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Redleg

(6,767 posts)

14. Capital has benefitted the most from automation, at least over the last 30 years or so

Reply to -misanthroptimist (Reply #13)

Thu Nov 20, 2025, 10:31 AM

Thursday

This is evidenced by the steeper upward curve for productivity compared to average wages (adjusted for inflation). I believe that this "AI revolution" will only accelerate the transfer of wealth to the very wealthy at the expense of the rest of us. I think you and I could probably find agreement on a number of things.

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Are We Humans or Homo Economicus? Why Economics Needs to Evolve Beyond Growth [View all] Celerity Nov 14 OP

Captive chimpanzees do that. I wonder what they do Phoenix61 Nov 14 #1

Seriously, why do we need economics at all? -misanthroptimist Nov 14 #2

Fretting about the costs is pointless? Redleg Nov 14 #5

Cost is an abstract and limited construct -misanthroptimist Nov 14 #7

It seems a big gulf between "ignoring costs" and the notion that "the entire idea is antiquated and unnessary" Redleg Nov 16 #9

"Cost" is indeed an abstract. -misanthroptimist Monday #10

Many concepts are abstract but need not be ignored Redleg Tuesday #11

Where the argument leads -misanthroptimist Thursday #13

Capital has benefitted the most from automation, at least over the last 30 years or so Redleg Thursday #14

You're probably right that we would agree over a wide range -misanthroptimist Friday #15

Indeed. We should be leading the world in development and use of renewable energy Redleg Saturday #16

Well worth the read leftstreet Nov 14 #3

A good number of the more recent winners addressed the limitations of rationality Redleg Nov 14 #4

Not sure it's valuable in the framework of Capitalism leftstreet Nov 14 #6

I don't understand your point Redleg Nov 16 #8

Good Read malaise Tuesday #12