[Home] [Headlines] [Latest Articles] [Latest Comments] [Post] [Mail] [Sign-in] [Setup] [Help] [Register]
|
Status: Not Logged In; Sign In
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 # 7. 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.
#5. To: misterwhite (#4) Then prepare to wave goodbye to "the rich" as they leave the US. Good riddance.
#6. To: Willie Green (#5) Your ideals foster dependent sheep... and as the wealth leaves, it will leave you holding the sympathy bag. Have fun with them.
#7. To: GrandIsland (#6) "The problem with socialism is that you eventually run out of other people's money."
Replies to Comment # 7. To Willie, the definition of sympathy is spending another persons money to feel good about yourself.
End Trace Mode for Comment # 7. Top • Page Up • Full Thread • Page Down • Bottom/Latest |
|
[Home] [Headlines] [Latest Articles] [Latest Comments] [Post] [Mail] [Sign-in] [Setup] [Help] [Register]
|