create account

RE: Debunking Pessimism About Automation: Global Inequality Continues to Collapse by pgveer

View this thread on: hive.blogpeakd.comecency.com

Viewing a response to: @finpunk/debunking-pessimism-about-automation-global-inequality-continues-to-collapse

· @pgveer ·
1820s inequality WAS something to be worried about since it was mostly the result of government privileges granted to favored subjects. While it still exists nowadays (one could even say it's on the rise since 2008), it's nothing compared to 200 years ago.

As for automation: as long as the human spirit is free to roam and innovate,  job destruction will never be a worry since new jobs will come to exist. Besides, machines have improved human condition so much, be it by keeping humans from doing back-breaking work or by improving productivity, thereby making products cheaper and freeing income for whatever else.
👍  
properties (23)
authorpgveer
permlinkre-finpunk-debunking-pessimism-about-automation-global-inequality-continues-to-collapse-20161202t161236055z
categoryeconomics
json_metadata{"tags":["economics"]}
created2016-12-02 16:12:45
last_update2016-12-02 16:12:45
depth1
children1
last_payout2017-01-03 03:50:24
cashout_time1969-12-31 23:59:59
total_payout_value0.000 HBD
curator_payout_value0.000 HBD
pending_payout_value0.000 HBD
promoted0.000 HBD
body_length619
author_reputation1,568,616,156,312
root_title"Debunking Pessimism About Automation: Global Inequality Continues to Collapse"
beneficiaries[]
max_accepted_payout1,000,000.000 HBD
percent_hbd10,000
post_id1,899,016
net_rshares14,509,168,561
author_curate_reward""
vote details (1)
@finpunk ·
Very well said all around. 1820s inequality was unjustifiably the result of rent extraction by force from a ruling class. That's still a problem now, just less a total of all income so it's less noticeable. 

Also agree that as long as the human spirit is free to innovate, we'll be fine.
👍  
properties (23)
authorfinpunk
permlinkre-pgveer-re-finpunk-debunking-pessimism-about-automation-global-inequality-continues-to-collapse-20161202t164833736z
categoryeconomics
json_metadata{"tags":["economics"]}
created2016-12-02 16:48:33
last_update2016-12-02 16:48:33
depth2
children0
last_payout2017-01-03 03:50:24
cashout_time1969-12-31 23:59:59
total_payout_value0.000 HBD
curator_payout_value0.000 HBD
pending_payout_value0.000 HBD
promoted0.000 HBD
body_length288
author_reputation22,385,003,444,871
root_title"Debunking Pessimism About Automation: Global Inequality Continues to Collapse"
beneficiaries[]
max_accepted_payout1,000,000.000 HBD
percent_hbd10,000
post_id1,899,263
net_rshares570,117,716
author_curate_reward""
vote details (1)