Post
Topic
Board Economics
Re: Technological unemployment is (almost) here
by
bitaxed
on 01/03/2014, 10:47:15 UTC
There are simply no capitalist solutions for the technological unemployment problem. Period! [CUT]

Rephrased: there are simply no society based on saving (capitalist) able to conceive solutions for a problem (technological unemployment) that it will never face in free-market economy. We can conceive solutions for imaginary problems: a very good attitude, but not strictly necessary. Fortunately, for planned economies there exists capitalist solutions: bankruptcy solves technological unemployment caused by government intervention.

The real problem for socialist economies is that there are simply no economical solutions for the technological unemployment utopia. Period!

In our planned socialist economies we are often discussing their big-problems caused by big-failures of big-govs, big-banks, big-corps. In free-market capitalism failure is not a problem is the engine.