>1) Vote for politicians who are going to create real structural change in society, e.g. Bernie Bernie Sanders 2011: American dream more apt to be realized in Venezuela where incomes are more equal…
Ostler was a human job. The parent comment implied that horses had jobs.
The cost of automated processes approaches zero over time, because automation can be scaled up so easily, so the cost of human labour, and scarce natural resources, will always trend toward 100% of the cost of…
>There is no fundamental relationship between taxing profit and investment. The sole motivation for investment is profit. As profit declines, fewer investments are justified by the projected ROI. >If a company makes 20…
>Horse jobs (horses are a special and strange kind of human) are nil. There is no such thing as a horse job. Horses are not people with legal rights. They are property, that was replaced as soon as a better machine came…
Could you explain a little more explicitly what you are referring to, and what you think the solution will be?
>Average wage can go up while national income goes down. Only sustained increase in national income can support sustained wage growth. Wage growth that comes out of increasing labour's share of national income is…
Right, but who knows how property is best configured to serve society. Given the market's profit loss system aligns the interests of private investors with the interests of society, private investors do. Not only do…
>If a company invests their excess cash then that money is spent and is no longer profit and no longer taxed. I was using a simplified example that ignores deductions. You're right of course. But that doesn't change the…
>Industrial machines such as the Jacquard Loom could only affect one industry at a time. And in doing so we brought about the service economy. The power loom was but one variation of a more fundamental technology: the…
Please do dig it up, because I find it highly unlikely that in an environment where the average wage increases by 20% over a generation, that the children of those who had been in one of the many occupations that had…
Yep I assumed they believed in tech unemployment but I checked my assumption and couldn't find any evidence for it. However I will say that in the long run it is very unlikely that the majority of Luddites were not far…
The Luddites were wrong in the sense that they and their children for the most part had far better jobs than they did before the power loom. Automation has always caused improvements in the occupations that exist.
Corporations also have record high corporate debt levels right now. Cash reserves are vitally important as cushions to provide stability in a volatile economy that crashes every few years. Companies correctly became…
So basically you believe in the Luddite fallacy that automation hurts workers. http://www.economicshelp.org/blog/6717/economics/the-luddite... Welfare hurts incentives and misallocates capital from those who invest it…
You're deflecting with a change of subject. This is the kind of attitude that is typical of the pro-censorship crowd.
Hearn is right. The wider world simply doesn't know how dysfunctional Bitcoin is, mostly because of the censorship taking place on the main communication channels. You will literally be banned from /r/bitcoin if you…
>1) Vote for politicians who are going to create real structural change in society, e.g. Bernie Bernie Sanders 2011: American dream more apt to be realized in Venezuela where incomes are more equal…
Ostler was a human job. The parent comment implied that horses had jobs.
The cost of automated processes approaches zero over time, because automation can be scaled up so easily, so the cost of human labour, and scarce natural resources, will always trend toward 100% of the cost of…
>There is no fundamental relationship between taxing profit and investment. The sole motivation for investment is profit. As profit declines, fewer investments are justified by the projected ROI. >If a company makes 20…
>Horse jobs (horses are a special and strange kind of human) are nil. There is no such thing as a horse job. Horses are not people with legal rights. They are property, that was replaced as soon as a better machine came…
Could you explain a little more explicitly what you are referring to, and what you think the solution will be?
>Average wage can go up while national income goes down. Only sustained increase in national income can support sustained wage growth. Wage growth that comes out of increasing labour's share of national income is…
Right, but who knows how property is best configured to serve society. Given the market's profit loss system aligns the interests of private investors with the interests of society, private investors do. Not only do…
>If a company invests their excess cash then that money is spent and is no longer profit and no longer taxed. I was using a simplified example that ignores deductions. You're right of course. But that doesn't change the…
>Industrial machines such as the Jacquard Loom could only affect one industry at a time. And in doing so we brought about the service economy. The power loom was but one variation of a more fundamental technology: the…
Please do dig it up, because I find it highly unlikely that in an environment where the average wage increases by 20% over a generation, that the children of those who had been in one of the many occupations that had…
Yep I assumed they believed in tech unemployment but I checked my assumption and couldn't find any evidence for it. However I will say that in the long run it is very unlikely that the majority of Luddites were not far…
The Luddites were wrong in the sense that they and their children for the most part had far better jobs than they did before the power loom. Automation has always caused improvements in the occupations that exist.
Corporations also have record high corporate debt levels right now. Cash reserves are vitally important as cushions to provide stability in a volatile economy that crashes every few years. Companies correctly became…
So basically you believe in the Luddite fallacy that automation hurts workers. http://www.economicshelp.org/blog/6717/economics/the-luddite... Welfare hurts incentives and misallocates capital from those who invest it…
You're deflecting with a change of subject. This is the kind of attitude that is typical of the pro-censorship crowd.
Hearn is right. The wider world simply doesn't know how dysfunctional Bitcoin is, mostly because of the censorship taking place on the main communication channels. You will literally be banned from /r/bitcoin if you…