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Response to Yavin4 (Original post)

Sun Mar 10, 2019, 08:11 PM

14. Trade and Industry have always been for profit, even in the Middle Ages

The difference then was that 90% of the economy was in agriculture controlled by the land-owning nobility.

There was never a time that trade and industry were controlled by the state prior to early capitalist/mercantilist systems, when states partnered with private enterprise to create trading empires. Then later there was a complete takeover in Communist systems.

So I don't see state ownership as a viable alternative. Rather there should be a guaranteed basic income. If robots are really going to do everything, then we all become part of the leisure class, with an army of robot slaves to do our bidding.

The biggest danger is not going to be that we all are poor and drug-addicted, but that our smart robots will figure out they don't need us around.

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LineReply Trade and Industry have always been for profit, even in the Middle Ages
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