Comment by wasmitnetzen
14 hours ago
Life, uuuuh, finds a way.
This ignores that the forces of capitalism, the labor market, value, etc are all made up. They work because people (are made to) believe in them. As soon as people stop believing in them, everything will fall apart. The whole point of an economy is to care for people. It will adapt to continue doing that. Yes, the changeover period might be extremely painful for a lot of people.
The whole point of an economy is to generate value. Very, very different than caring for people
Feudalism was the dominant economic system for millennia. The point is to extract value for the upper class. Peasants only matter as a source of labor, and they only get 'cared for' to the extent of keeping them alive and working.
Now think about what feudalism might look like if the peasants' labor could be automated
Well, yeah, "keeping alive" sounds like caring to me. Not to a great standard, that's how we got numerous revolutions, and feudalism did end eventually. People stopped believing it, and some kings lost their heads.