Comment Re:This will finally kill capitalism. (Score 1) 496
Socialism will up against the wall before capitalism because its workers will be more expensive and hence, obsoleted first.
Socialism is not about workers. According to the definition in Wikipedia: "Socialism is an economic system in which the means of production are commonly owned and controlled cooperatively; or a political philosophy advocating such a system.". Applied 19th century and early 20th century industrial society, this may have meant empowering the large masses of workers. Applying socialism to a world where robots do most jobs would just mean that everyone gets to share the robots and the results of their labor. People could fill their time educating themselves and doing philosophy, science and creating art.