i am listening to some USA billionaire super stock picker right now. Basically he is saying how automation is going to replace so many jobs, how the USA working class is wrecked and that automation is the place to invest. He spoke of his record of picking Apple, Google, etc, when they were tiny and is now talking about automated cars as the next big investment
recently i watched a very convincing video about how Covid is being used to restructure the 4th industrial revolution, which will revolve around automation
now one thing today's billionaire did not say is the "exponential growth" of his tech stocks have also correlated with a similar (possibly not as large) exponential growth in debt, both private & government
our past industrial & consumerist economy was built on the disposable income of workers
it appears obviously lots of recent corporate growth is based on private & corporate debt growth
how will an automated economy work????
or is the automated world merely a fantasy of the rich & powerful, who will create an automated world worked by slaves (and wipe out the unneeded billions via pandemic)???
please discuss
- Forums
- Economics
- Automation growth vs debt growth ??
Automation growth vs debt growth ??
-
- There are more pages in this discussion • 44 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
KAI
Pilbara Minerals buys land off Kairos part of its York gold project for $20M – and a 2% royalty on any PLS gold sales
STX
Strike hands $48.5M contract to Clarke Energy to produce 20x 4.5MW gas engines for Sth Erregulla
Featured News
TG1
TechGen Metals kicks off airborne geophys survey at Sally Downs copper play – a first for the permit
STX
Strike hands $48.5M contract to Clarke Energy to produce 20x 4.5MW gas engines for Sth Erregulla