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Comment Re:Wow (Score 2) 157

You , like many, misunderstand the long term implications of increased productivity over time. Eventually most of the GNP (or GWP - gross world product) will be created through automated systems. This will require a substantial rethinking of what constitutes a life's work, as working to earn a living will become obsolete. Everyone will be entitled to a high (by today's standards) standard of living, and freed to pursue whatever endeavors - productive or not - that they so choose.

There will no doubt still be inequalities, but it will be the difference between the have's and the have more's. Most economic philosophies are based on limited resource allocations, whether it is capitalism, socialism, Marxism, free markets, feudal fiefdoms, or whatever. New models will be needed.

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