Re:Foxconn replaces '60,000 factory workers with robots'
by psc on Wednesday May 25, 2016 @11:42PM
(#11775219)
> Robots are capital. Real estate is mostly land. Capital produces interest. Land produces rent. These are different things.
Not according to neoclassical economics! Land is just another form of capital. I still don't understand why though. Some say it's political but that feels like too much of a conspiracy theory to me. There must be a good explanation but I haven't found it yet.
However, if robots ever became fully autonomous and sentient, then owning them could be equivalent to slaveownership, and fundamentally immoral.
Slaveowners can be said to collect rent, because just like with owners of land titles, their profit comes not from production but from the government giving them privileges.