I could make this really long, but my basic question is how people see fully automated supply chains affecting capitalism, specifically on the issue of economic demand. Most people would agree that capitalism wasn’t really possible in hunter gatherer or subsistence farming conditions. Feudalism was…

Give me a robot that replaces a human and is at least as good as, or better than in every way, and we’ll have bigger issues to worry about than unemployment. Until we get robots that good, (if it’s even possible) there’s going to be a demand for human employment. I think this thread has gotten to …

Wrong, but +1 on the locatephor (lolcat metaphor, copyright Nitroadict, etc.) Free-market activity (assuming that people keep mislabeling mercantilism & corporatism as capitalism) would emerge from the crumbling statist economies, which runs the gamut of free-market anti-capitalism & free-market c…

It’s been like that since Page 2. P.S. That cat is incredibly cute.

I was tempted to include that in every post I made in this thread. But seriously, lets assume that someday industry will suddenly require a fraction of the previous work force. I don’t know how likely it is, but its not unthinkable. It happened in agriculture, and caused a flood of labor to indust…

Pretty much. In a free market, labor tends to go where it’s needed most. People will make themselves useful to get something back for themselves.

Sex Robot Roxxxy Looking for Some Action I imagine they’d make great pimps too?

Is that guy checkin’ out her mouth? just wondering…lol[:P]

Is there an Austrian explanation of the simultaneous, exponential world-wide explosion in debt? Profligate monetary policy might work as an explanation on a case by case basis, but it seems insufficient to explain it happening everywhere at the same time. A need for permanent artificial demand cre…

And here we go: Wages as percent of GDP: SOURCE: John Bellamy Foster and Fred Magdoff, “Financial Implosion and Stagnation: Back to The Real Economy,” Monthly Review 60.7, December 2008

Can robots kill capitalism?

Economics Economics Questions

wilderness April 9, 2010, 7:45pm 64

!(http://www.canalred.info/public/Fondos_Pantalla/3d/Sexy Robot 3d.jpg)

Dude, how could you pass that up?

Krugman claims Austrians can't explain unemployment

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Can robots kill capitalism?

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