Quote from: CoinCube on December 04, 2013, 08:51:40 PM

Quote from: traderCJ on December 04, 2013, 07:29:19 PM

Quote from: AnonyMint on December 04, 2013, 10:09:14 AM

I documented in the thread from which those quotes originate. You can click the link on a quote to go to thread (and post) where it comes from.

Specifically a recent Oxford study predicts 45% of all existing jobs will be lost to automation by 2033. This confirms we are in a period of radical technological unemployment. This appears to happen every 78 years. The difference is this time we are all tied together in socialism by central banks. You can re-read my quotes from the prior post to weigh the gravity of this thud of a realization.

If you are arguing that automation will lead to long-term unemployment, I think you are wrong. Authors have written extensively on this subject since the 1900s (and perhaps earlier). Many were worried that machines would replace men. What we have seen is that automation simply results in higher efficiency and unforseen job opportunities on the automation side. This seems obvious to me, so you must be arguing something else despite what I'm reading here.

He is arguing something else. He is arguing that collectivism is nearing the point where it causes general economic collapse. Furthermore he is arguing that when such a collapse occurs the populace will demand yet more collectivism in tragic feedback loop.

Hmm... I skimmed because I agree with a lot of the beginning so I am clearly missing something at the end. I look at the emerging knowledge economy and see amazing individualism. And by that I mean a few individuals are capable of projecting their knowledge across the entire globe easily, and thereby reap the benefits of a global market. The effects of this are the newly minted Google, Facebook, twitter, etc billionaires... and likely a lot of others that are lower profile.

This is pretty obvious for knowledge based services. Automatic scaling of AWS nodes or Google apps lets IT services focus solely on delivering the information service, not all the manual details of deploying server farms, etc.

Outside of IT, production has become a commodity service -- easily obtained for relatively little $. So the effort to create/store/ship a physical embodiment is no longer a limitation for a company. You can shop for factories to do turnkey production of electronics and plastic/metal casing, foam packaging, etc that you specify via common electronic and 3d design file formats. And then you can have those products warehoused at Amazon or another drop-shipment company. No need to see them yourself.

For example, I forget whether it was Sirius or XM, but at one point the company had 100 employees and was delivering satellite radio service worldwide (or at least that is what I remember... not going to verify it now...)