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TheEVEInspiration
Peter Schiff
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Comments by "TheEVEInspiration" (@TheEVEInspiration) on "Automation: Destroying Jobs or Creating Productivity?" video.
Counter arguments are rooted on fear and of not understanding free markets properly! Imagine farmers being replaced by robots. Does this prevent a current farmer unable to change a line of work from going on, on a smaller then before scale to feed himself? Not in a free market, all he will be doing is become less efficient and have less luxury then competing automated farms. The real obstacle is the power that limits to do what you want to adapt. For example trough taxation and/or regulation.
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We really are not there yet as we can't and probably will never automate all things. It would be too painful to evolve our way to the extend we our self are obsolete! It would mean we have to create intelligence larger then our own, very dangerous! That said, we already have a resource based economy, since the day the 1st man walked the earth! Your share of the resources today is represented by your purchasing power and you can get more by working to supply the needs and wants of others!
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