Monday, March 14, 2016

A Future without Work and Money, the End of Capitalism and Inequality

Screenshot of Tech Insider video
Automated and autonomous systems are becoming more prevalent and capable of doing more things. These systems will continue to change the way we produce products, how we provide services, and how they are distributed.

Automation also has the potential of creating a workless society. In a world of automation, complete with robots with artificial intelligence, no one will have a job to earn the money to pay for products/services.

This means there’s a need to begin transforming society to be ready to accept a world absent of work, wealth, and other norms that today we associate with life. Transformation unavoidably will lead to a moneyless economy that will solve the problem of unemployment, and most, if not all of our world’s problems.

However, as we move through the necessary steps to a moneyless society, everyone on technological unemployment should be able to live comfortably as long as there is sharing of the abundant wealth produced by technological advances. On the other hand, “if machine-produced wealth is not shared, technology will drive ever-increasing inequality,” according to physicist Stephen Hawking.

However, no one should take the position that it’s not possible. In light of technological advances in automation, it should be evident that eventually automated and autonomous systems one day will force everyone out of work. A good historical example is artisan weavers who lost work following the implementation of mechanized looms.

Capitalism always benefits the winners. If you don’t win, you lose.

An article in TVP magazine (page 66) shows how a workless society can potentially meet its needs for products, services, and all those other things we have been accustom to acquiring with money.

Copyright © 2016 Horatio Green


Torgny said...

You are right Horatio, there is no alternative for solving the problem of unemployment other than introducing basic income. Automatisation will take away many jobs. It will not be possible to continue to create artificial jobs in a futile effort to solve the problem of unemployment.

And why should we not be allowed to decide ourselves how to live our lives? Why should a commercial business or government decide how we should spend 8h a day?

Basic income is now discussed in many countries, and attempts to slowly introduce it has already started.

Horatio Green said...

Thank you, Torgny. Basic income could be one of the stepping stones leading us to a moneyless society. However, getting there will be a gigantic challenge. Changing societal attitudes of the necessity of money being the greatest of all.