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http://www.ft.com/cms/s/0/f6f19228-6bbc-11e2-a17d-00144feab49a.html#axzz2Jx0L0kUZ

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...

Relevent: http://www.ted.com/talks/andrew_mcafee_are_droids_taking_our_jobs.html?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+TEDTalks_video+%28TEDTalks+Main+%28SD%29+-+Site%29

Come to think of it their record on starvation wasn't too hot either

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.

Fair enough

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 — thanks to developments like 3D printing — 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...

It was actually a Frenchman by the name Joseph Proudhon http://anarchism.pageabode.com/pjproudhon/property-is-theft

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...

That's an interesting take on it, thanks.

Apart from that your posts have given me a lot to think about, so thanks.

No I am not saying that at all, have you actually been reading my posts or am I really bad at explaining myself? Who could argue that people working less for more is a bad thing? My point is that I think this will create a situation where a centrally planned economy will naturally emerge, which...

Of course a certain amount of "socialism" is necessary, I have no problem with that. When I talk about socialism I mean the final destination, complete collectivasation of the means of production. I just don't see the majority of manual jobs existing in 20 years, I work in software and I am...

I am not suggesting State Socialism as a cure, I just see it as inevitable, I would love for somebody to convince me I am wrong. Western-style capitalism has worked wonders I know, but I think Capitalism is outgrowing it social benefts, i.e. Capitalism is exists with the consent of the people...

Well yes that's my issue with the Venus project as with all collectivist ideas, best of intentions but who gets to administer the robot economy? I don't think their have ever been free markets, I don't think there ever will be, but what we have will seem pretty free in comparison to what's...

Well its cited as an alternative to Capitalism which we are led to believe will mean abundance and equality for all. My point is if it was possible for technology to provide abundance would people see it as necessary to have a centrally planned economy. My posts are veering more and more away...

Yeah I know, the growth is already slowing. On the issue of land being scarce, maybe some kind of land tax a la Georgism would be the answer (in the interim prior to the bubble burst.)