General Discussion
In reply to the discussion: 47% of today’s jobs could be automated in the next two decades [View all]HughBeaumont
(24,461 posts)The notion that Laissez-fail can succeed long-term with no input whatsoever from workers is Fantasyland. What's it going to be . . . investor driven, with only the 250,000 or so people that are able to participate in investment instruments? And THAT survives somehow? Even the greedmongers needed American worker's money to fuel the stock market bonanza of the 1990s.
We cannot be a nation that's run by six corporations and 250 million people doing each other's hair or cleaning each other's houses; diminishing returns doesn't allow for such a thing to happen. Crime is going to go through the roof faster than the number of people on the public dole will. A consumer-based economy chock-loaded with overeducated and underpaid workers that have next to no ability to consume eventually crashes, and each subsequent crash is always worse than the previous one. This will usher in depression and violence unseen in the nation's history . . . and yes, I HAVE heard of "The Civil War".
I really wouldn't want to be the last six wealthy men in a poor kingdom of 300 million or even 6.99 billion. Laws no longer apply to people with nothing to lose.