Will automation be the end of Capitalism?

Posted by: Comrade_Silly_Otter

What I mean, is robotics replacing human labor.

  • Yes

  • No

33% 2 votes
67% 4 votes
  • Capitalism will be the drive for automation in the first place. However, as the majority of jobs are replaced by said automatons, the market for the products they produce will decrease as unemployment rises. When no one has enough money to buy products, the people in charge of the machines will be broke, and the illusion of money will be no more. You could say that the machines will need to be built, programmed and maintained, but even that can be done either without people, or with people but without money. Other robots can be designed to repair existing ones, and once a "blueprint" for a robot's programming exists, it can be copied ad infinitum. The advent of AI would make this trivial. If people are still needed to maintain the robots, they can be hobbyist volunteers.

  • Automation facilitated the creation of our modern form of Capitalism. Automation of course allows for greater production with less human capital and overhead. More automation only helps companies make greater profits, grow faster and employ less people (and pay lower wages). In Capitalism, growth is determined by production, not consumption. Thus, automation is the fuel that drives capitalism. (not saying this is a good thing).

  • I would hope Yes, but there will be companies all around these automatics, but i would suggest the social system.

    Posted by: Lukas8
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Comrade_Silly_Otter says2014-08-14T22:17:45.3612535-05:00
Why do I believe automation to be the end of Capitalism? Unemployment. With people's labor no longer needed, the unemployment levels will shoot up big time, while money bubbles up even more. Capitalism needs its money flowing to survive. But, automation could make economies obsolete.
Robert_Weiler says2014-08-14T22:21:50.8471121-05:00
Automation only opens up new avenues of employment and industry, after all, someone must program, service, deliver, and repair these machines. Furthermore, another capitalist will continue to do it the old fashioned way and slap a "hand-made" label on his/her product. Automation is a boon, not a threat, to capitalism.
Comrade_Silly_Otter says2014-08-14T22:25:27.9210863-05:00
Repairs can easily be done by robotics, delivery can easily be done with robotics, programming is also being taking in by programs. With less people being needed to produce more, it will create more unemployment. I wouldn't be surprised if rates shot up to 45%. The only sensible thing would to enforce welfare systems to prevent food riots. I love this topic! Its a weird one to try to piece together with words, but enjoyable. https://www.youtube.com/watch?v=7Pq-S557XQU
Robert_Weiler says2014-08-14T22:29:01.7823866-05:00
I would be very surprised if rates shot up to 45%. Saying that robots could do the maintenance on other robots only means more robots will need to be built, there still must be some degree of human involvement. Where exactly will the money for this enforced welfare system come from, in your theory, so few are working and paying taxes?
Formerland1 says2014-08-15T00:24:27.0561839-05:00
You mean automation of the entire human race . Of course human jobs are obsolete if you get rid of all possible jobs a human can have .
debate_power says2014-08-15T16:45:39.9184804-05:00
Overpopulation, corruption, wars, and diminishing food supply will do away with capitalism. If unchecked.

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