Perhaps the better question to be asked here, however, is whether economists and political leaders are also in their own, more profound, kind of denial. They're supposed to know after all. Or at least have clue as to the full repercussions of what making human skill a noncompetitive commodity will do to the ongoing viability of Capitalism. That these same, so called experts, seem to be quite content to proceed despite the implications ought to be troubling to all of us.
The fact of the matter is this: Regardless of how many new jobs may be created with each new technology we create, the number will be no where near enough to support a thriving middle class. How can this be otherwise when the working populations across the world are sure to increase at the same time that competitive pressures to reduce production costs will also increase. And make no mistake. It is the thriving middle class of a society that purchases the largest share of goods generally within any nation.
Ask yourselves this: What can they be thinking? Ever more productive capability with ever more efficient machines to do the work and fewer and fewer people able to purchase any of it? How can that possibly make sense? And this is considering only one aspect of the total absurdity that electrified Capitalism has become.
Even if there were a continuing supply of purchasers who could afford to consume the ever greater ability to produce, would we really want to live in that world? A world reduced to the many chambers of hell that would be required to fuel, lubricate, and maintain existence as pointless consumptive production? I for one sure as hell hope not.
Robots Will Take Jobs, But Not Our Own, Americans Say
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