Having a debate with one of my mates on Facebook, If your interested. I’ve obviously borrowed from a few Mises sources to support my argument, but interested to hear what you fellows make of it ?
Technocrat joined the group The Venus Project.
Ash Lawson
Dude its just Communism wrapped in a nice name
Mon at 19:17 · Delete
Technocrat
i think that’s a little over simplistic.
Tues at 04:05
Ash Lawson
what’s the difference ?
Tues at 09:35 · Delete
Technocrat
Communism is a old term with a negative connotation, as it has always been intertwined with a dodgy totalitarianism regime. Technocracy is a better term. Capitalism is a nasty piece of work, this it the best alternative i have found.
Tues at 12:23
Ash Lawson
Ahh c’mon bro, real laissez faire capitalism has barley been tried, this is a lord keynes bastardisation of capitalism much like the Soviet union was a bastardisation of Marxist theory. I still fail to see major difference between technocracy and communism. Found this post which is kinda funny.
Communism: “Let’s get rid of government and private property and the economy, and we’ll all share things, and people will work instead of screwing around all day because they will feel like working just out of the kindness of their hearts.”
Technocracy: “Let’s get rid of government and private property and the economy, and we’ll all share things, and people will work instead of screwing around all day because they will feel like working, just out of the kindness of their hearts. But it’ll be like Star Trek, where it’s all like high-tech and shit, and everything that we need will be provided by machines that operate on magic and the power of positive thinking.”
Yesterday at 16:10 · Delete
Technocrat
Star Trek is a sort of a reasonable example on how it could work.
I suppose this is the basic concern is: As machines become more advanced and automate more and more functions there will be less and less for people to do.
I don’t think anybody could disagree with that because its so very well established.
So you can see the problem. Obviously capitalism goes out the window straight away because there would be too few jobs as even engineers and administrators would get replaced my machines.
We could begin that change today, rather than waiting around for it to happen. I would like to see it sooner rather than later and be ready for the change, rather than putting my hands over my eyes and pretending that everything can continue are it is forever.
Yesterday at 17:40
Ash Lawson
No way bro, you just presented a major fallacy. Leftist’s technophobes use this one the entire time, its retarded. Basically the argument is that the ‘Capitalist entrepreneurs’ benefit and the workers gets screwed because in some factory somewhere machinery has taken over a ‘few’ workers jobs right ? Well here’s just one example of how more machinery would benefit society.
The following is an extract from Henry Hazlitts - Economics In One Lesson, which I highly recommend.
“At this point, it may seem, labour has suffered a net loss of employment while it is only the manufacture, the capitalist, who has gained. But it is precisely out of these extra profits that the subsequent society gains must come. The manufacturer must use these extra profits in at least one of three ways, and possibly he will use part of them in all three: (1) He will use the extra profits to expand his operations by buying more machines, say to make more coats (making machines require labour right !); Or (2) he will invest the extra profits in some other industry; Or (3) he will spend the extra profits on increasing his own consumption. Whichever course he takes, he will increase employment”.
Thus machinery benefits society.
Yesterday at 22:03 · Delete
Technocrat
When the machines make the machines and the machines are managed by the machines nobody will be employed. 100% automation. What then.
The only way Capitalism can survive is to delay things, which it does a very good job of. Patents for example.
Yesterday at 23:33
Ash Lawson
At each stage of the manufacture of machinery you mention - from the very bottom to the top, there are jobs for the machines designers. Unlike socialism, capitalism does not rely on fear. Capitalism relies on belief, belief in the inexhaustible creativity of free persons. That machinery also requires human management, labour is also required for transportation and engineers are necessary to maintain the equipment.
You also fail to see the bigger picture here, that machines benefit society as a whole, that say in industry - lower prices, which will lead to cheaper goods. That machinery has made the workplace safer, or can do jobs that, for a human would be impossible, machinery in hospitals saves lives, the list goes on and on.
Now where do you draw the line, was it a mistake for the hunter-gatherer to make his stake into a spear, his spear into an arrow ! Do we stop advances in technology for the sake of rationing labour ?
The central lesson is that we should try to see all the main consequences of any economic policy or development—the immediate effects on special groups, and the long-run effects on all groups.
You also mention that the only way capitalism can survive is to delay things, which i disagree with because what we have today is Corporatism which does delay ‘things’, because of special interests.
i won’t get into Intellectual property simply because i haven’t made up my mind on it yet.