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LuckyTheDog

(6,837 posts)
Tue Jun 3, 2014, 08:50 AM Jun 2014

Economist Thomas Piketty: One of the benefits of civilization should be working less

French economist Thomas Piketty, author of Capital in the Twenty-First Century, appeared on Monday night’s edition of “The Colbert Report.” Piketty told Colbert that inequality is bad for society as a whole and that one of the goals of civilization should be for people to have a better chance at happiness and fulfillment.

“Why are you trying to tear down the Western economic system and replace it with the socialist redistribution of wealth?” asked Colbert.

“I’m not trying to do that,” replied Piketty in heavily accented English.

“Your accent sounds like you are,” Colbert countered.

MORE HERE: http://wonkynewsnerd.com/economist-thomas-piketty-one-benefits-civilization-working-less/
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Economist Thomas Piketty: One of the benefits of civilization should be working less (Original Post) LuckyTheDog Jun 2014 OP
One of the paradoxes of capitalism... yallerdawg Jun 2014 #1
Slavery and using robots are two diametrical different economic systems. DetlefK Jun 2014 #2

yallerdawg

(16,104 posts)
1. One of the paradoxes of capitalism...
Tue Jun 3, 2014, 08:54 AM
Jun 2014

as our society becomes ever more wealthy and machines replace humans, we still have to work, work, work to have any value or self-respect -- so the masters say.

DetlefK

(16,423 posts)
2. Slavery and using robots are two diametrical different economic systems.
Tue Jun 3, 2014, 09:24 AM
Jun 2014

It's about two basic variables: Workpower and money.
Workpower is needed for creating goods.
Money is needed to distribute goods.

1. In slavery, a person is connected to workpower, but shut out from the money. They can not buy, they are no consumers.
2. Today, people are connected to both, workpower and money.
3. When all the work is done by robots, people are shut out from work. Where do consumers get their money from?

If money were in the future still connected to workpower, then those people would be neutralized as consumers and the economy would break down. Therefore workers loosing jobs to robots would have to be compensated with a social safety-net. The money they get from social sources would keep them inside the economy.

For example:
Government gives money to consumers.
Consumers give money to corporation.
Corporation gives money to government.


EDIT: So, capitalism could lead to replacing workers with robots, would could in turn lead to a shift to socialism to take care of the people who can no longer give money to corporations.

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