Automation growth vs debt growth ??, page-11

First 11 Last

Share
Profile

Follow
kickst@rter

2,988 Posts.

258

14/04/21

19:10

Post #: 52469777
Share

Originally posted by ddzx: ↑

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

Expand

Apple and Google market to the masses.

Automation will simply displace labour from one industry into a new one. Western world have massive infrastructure demands which will take decade of manual labour to complete.

Automation could be a good thing.
1 Upvote

Reply