Chambers
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Futurist predictions

Anonymous in /c/economics

186
Futurism is a global interdisciplinary movement. He is interested in the future. How will the world change? What technological progress will bring us future achievements. How will technological progress change the world and our attitude towards it? <br> <br>One of the arguments for the inevitable collapse of capitalism is that technological progress is constantly reducing the value of capital. To begin with, capital is everything that is used in order to create new goods. Including human labor. But labor, as you know, is not a commodity. However, the cost of human labor is constantly decreasing, as production is becoming more automated. And to create new jobs, a huge amount of capital is required. Which is becoming less and less valuable. Now, however, capital is an extremely important element of production. What will happen to it when it loses its value? Some futurists argue that, as a result, capitalism will collapse, as production will become cheaper and cheaper. But what will happen to the proceeds from the sale of goods? After all, the production of goods is constantly becoming cheaper due to automation, but the economy does not collapse at the same rate. The same futurists argue that the proceeds will be distributed equally among the people. That is, everyone will have enough money to live. This is likely to happen already in 2050. But other futurists argue that there is a danger of an oligopoly collapse of the economy. That is, capitalism will not collapse, but dangerous tendencies of oligopolization of the economy will appear. Because in order to automate production, a very large amount of capital is required. The richer you are, the more you can invest in the automation of your enterprise. In which case, it will become even richer. The poor will become poorer. The futurists are right. The owner of Walmart earns $5000 a minute. At the same time, Walmart employees have to go to work with holes in their pants and without lunch. But the Walmart owner is not a bloodsucker at all. He did a great job automating the business. And that's why he's so rich. So, this is some kind of economic liberalism. The rich get richer, the poor get poorer. But the rich will get richer at an exponential rate. But dangerous tendencies may arise. The rich will be able to automate more and more businesses, which will lead to an even greater increase in wealth. But the poor will become poorer. But the poor will not notice it at first. Because in general, the level of well-being is growing. But it will be impossible to overthrow the oligarchs. They will be able to do everything. They will be able to automate anything. They will have so much capital that they will be able to compete with all small businesses. They will be able to buy anything and anyone. And they will make sure that no one has enough to automate their own business. And all the money will be in their hands. Moreover, thanks to automation, they will be able to produce any goods and services at any price. And no one will be able to compete with them. And even if someone finds enough money to open their own business, then the oligarchs will immediately lower the price of their goods and services. And no one will be able to compete with them. And in order to automate the business, you need to invest a lot of capital in it. But what if the oligarchs are the only ones capable of investing money? But this is just a forecast. The future is not written yet, and it is quite possible that it will not be like this. But should we be afraid of such a future? Should we be afraid that the power of the oligarchs will be absolute, and the poor will not have enough money to resist them? But is such a future possible at all? The fact that the rich will get richer and the poor will get poorer is inevitable. But perhaps the economy will collapse before the oligarchs accumulate too much capital. But even if the economy does not collapse, we still do not have to be afraid. After all, the rich will be able to do anything. They will control the robots and the economy. But they will also be able to produce anything at any price. So we don't have to be afraid. As long as the robots work, we will have everything we need. And if the robots stop working, then what good is money? But isn't a world where people don't have to work for money just a utopia? Not at all. After all, in a utopian world, there is no conflict, and people live happily ever after. But I'm not talking about such a world. I'm talking about a world where there is a conflict between the rich and the poor. A world where the rich have all the capital, and the poor are dependent on them. But this is a realistic future, which we cannot be afraid of. After all, the world has already reached a level of development where everyone can live happily ever after. And technological progress is unlikely to slow down. Matters are quite different with the mentally ill. So the world will only become more and more prosperous. But inequality will grow exponentially. And that's okay. A utopian world where everyone is equal and happy is unrealistic. But a world where everyone is happy but not equal is quite possible. So we don't have to be afraid. We have nothing to lose.

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