Automation itself also isn’t the problem. Replacing human workers with machines has always been a good thing, if the workers are taken care of. That’s the problem, the workers are expendable for a lower cost solution. It also doesn’t help that at least in the US we have a Puritan view of work, where someone is classified by what they do to survive and not the person themselves.
Yes that’s basically the problem. Consumption always has a base level. People need to eat even if they can’t afford to. There’s no base level income to ensure that it is possible.
The problem with uncurbed capitalism is that it doesn’t solve this issue. Eventually people won’t be able to afford the products and the only solution for capalism is to cut costs further, spiraling endlessly.
This is also why government subsidies to companies do not work. The money ought to be given to the consumers instead.
Automation itself also isn’t the problem. Replacing human workers with machines has always been a good thing, if the workers are taken care of. That’s the problem, the workers are expendable for a lower cost solution. It also doesn’t help that at least in the US we have a Puritan view of work, where someone is classified by what they do to survive and not the person themselves.
Yes that’s basically the problem. Consumption always has a base level. People need to eat even if they can’t afford to. There’s no base level income to ensure that it is possible.
The problem with uncurbed capitalism is that it doesn’t solve this issue. Eventually people won’t be able to afford the products and the only solution for capalism is to cut costs further, spiraling endlessly.
This is also why government subsidies to companies do not work. The money ought to be given to the consumers instead.