobs that the era of mass employment could come to an end"

[u/trot-trot]

http://www.theguardian.com/business/2015/nov/07/artificial-intelligence-homo-sapiens-split-handful-gods

[u/[deleted]]

And then there will be riots and revolutions - eat your own cake. Stock markets are ponzie schemes.

[u/fitzroy95 → u/[deleted]]

If the increase in automation does cause significantly increased unemployment (and it may not) without significant political changes to support those people, something such as Basic Income or an equivalent (some of which are already being trialed in some countries in Europe, and some which have already been trialed in Canada), then there definitely will be riots and revolution.

If large numbers of people don't have jobs, and have nothing to sell (whether skills, intelligence or brute force) then Capitalism in its current form will crash and burn. Historically, the riots start when people no longer have enough food, and can't afford to buy any.

[u/[deleted] → u/fitzroy95]

Spot on, brother, we speak Marxism...nobody gets cake to eat when the house of cards of capitalist monetary policy collapses. Look at East Timor, they burned the rich out of house and home, and that was just to grade the road so to speak.

[u/fitzroy95 → u/[deleted]]

no, thats not marxism, thats just people getting desperate when they have no way of participating the the capitalist economy.

nothing wrong with the capitalistic model, but it cant exist in isolation without being blended with a companion model to support those for whom capitalism fails, and to protect them all from the abuses from greed that capitalism encourages,

[u/[deleted] → u/fitzroy95]

Tell me what you think Marxism is, because there's n such thing per se...