Comments on: Someone set us up the bong. https://wimminz.wordpress.com/2014/07/11/someone-set-us-up-the-bong/ Wimminz Sun, 08 Apr 2018 01:13:44 +0000 hourly 1 http://wordpress.com/ By: let it burn https://wimminz.wordpress.com/2014/07/11/someone-set-us-up-the-bong/#comment-7977 Sat, 12 Jul 2014 17:10:58 +0000 http://wimminz.wordpress.com/?p=4616#comment-7977 @How do you fix that issue?

~1804 was the first time world population was 1 billion. world population today is ~7 billion. so the carrying capacity of industrial civilization is ~6 billion. industrial civilization is going away. ~6 million will cease to exist. problem solved for the survivors. qed.

]]> By: freeman https://wimminz.wordpress.com/2014/07/11/someone-set-us-up-the-bong/#comment-7976 Sat, 12 Jul 2014 15:36:02 +0000 http://wimminz.wordpress.com/?p=4616#comment-7976 I have mixed feelings about automation. As the post-video discussion illustrates, even if one country decides not to do it, others will. Unless there is regulation against it, it is inevitable that its effects reach as far as possible. It is the same thing when it comes to companies pursuing overseas cheap labor. And with all the above, it is a race to the bottom in terms of finding the lowest cost. Many will become obsolete, and those who don’t will find themselves making less than a living wage. This creative destruction forces many out of jobs or into poverty. How do you fix that issue? That’s something I don’t have an answer to.

An interesting benefit of this ever increasing automation should be a gradual deflation. As things become easier to produce, and cheaper, a unit of capital should grow in value over time, and people should receive more for the same amount of exchange. This would make the transition into greater automation less painful. Instead, the money supply has expanded tremendously to benefit the few at the top who control the flow of money, forcing the rest of us to work harder for an increasingly lower return.

]]>