[–] A_D_E_P_T 1 day ago
[–] jasonjayr 1 day ago
[–] roenxi 1 day ago
Labouring for the sake of doing labour is stupid. If robots can do it cost effectively, they should.
[–] samus 23 hours ago
[–] roenxi 21 hours ago
[–] bigstrat2003 1 day ago
It's all well and good to say that people shouldn't have to do menial labor. But unless you have something to fill the void, it's going to be a bad time for everyone involved.
[–] bruce511 1 day ago
Western culture ties the value of people to their work. The unemployed are "lazy" (itself a pejorative). The first question you ask someone you meet is "what do you do?" A lawyer is naturally more valuable than a postal clerk. (Despite an obvious example to the contrary. )
A lot of western jobs now are menial, or worse, useless. Lots of office jobs are, frankly, meaningless. Endlessly generating reports that no-one needs, or reads, isn't a path to massive self-worth.
In the US no job means no income. No health care. Your worth as a human approaches zero. In Europe, post war, there are far more social supports for the unemployed. That's a fundamental cultural difference. Asia is also culturally different in ways which are hard for US folk to comprehend.
For example there are 3 major political viewpoints; US capitalism, European socialism, and Chinese communism. Each appears to function well, and yet the US vilifies the others, while barely being able to tell them apart.
So, to return to your hypothesis of what "humans need", it may be less of that and more of "my culture needs". Which is perhaps going to come into play when predicting a post-labor economy in other cultures.
[–] guai888 1 day ago
[–] ares623 1 day ago
The people will always have something to do. What those somethings are is entirely up to the ruling class.
[–] yogthos 1 day ago
Ultimately, the whole point of an economy is to direct labour and resources in a way which allows people to have a good standard of living. If most labor can really be automated, then people can just spend more of their time enjoying their lives instead of working. The technology itself is not the problem. The only reason this becomes a crisis under capitalism is because the means of production are privately owned, and the people who own them require the rest of the population to sell their labor in order to live. Automation under private ownership frees people from a paycheck, while the owners keep the gains.
[–] junofan 1 day ago
[–] yogthos 1 day ago
[–] za_creature 22 hours ago
Western voting systems work more or less because the parties are in a mexican standoff when counting the ballots. This requires at least two parties and doesn't translate very well to electronic voting or vote-by-mail where a comparatively small minority (programmers or postal workers) can heavily skew the results in their favor.
[–] yogthos 17 hours ago
Meanwhile, Western voting systems are much more of a game of hot potato than a Mexican standoff. Each party just blames the other party for all the problems, and you just a revolving door policy with no accountability. With a one party system, there's no scapegoat to blame. The very legitimacy of the party hangs on it delivering on the promises.
[–] mitthrowaway2 1 day ago
[–] derektank 1 day ago
[–] randycupertino 1 day ago
[–] marcosdumay 1 day ago
They have some political dilemma: people only accept the government because of economical growth, but they grew to a point where growth naturally slows down.
They have some financial and monetary stuff going on, but those are mostly non-problems. They have a bubble that is bursting too, that makes the other two problems larger.
All said, I wouldn't say they are in a knife edge.
[–] bruce511 1 day ago
And yes, China is aware of some slowing demand (although their exports are still impressive.) You can see this playing out in a couple ways.
Firstly they dominate production in key "future" technologies. Solar and EVs spring to mind as examples, but there are others.
Secondly they are investing in infrastructure (and goodwill) outside of China. Africa has a billion consumers-in-waiting.
While the US retreats from Africa (killing USAid, indulging racist theories about South Africa, etc), promoting isolationism (America First), activly alienating people via tarrifs, what is China doing?
China is quietly filling the void. They are building roads, ports, airports and other infrastructure. They are improving supply lines (Temu is expanding in Africa at a huge rate.) They are building cultural bridges, learning and teaching two very different cultures to work more easily together. In essence developing future customers, not antagonizing them.
It will be interesting to look back in 10, 20 or 30 years to see which strategy delivers better rewards.
[–] thoughtstheseus 1 day ago
[–] bruce511 22 hours ago
In the 60s your argument would have applied to most of Asia. South Korea was an agrarian society. All of eastern Europe (and much of western Europe) was poor.
The question is less "where are markets now" and more "where will they be in 2050"?
"Losing money" (whatever that means at the national level) is not terribly relevant when it comes to global strategy. The US "loses money" on the military, because the US has chosen the military as a way to strategic dominance.
China instead has chosen "production" as a global strategy. One empire is voluntarily contracting. Another is expanding. The US is fighting the last war, with planes and bombs, while China builds infrastructure and makes friends.
[–] thoughtstheseus 7 hours ago
[–] thenthenthen 1 day ago
[–] marcosdumay 12 hours ago
That's a sure way to extend an unsustainable situation, while making it bigger. It doesn't usually lead to anything good on the long term, but I don't think they have been doing so much of it to break the world.
... and who knows? maybe this time it leads to democratization and growth all over the world, and they get somebody to export to. I don't think that's likely, but I can be wrong.
[–] MattDamonSpace 1 day ago
Who here remembers when Japan was gonna take over and the West needed to adapt
[–] numpad0 1 day ago
Russia is now probably in the state similar to circa 1980 China. In case The China Problem were to be Solved like how previous one was solved, perhaps militarily this time, that'll just launch the seeds of the same problem over the borders to there. OTOH we'll be watching Russian homage to Chinese recreations of Japanese interpretations of Disney animations by 2060s and that will be awesome.
Will the US become its own 1980 China or 1950 Japan, just to get onto the ladder back up to be 2020 China or 1990 Japan, finally building the California HSR owned by DOT? Is it playing a genius 4D Chess ... whatever ... move towards that? Maybe, I don't know. All I know is that it's not like people simply stopped being too alarmist with Japanese global takeover scare and it just went away naturally.
What do you mean by this?