When we are born we know nothing! zero, nada!
From, Too different for Comfort, Louis-Vincent Gave (You can download a free copy for free in gave kal website)
If nothing else, this illustrates the profoundly deflationary nature of
capitalism. Fundamentally, capitalism is about making more with
less. And if possible, much much more with much much less. And
given the Robolution, we may well have entered a period of structurally
accelerating deflation; an ability to produce more and more goods and
services with ever fewer workers.
In his research, Professor Brynjolfsson shows that 65% of American
workers occupy jobs whose basic tasks can be classified as information
processing. This is frightening as it leaves open a lot of jobs that could
be replaced by machines and/or software. It is this new reality that raises
major headaches for policymakers.........................
And does putting the cost of capital at zero, and printing a lot of money
(the remedies so far espoused by most central banks in their bid to fight
deflation) really help the laid-off Samsung worker, or now-unemployed
nurse, find a job? Or does the zero cost of capital instead accelerate the
trend of replacing labor with capital? After all, if we make capital free,
and labor expensive (through increases in regulations, increases in
benefits etc…), should we be surprised that companies replace labor
with capital?
I have to agree with this well written piece, what can we do against the triumph of the machine? I guess since when we are born we know nothing, we spend the first 20 years of our life just learning the basics. The Computers build on the previous knowledge. next year computer will do everything this year computer does and a bit more. Always compounding!
What can man do? Invest in the Robot factory and do things that can not be done by the computer/Robot. Everything that is non repetitive (Plumber, Personal trainer) and physical (Football player, dancer, actor) or be in the very complex forefront of research.
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