Comment on Robots will solve wealth inequality, they say
PhoenixDog@lemmy.world 2 weeks agoUntil robots can drive revenue for corporations by spending actual real dollars, everyone being poor is a bad thing.
Capitalism used to be about getting move money, improving previous things, and making more money. Now it’s just about the next quarter.
Eventually that next quarter won’t go up. Because not enough actual humans can afford to make line go up. Companies will lay off more people and there will be even more people who don’t make line go up.
Capitalism has a hard end. Not a soft one. Eventually there just is not enough money for every day people to make money. When you funnel all of it into the top 1%, unless you’re just trading money back and forth or hording it while the world burns… What happens after the latter? What happens to the multiple multi-trillionaires who all of a sudden can’t find plumbers to fix their mansions, pilots to fly their planes, or chefs to cook the famine they created?
BarneyPiccolo@lemmy.today 2 weeks ago
I submit that we reached that point long ago. I remember working for a record company in the 90s, and being to go talk to my closest retail buyers, and try to get them to buy a pallette of some slow moving title, telling them that they don’t even need to crack it open, just stick it in a corner, and I’ll authorize the return next month. And that happened regularly.
Now we’re at a point where they are doing all sorts of crazy things to keep the numbers looking good. We’ve blown past all the normal markers like efficient experts, layoffs, downsizing, shrinkflation, lobbying, literal fraud, and now they’re pinning their hopes on replacing asich of the human workforce as possible.
They aren’t looking forward to an America with 60% permanent unemployment rate, or even the next quarter, they are trying to keep the Dow up for the week.