Quote from: giantdragon on March 03, 2014, 03:25:02 PM

@bitaxed, I agree with you about monetary system. But in this topic we discuss another problem, which in fact relates to questions about the ownership on capital means of production, land and natural resources. Changing currency won't help a lot!

It is related, but probably I was not able to clarify my point of view Tongue

In a previous post I said that extreme automation is feasible but this does not mean that is economically viable... in the free-market capitalism. You assume that production is always automated only because technology allows it. Wrong, automation is function of the demand. You put this false assumption in the title of the post: technology does not produce unemployment. Automation produce reallocation of human resources and eventually unemployment.

In a free-market context, if big automated factories cause pervasive unemployment as a side-effect then there is no demand and the factories cease to exist. I am advocating that extreme automation is only viable in regulated planned economies: the Gov have to inflate to sustain the demand in order to avoid failures in the supply side so the machines can survive. We have built a nice society where humans only exist to justify machine work. This is madness and it is only possible with fake money.