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 Originally Posted by CoccoBill
Where does it say things need to be binary? Either full on padded-elbow mememe capitalism or some marxist utopia. Wouldn't it be better to pick the cherries from both? What stops us from embracing the economic strengths of capitalism in trade and production, while providing basic safety nets for everyone? With the massive changes to the labor markets in the next decades due to AI and robotics, close to 50% of the current jobs will be gone. There just won't be work for everyone. How does the free market address this? Oh yeah, by killing off the weaklings.
If something other than capitalism could reasonably be expected to benefit in some areas, I'm open to it.
Also the "people out of work because of machines" thing appears to be a non-thing. Yes, specific jobs are lost from mechanization, but even more are gained. If mechanization was a job killer, the economy would have gone to shit with the invention of the plow.
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