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Comment Re:Enjoy your mass insurrection/civil war, CEOs. (Score 1) 499

My position is that if we get the government out of business, out of money and out of interest rates, allow the people to be free from government oppression, get rid of income and wealth taxes and get rid of government sponsored wars and all other forms of redistribution then the economy can accommodate any number of workers because automation is not free.

Automation is a form of capital investment, some forms of automation are simpler than others. Writing a script to automate server restart and network configuration is much simpler than acquiring a humanoid android capable of arbitrary tasks. It's not impossible, it's just expensive.

A humanoid android will have an upfront cost comparable to other machinery and any company has a choice to incur that cost or to avoid it by hiring some employees and having operational costs as opposed to capital costs.

Capital costs are more difficult to justify for a company anyway because they are much larger than any operational costs. Putting together a fully automated factory takes an effort and a cost, putting together a partially automated factory can be done much faster and the operational costs would be much lower than the initial capital investments into a fully automated factory. Of-course over time more and more could be automated in a factory, my position is that in a free market capitalist system there is no reason why there shouldn't be more factories started by businesses if they had access to some capital savings.

In today's environment there is very little capital savings in the system available to any new businesses, the investments are absorbed by the giant government borrowing and spending machine and the fake ratings provided by the bought rating agencies are not helping the matter, making the government debt look much more attractive than any private investment because it *seems* that government debt is risk free.

Of-course in reality government debt is not simply *not* risk free, it is the riskiest of all assets.

As to communism, obviously it never worked and always caused mass starvation, mass murder, mass oppression, mass suffering. It will not be different in the future, people are not ants, those of us capable of accruing massive amounts of wealth are not doing it to give it all away, they are doing it to build empires, which makes perfect sense, that's our destiny - the most capable of us build empires. Emperors can be charitable but they do not share power and giving away power is a rare thing.

So AFAIC the struggles between those of us who can and those of us who cannot will continue and this struggle and since the masses are unable to accept that they are not the ones occupying the thrones they will always end up revolting.

Of-course in the future revolting against emperors will be as dangerous (if not more dangerous) than in the past. Mass surveillance and robots, drones, automated armies will be able to put down massive revolts.

I think the only way for us not to keep murdering each other is to ensure that our system is based around free market capitalism, because free market capitalism at the very least provides tolerable (and possibly pleasurable) life styles even for people who are not exactly on the top of the highest of pyramids.

Comment Re: Fake news? (Score 1) 373

Ha, funny that you think that having bad credit is OK for somebody with no production capacity. Good luck feeding yourself once nobody takes your money in exchange for their goods anymore. You think you can restart your productivity without any capital savings and without a credit line? Sure, maybe, but it will take extraordinary sacrifice and possibly a deadly war and if your productivity is negative (USA productivity is negative given over twenty years of half a trillion dollars a year trade deficits) then you are not exactly in a position to wage a prolonged war against a productive adversary either.

Comment Re: Better be ready to be beat up when layed off w (Score 1) 499

I think it is perfectly fine that some people will lose their investments, I did lose quite a bit time and again, you move on and do something else.

I realise we are talking about a large percentage of population that may become economically obsolete in some time from now but I actually think that the problem only exists as long as the governments exist and try to 'help' people. Without government oppression labour *is* competitive against many forms of automation, a general purpose android capable of learning and doing what a human can do is not exactly free, it would carry a significant upfront cost, humans can compete, they just will find difficult to compete with the governments 'helping'.

Comment Re:Mostly yes (Score 1) 61

Selling CDs has become a generic term for purchasing an album from a digital provider, as well as physical medium. Vinyl is also included in that, which would sell much less than a CD in physical form. I happen to do both, depending on the circumstances. I admit that it's rare for people to purchase physical media, but the numbers for sales of digital+physical are still used to calculate sales volumes. A band going "gold" (as corrected by AC below) requires selling 500,000 copies of a complete record in _any_ format, digital or physical. A band has never made much money from that process, they make money by performing.

Comment Re: Fake news? (Score 1) 373

I get that you are fully invested into this absolute rubbish nonsensical bullshit government main stream garbage propaganda but try to think once in your life by yourself.

There are no problems with the Chinese economy due to savings, that is garbage. Any asset bubbles are purely pricing issues formed due to government creating inflation (printing money) to buy bad USA debt (USD, bonds) from the Chinese based exporters. The economy in China is netter than ever, producing enough to feed, cloth the world.

China is a productive economy, as in it produces what people everywhere want. USA economy is based on insane unpayable debt and lack of production. I know what I prefer for an economy and it is not the one in debt that cannot produce to satisfy demand.

Comment Mostly yes (Score 1) 61

Then again, I don't see this as a "new" thing. Music artists have generally done very poor from record sales, while ad agencies and music execs who own studios do quite well. Musicians tend to make their money from performances, not from record sales. Records unfortunately tend to do much better in sales after tragedy.

Consider that the average record, 60 minutes or so, costs about $10.00US. Bands rarely go "gold", which would mean$10million in record sales. Deduct from that the cost of the studio, material, mastering, editing and engineering, art work, distribution costs, and there is not much left.

Compare that to a Small/Mid sized band selling 2500 seats to a concert at around 70.00 a seat. That's $175,000, and add in concessions, and you are at $200K. Take away venue costs and security, and you have an easy 100K for the band, techs, drivers, etc..

A good few months of touring can make a band very wealthy, but a record does not make much. You need the records to remain relevant and have recognition, but you don't make them so much for the cash.

Comment Re: Better be ready to be beat up when layed off w (Score 1) 499

I am not simply a 'UBI opponent', I am an opponent of all collectivism. UBI is just another word for communist oppression and I am opposed to government oppressing people.

As to robotic workforce, it doesn't matter what property we are talking about. Somebody owns a building and keeps it up and rents it out, should 'we' take it away because it's the 'building doing the work'? Somebody owns a farm and farms there, the work is done by the land, should 'we' take away the land?

There is no difference here as to what type of a capital asset is developed and used for profit, AFAIC it is unacceptable to take away anything from the person owning the asset, how he came to its possession is mildly interesting, some develop it first hand, some get it as inheritance, doesn't matter. As long as they can maintain and keep the profitability of the asset up, they are fully within their rights to use it to generate that profit and I don't see how it is either moral or economically viable to take away from those, who own and successfully run productive (or even unproductive) assets.

My position is that it is the government that destroys value of money and causes inflation and resource mis-allocation through income and property taxation, business and labour regulation, any form of redistribution. Subtract that from the system and allow it to structure itself in purely market driven manner, many people will be able to live off of dividends and some clearly will not, however policy should not be structured around edge cases, it pulls down the entire system.

Comment Re:Fake news? (Score 1) 373

Children are expected to look after their parents in old age, for example, rather than the state providing as it would in a left wing socialist country

- so the Chinese are *more efficient at looking after the elderly* by not inserting a bureaucracy into the process where none is needed. People save as much as 50% of their income in China, they don't need children to look after them, how much do Americans save?

America - the land of pretend 'capitalism', where nobody has any capital savings.

China - the land of pretend 'communism', where people actually own capital and invest and retire once they worked enough.

Comment Re: Better be ready to be beat up when layed off w (Score 1) 499

in your contrived example, we should just execute Person C because they don't already own a farm and are therefore useless

- it's not contrived and it's not an example, it's a model that explains what is actually happening.

Should 'we' execute somebody? I don't think so. What is 'we'? Let me understand this, the 'we' is the collective, right, government? AFAIC 'we' shouldn't be executing anybody. The collective, the government cannot be given that type of authority over individuals, that's the ultimate oppression against individual freedom.

'We' shouldn't be executing anybody and 'we' shouldn't be oppressing anybody to provide anybody with any fruits of oppression. 'We' should stay out of people's business, 'we' shouldn't be dictating what money and interest rates are, 'we' shouldn't be preventing people from developing the economy in a private manner that corresponds to the principle of individual freedom.

How exactly the free market would solve the problem (or prevent the problem from occurring) that's up to the market to decide, market is a collection of all individual choices, but it must not be decided by oppression and coercion.

The person C may not have anything to trade but his labour, he can do that, he can trade labour (and that's what most people have - their labour) and allow person A or person B to be more productive (produce more) with this extra labour and in exchange for the labour person C can get the food.

Now, it is obvious that person A and person B may want to automate at some point and replace the exact job that the person C could have been hired to do, however the idea is that while one job is automated, this provides opportunity to use the freed labour for other jobs.

Today we have a completely distorted market, one that severely lacks savings and thus can afford very little if any capital investments, this prevents many new businesses from appearing and creating jobs that are *not automated yet*, new jobs. We are not at the end of the line here exactly, where all the things we ever wanted exist and can be purchased at low enough prices for everybody to have them.

People in position of a person C should be able to save and invest some of their savings into businesses that people like A and B run, and without inflation, rules, taxes imposed by the government the dividends from running even a mostly automated business can become substantial source of revenue for people who do not fully own businesses. The actual reason that we don't have that much of that happening today is in the government manipulation of markets, money, interest rates, income and property taxation, regulation, wars.

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