Thanks I will certainly read, and thanks for the posts they have been interesting.
This appears to be quite a hot topic atm:
http://ftalphaville.ft.com/2012/12/10/1303512/the-robot-economy-and-the-new-rentier-class/
http://krugman.blogs.nytimes.com/2012/12/08/rise-of-the-robots/
Ok, clearly this thread has got so long that people can't be bothered getting the jist of it before replying so time to put it to bed.
But just a hint, nobody has said anything about technological progress being a bad thing. The purpose of this thread was to discuss the political consequences...
Wow, I am genuinely surprised you guys don't see this coming, I guess maybe because I work in technology it's so obvious to me.
15 years ago a big project in my field would have a team of about 100 people, now that same project would have about 15, and the projects are getting fewer if...
So what economic system would be an improvement? China and USSR are/were hardly known for their environmental policies if you think state socialism is the way fwd.
I think this is relevant:
http://ftalphaville.ft.com/blog/2012/08/10/1096031/3d-printing-rise-of-the-machines/
"Low-cost production techniques could soon become so advanced and so low cost â thanks to developments like 3D printing â that even the tiniest salaries in Africa will not...
I am trying to get my head around swing trading after having experimented with longer term methods for some time. I am using the floor trader method (http://www.trading-naked.com/FloorTraderMethod.htm) for FTSE 100 stocks with slight modifications. I have added a 50 period SMA to help ensure I...
If all work can be automated and goods can be produced at the click of a button, which I suspect will happen, and I don't have to work anymore then I am all for it. But who would be pushing the button, for me that is the important question.
BTW Henry Hazlitt covers all this in his book...