Socialism is appearing inevitable, because Capitalism With Robots will render humans inefficient and worthless
There is something brutally truthful and rational in Capitalism, that appeals to the most logical of human beings. What could be more appealing than the brutal efficiency of ruthless competition that produce most profits for people?
Who among us don’t dream of being part of that efficiency? To be the winners of Capitalism?
I know I want to be a winner.
Except, most of us are barely in the middle, breaking even in the middle of the pack in the game of competition among 7 billion humans on Earth.
About 70 million people own 50.1% of World’s Wealth. That’s slightly more than all the population of UK.
You may be content with this, but you can see a dark cloud coming: Robots and Artificial Intelligent machines that will upend the game of Capitalism completely.
When AI’s come into real force, how long before only 7 million people own 50% of the world’s wealth?
How many human jobs will be replaced, not by competing nations with low wage labors, but by robots who never sleep or tire?
What will the the cold hard rational logic of the Free market say about all the out of work people?
Oh well too bad?
Perhaps this is why so many of the Wealthy, like George Soros, Bill Gates, Warren Buffet, Andrew Yang, see as the danger of Capitalism. (Although not all of them really go all in for “socialism”).
I will tell you what they really see: A system of free market so efficient that it will eventually produce the ultimate efficient machines of technology that will replace human beings, reduce human beings to be nothing but waste of resources.
So here is the hard truth: Most of us will never make it to the 1%. And by the time our descendants make it to the 1%, Robots will have rendered the 1% as worthless as the rest of us.
When we get there, what will humans do? Violent revolutions? Perhaps. Or just face starvation and extinction.
Or just as some countries have already done, gone to Socialism, in various forms, to preserve rights of humanity not to be competed into extinction (regardless of inefficiencies).
Perhaps in this, we should consider more often our own inefficiencies and appreciate them more.