Reply to post: Car Factories

Basic income after automation? That’s not how capitalism works

codemonkey

Car Factories

Many more cars produced, MUCH less human labour. Does this author really live in the real world? Human labour goes from "living" to "dead", that is, humans, to artefacts that humans have created ( machines ), in all industries.

Having said that, BI would only be one more way that capitalism tried to maintain the profit stream. A stream, as it turns out, that is shockingly bad for humans anyway. It would not surprise me if they gave it a try, given that QE and the socialising of debt was only a sticking plaster.

POST COMMENT House rules

Not a member of The Register? Create a new account here.

  • Enter your comment

  • Add an icon

Anonymous cowards cannot choose their icon

Biting the hand that feeds IT © 1998–2019