People do lament poverty and the consolidation of wealth into owners through the displacement of the worker.
If it happened, yeah. Inequality is actually way lower than in the late 1700’s, though. There’s other things that can feed into it or pull it back.
As for the plight of the weavers, I agree, but the root problem isn’t automation. You could say it’s “capitalism”, but I prefer to be more specific. We have a situation where stages of life that everyone is supposed to achieve are exposed to market risk, and they shouldn’t be. A basic income would be good, and maybe some sort of insurance scheme for senior workers that offers a safety net if their industry collapses.
The issue I have with the far left, if that’s where this is going, is that a detailed alternative is never supplied. When pressed, some of them point to Stalinist utopias I don’t believe actually existed, others point to anarchist projects that never quite got off the ground, but neither can actually explain either system at a granular level.
True! I personally feel that UBI would be the easiest pill for the West to swallow. It is totally compatible with capitalism, and addresses the most urgent needs of individuals.
I feel like a slightly more radical solution which is also compatible with capitalism would be laws requiring substantial stake in ownership in companies for workers. Proportional to the quality of employees and time worked. Meaning, that if you work 15 years at Amazon and get replaced by a robot, you see some passive income over time for the value you contributed. Likewise, the sale or liquidation of a company would see past workers getting some sort of payout.
If it happened, yeah. Inequality is actually way lower than in the late 1700’s, though. There’s other things that can feed into it or pull it back.
As for the plight of the weavers, I agree, but the root problem isn’t automation. You could say it’s “capitalism”, but I prefer to be more specific. We have a situation where stages of life that everyone is supposed to achieve are exposed to market risk, and they shouldn’t be. A basic income would be good, and maybe some sort of insurance scheme for senior workers that offers a safety net if their industry collapses.
The issue I have with the far left, if that’s where this is going, is that a detailed alternative is never supplied. When pressed, some of them point to Stalinist utopias I don’t believe actually existed, others point to anarchist projects that never quite got off the ground, but neither can actually explain either system at a granular level.
True! I personally feel that UBI would be the easiest pill for the West to swallow. It is totally compatible with capitalism, and addresses the most urgent needs of individuals.
I feel like a slightly more radical solution which is also compatible with capitalism would be laws requiring substantial stake in ownership in companies for workers. Proportional to the quality of employees and time worked. Meaning, that if you work 15 years at Amazon and get replaced by a robot, you see some passive income over time for the value you contributed. Likewise, the sale or liquidation of a company would see past workers getting some sort of payout.
Worker ownership also has potential, and I support it! The one sticky issue is things like tech startups, with few employees but large startup costs.