Capitalism will certainly end. The only question is if there will be any survivors.Well, eventually the sun will explode, so probably not.
If we have learned one thing from the last forty years or so it's that the rich can't be trusted to act in their own best interests.What do you mean? If their "own interests" mean more money, then they're doing really well, even since 2008. Of course it depends on where you put the cutoff line. The hyper-wealthy are still making a ton of money.
The article even takes note that our weekly work hours have not stayed low, no matter the technology we have around us. It's strange that they don't draw the extra connection to notice that, even though in theory a fully-electronic, fully-networked office ought to be much more efficient than an office straight from pre-Xerox episodes of Mad Men, in reality, people still wind up working from home and having work spill over into their private lives. For the vast majority of workers, the increased automation and efficiency does not at all lead to the famous four-hour workweek. There's a lesson here.The guy hasn't read Russell's In Praise of Idleness?
Not necessarily - capitalism paired with large amounts of redistribution (i.e. Nordic countries) makes for very generous and sustainable welfare states.That's called socialism. Not even Marx wanted to get rid of private business, I don't think.
Isn't the only reason Nordic countries can have sustainable welfare states is because of an abundance of natural resources (oil)?Norway is not the only Nordic country in the world. Sweden's GDP is $450 billion. Wikipedia says 71.1% of that was services, 26.6% industry. Wikipedia says "The main industries include motor vehicles, telecommunications, pharmaceuticals, industrial machines, precision equipments, chemical goods, home goods and appliances, forestry, iron and steel.", but doesn't give a breakdown for what industries comprise what % gdp.
- Scotland gets socialism and rockets (YAY!),I may be wrong on some minor points.
- in England the political parties merge (completely) with the tabloids and run the country with a form of outrage fuelled paternalism.
- U.S. America as a whole embraces hyper-capitalism leading to walled island enclaves of wealth, in a sea of poverty (Somalia with white people). Possibly with some states seceding to follow their own path, be it God or other.
- Ex soviets mostly going back to bleak and joyless state communism.
- Asia & Aus/Nz go the full, unadulterated, Gibson.
- Africa & middle east - wealth (sun farms) & renaissance civilisation, also the best craft beers.
ethnic/cultural divisions which would otherwise dissolve naturally over timethat is problematic
You cannot point to a computer which can diagnose diseases and say that it is a step towards replacing human labor. Not only do humans have to design, build, market, test, ship, oversee, use, and train others to use that machine, but they have to also extract and purify the raw materials. Even if we were to say, for sake of argument, that once we've made an army of these machines, we never have to use human labor again to make them, their use still does not replace doctors or nurse practitioners. No matter how sophisticated this machine is, it's still just an extra tool that they can use for more efficiency, so that they can get more work done more quickly.Well, it will replace the job of the guy who diagnoses diseases. If that was his only job he'll not be able to just go get a job programming robots. You can always point to individual jobs that will go away: Cab drivers in NYC will be replaced by Google's self-driving car, for example.
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posted by punkfloyd at 8:57 AM on December 24, 2011 [5 favorites]