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0 pointsforrestthewoods10y ago0 comments

That's not how it works. Automation doesn't put things in the hands of a few powerful companies. Those items become commodities. You don't get rich selling commodities. Corporations spend billions upon billions to make sure they aren't reduced to commodities.

Cheap access to driverless cars will be a huge boon for the poor. Can you imagine what it would be like to have cheap access to goods no matter where you live? To receive delivery of materials cheaply and quickly? That's not a wealth destroyer. That's wealth creation infrastructure.

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jondubois10y ago

Maybe, but what is the point of having all that wealth if only 10% of the population can access it?

If automation replaces 90% of jobs, then you're going to have a lot of unemployed people with no money.

I disagree about automation becoming a commodity. Automation is all about monopolies. You only need to write software once and only the company with the best technology will control the whole market... Why would a consumer use a piece of technology if it is less efficient than a competing piece of technology?

Just look at Intel vs AMD. Intel's CPUs became just a little bit faster, and as a result, in just a few years they decimated AMD financially.

Technology is a winner-takes-it-all game.

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