Comment by squidbeak
2 hours ago
There aren't any profits with full automation - but there is instead total power for whoever owns that automation.
2 hours ago
There aren't any profits with full automation - but there is instead total power for whoever owns that automation.
If it’s a monopoly yes. But there are massive profits in full automation. I’m not expecting costs to go to zero but it’s the only pathway to things getting cheaper by a lot.
Where are these profits coming from? Remember, under full automation there aren't any workers earning salaries.
Meanwhile, costs of production fall to zero. So what will there be for these profitable companies to spend their profits on?