Without right policies, automation risks shift of income from labour to capital

Re:Without right policies, automation risks shift of income ... by manicdee on Wednesday January 10, 2018 @04:29PM (#16119249)

Capitalism is pretty much defined by placing a dollar value on production and seeking to maximise returns. The inevitable outcome is increasing profits by reducing the costs of production.

There is no “perhaps” about it. There are no policies that will stop a capitalist economy behaving like a capitalist economy.

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Re:Without right policies, automation risks shift of income ... by runeks on Wednesday January 10, 2018 @04:39PM (#16119351)

There’s no rule in capitalism about who wins: the consumer decides who wins when she purchases a producer’s product, picked from the store shelf. The producers of the products we purchase are those who survive, because their income is our expenditures (and their expenditures on wages/salaries is our income).

You could argue that we choose wrong when we go shopping, but ultimately we decide which businesses have an income and which don’t.

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Re:Without right policies, automation risks shift of income ... by frgtpsswrdlame on Wednesday January 10, 2018 @04:44PM (#16119395)

I think you're missing the point a bit. It's not about our choice as consumers so much as it is the inevitable end of capitalism as a way of distributing property.

https://en.wikipedia.org/wiki/Marx%27s_theory_of_history#Cap...

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Re:Without right policies, automation risks shift of income ... by manicdee on Wednesday January 10, 2018 @07:17PM (#16120362)

What choice do you have when there is only one provider?

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