Layoffs

Capitalism & Robots: Towards a Zero Person Economy?

Capitalism & Robots: Towards a Zero Person Economy?

Capitalism is a system that maximizes the freedom of ownership by focusing on investments. Everything else is secondary. Sometimes society can impose a cost on the Capitalists the forces them to accommodate them. However, inevitably the Empire Strikes Back. For example, the concessions to labour unions that upheld Capitalist beliefs was temporary. Once Communism was dead, these unions were destroyed through the Volcker interest rate hikes in the 70s, globalization and the non-enforcement of labour laws (meaning the government let the companies commit illegal acts).