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Economy Title: Stephen Hawking Says We Should Really Be Scared Of Capitalism, Not Robots "If machines produce everything we need, the outcome will depend on how things are distributed."Machines won't bring about the economic robot apocalypse -- but greedy humans will, according to physicist Stephen Hawking. In a Reddit Ask Me Anything session on Thursday, the scientist predicted that economic inequality will skyrocket as more jobs become automated and the rich owners of machines refuse to share their fast-proliferating wealth.
Essentially, machine owners will become the bourgeoisie of a new era, in which the corporations they own won't provide jobs to actual human workers. As it is, the chasm between the super rich and the rest is growing. For starters, capital -- such as stocks or property -- accrues value at a much faster rate than the actual economy grows, according to the French economist Thomas Piketty. The wealth of the rich multiplies faster than wages increase, and the working class can never even catch up. But if Hawking is right, the problem won't be about catching up. It'll be a struggle to even inch past the starting line. Poster Comment: The rich get richer and the poor get poorer. Post Comment Private Reply Ignore Thread Top • Page Up • Full Thread • Page Down • Bottom/Latest Begin Trace Mode for Comment # 44. The American Dream, 1950: I'm going to work hard, and one day I'm gonna be rich, too. The American Dream, 2015: How can I get the government to force that rich guy into giving me his money?
#2. To: misterwhite (#1) Screw the rich guy... He's the Free Traitor who downsized & outsourced the American Dream to Third World nations, and undermined what was left with cheap H1-B & illegal immigrant labor.
#4. To: Willie Green (#2) "Screw the rich guy... He's the Free Traitor who downsized & outsourced the American Dream to Third World nations, and undermined what was left with cheap H1-B & illegal immigrant labor." He did it because of US unions, federal taxes, EPA and OSHA regulations, our out-of-control tort legal system, minimum wage laws, anti-discrimination laws, affirmative action, cost of ADA, cost of providing healthcare, cost of paid family leave, and a hundred other obstacles that liberals like you have placed in their way. Fine. Pass your stupid laws and regulations if it makes you feel like you're "doing something" for the worker. But wave goodbye to American jobs. Now you want to tax their accumulated wealth? Then prepare to wave goodbye to "the rich" as they leave the US. As they did in France.
#16. To: misterwhite (#4) Fine. Pass your stupid laws and regulations if it makes you feel like you're "doing something" for the worker. But wave goodbye to American jobs. Agreed. The only things valued in America now is our ideas and workmanship. Once the idea is established and the process decided, the wealthy owner has the ability (and incentive - thank you Congress!) to move the production to somewhere more convenient. The quality aspect can be contained in several ways, and one way is to tell the consumer that they have little choice since all the other competing products are coming from the same region, so "suck it". If it works for Apple, it can work for everyone. The problem isn't wealth accumulation, it is the laws that and regulations that allow the wealthy to shift where the workforce is. The Germans know what is really going on - “Most business models for low-skilled workers will only be profitable if the wage for unskilled labour falls,” he said.
Hans-Werner Sinn, president of Ifo Institute in Munich, Germany
#21. To: TheFireBert (#16) "it is the laws that and regulations that allow the wealthy to shift where the workforce is." If they didn't, we'd have more working here. But the prices we would pay for goods previously imported would be 2-5 times what we're paying now. Personally, I don't want to pay double for the same products just so some union thug can earn $80 an hour in salary and benefits and retire at 55.
#39. To: misterwhite (#21) Personally, I don't want to pay double for the same products just so some union thug can earn $80 an hour in salary and benefits and retire at 55. We are still on the same page here. I figure prices might jump if businesses were given less incentive to move, but many *future* benefits might outweigh the increased costs. For one, wages could rise to meet the decrease in global competition for potential jobs given to American workers. That in itself would raise prices short term, but many would agree that the market could stabilize quickly given the consumer's want for cheaper goods. This was always a market feature. The current atmosphere for greed plus the easy availability of cheaper workers abroad and dirt cheap shipping have allowed companies to rake in out-sized profits at the expense of the American worker. With rising availability of jobs is the chance for greater economic driven wealth from the bottom up. The current system is well designed to move money from the bottom to the top, but intentionally rigged to keep the money at the top. Congress doesn't just have the power to prevent this; it has moved to keep the system in place. Without Congress' meddling, much of the wealth would have remained onshore. Congress is the one that made the hole in the bucket, with the bucket being the U.S. economy, and every year Congress goes back to that bucket to see which regulation, law, export control, or other bug it can rig to make that hole wider. Congress has also strengthened the positions of the unions into a force to be reckoned with. Whenever you have a force of taxpayer fed largess that cannot be removed due to union rules and protection, no matter the well intended reasons, it is Congress who is to blame. I didn't see the right to un-gainfully employed anywhere in the Bill of Rights.
#42. To: TheFireBert (#39) "The current atmosphere for greed plus the easy availability of cheaper workers abroad and dirt cheap shipping have allowed companies to rake in out-sized profits at the expense of the American worker." Has that happened? Seems to me those savings are being passed on to the consumer. I could be wrong. Do you have any examples of U.S. manufacturers reporting outrageous profits? "it is Congress who is to blame." We agree. Congress enacted the laws taxing corporations, imposing stifling EPA, IRS and OSHA regulations, out-of-control (consumer and employee) lawsuits, hiring mandates, workplace "rules" and healthcare costs and other employee benefits. Add unions to that mix and it's no wonder American companies are moving offshore. Now, to fix the problem they created, there's talk of import tariffs to "level the playing field".
#43. To: misterwhite (#42) (Edited) We agree. Congress enacted the laws taxing corporations, imposing stifling EPA, IRS and OSHA regulations, out-of-control (consumer and employee) lawsuits, hiring mandates, workplace "rules" and healthcare costs and other employee benefits. Add unions to that mix and it's no wonder American companies are moving offshore. Amen... well said. Yet the forum agenda posting libtards won't understand any of that because they hate the rich, libtardlly labeled as "elites". A label designed to get you to hate those that use capitalism to succeed.... and leave the unmotivated poor (who depend on socialism) to be felt bad for.
#44. To: GrandIsland (#43) (Edited) they hate the rich, libtardlly labeled as "elites". A label designed to get you to hate those that use capitalism to succeed.... You remain clueless as to who the elites actually are. "In the beginning, the Council on Foreign Relations was dominated by J.P. Morgan. It is still controlled by international financiers. The Morgan group gradually has been replaced by the Rockefeller consortium. It is the most powerful group in America today. It is even more powerful than the federal government, because almost all of the key positions in government are held by its members. In other words, it is the United States government." - G. Edward Griffin in his book "The Creature from Jekyll Island: a second look at the Federal Reserve" The Pindar is represented by the gold cap on the pyramid. The next layer, or "eye", on the pyramid represents the 13 ruling families. They are as follows:
Each of the 13 ruling families is given an area of the Earth and/or a particular function to fulfill on the Earth. These particular functions include global finances, military technology/development, mind-control, religion, and media. "The CFR (Council on Foreign Relations), established six years after the Federal Reserve was created, worked to promote an internationalist agenda on behalf of the international banking elite. Where the Fed took control of money and debt, the CFR took control of the ideological foundations of such an empire - encompassing the corporate, banking, political, foreign policy, military, media, and academic elite of the nation into a generally cohesive overall world view."- Carroll Quigley in his book "Tragedy and Hope"
Replies to Comment # 44. They also know that there are really 13 Zodiac signs, not the commonly acknowledged 12. They have kept the 13th hidden for centuries because it is the sign of the Dragon Lmfao... stuff some lithium in that pie hole, swallow it down with water... pour your kook-aid out and get some rest. You're one sick puppy.
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