Many CEOs believe technology will make people 'largely irrelevant'

Re:Many CEOs believe technology will make people 'largely ir... by holydude on Tuesday December 06, 2016 @09:14AM (#13114662)

I really fear the future. Imagine an average person will get some sort of "basic income" or worse goods/services "for free" from the government. And the average joe will have no way of getting richer (acquiring more resources to buy better stuff).

Maybe most of the stuff he is going to get will be good enough anyway...but...he will be unable to make choices for himself. Sounds like a socialist nightmare.

But I bet we will solve this with taxation and duties anyway.

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Re:Many CEOs believe technology will make people 'largely ir... by Retric on Tuesday December 06, 2016 @09:23AM (#13114746)

Another long term trend is reducing risk adjusted ROI. If a rich person get's say 0.1% above inflation before taxes wealth will simply become vastly less useful over time. Because it's really compound interest not wealth that controls our society.

Honestly, if food, energy, medicine, housing, transportation, and non branded stuff all becomes cheaper due to automation we may see a more friendly society. People will still compete in games if nothing else, but seeing the cycle of good grades to good school to good job to better job to retire and make art with you spare time is pointless if you can just 'retire' and make art out of the gate.

PS: Remember modern capitalism is still a very young system, it's unlikely to be stable long term.

[ Parent | on HN ]