I’m not an economist so I will take your words on this, though I still struggle to believe it’s an issue and have some remarks.
I am not worried about needing enought people for jobs. Given advances in inteligence automation then we can’t forever have enough jobs for all humans. If a country can impliment a universal basic income then the citizens can at least have a basic living.
Why are most countries based on growth? That appears reckless. Unless we expand into space then at least population growth caps out at some point. Doesn’t every other growth have a limit?
Your remarks are spot on. They are why I’ve read up on some of these problems over the years, even though I’m not an economist.
Automation very well might mitigate and/or cause other issues. It is to be seen if a capitalistic system will succeed in being reasonable, especially some of the more virulently capitalistic ones like the US. People being more productive has avoided many problems in capitalism for a long time, AI is a new way for this to happen.
Universal income is an excellent idea. There have been some really convincing studies where it has been implemented on small scales (one town or village). So far it hasn’t gone much farther as there are strong contingents of people unreasonably against the idea.
Basing economy on growth is problematic. Growth being key to capitalism has been a criticism for awhile. It is reckless, doesn’t reflect actual reality of resource limits of growth, and sets up problems some countries are facing (declining birthrate, job displacement due to automation, etc).
I’m not an economist so I will take your words on this, though I still struggle to believe it’s an issue and have some remarks.
I am not worried about needing enought people for jobs. Given advances in inteligence automation then we can’t forever have enough jobs for all humans. If a country can impliment a universal basic income then the citizens can at least have a basic living.
Why are most countries based on growth? That appears reckless. Unless we expand into space then at least population growth caps out at some point. Doesn’t every other growth have a limit?
Ah, but you’re viewing it as a normal human being and not a lizard man who only cares about making himself bigger.
Re your third point - this is one of the main critiques of Capitalism, the reckless disregard for the bounds of growth.
Your remarks are spot on. They are why I’ve read up on some of these problems over the years, even though I’m not an economist.
Automation very well might mitigate and/or cause other issues. It is to be seen if a capitalistic system will succeed in being reasonable, especially some of the more virulently capitalistic ones like the US. People being more productive has avoided many problems in capitalism for a long time, AI is a new way for this to happen.
Universal income is an excellent idea. There have been some really convincing studies where it has been implemented on small scales (one town or village). So far it hasn’t gone much farther as there are strong contingents of people unreasonably against the idea.
Basing economy on growth is problematic. Growth being key to capitalism has been a criticism for awhile. It is reckless, doesn’t reflect actual reality of resource limits of growth, and sets up problems some countries are facing (declining birthrate, job displacement due to automation, etc).