That’s the difference between capitalism and socialism.
In a socialist country, the profits generated by automation would just go to the people, since they own the means of production.
Even a social democratic country is still tolerable given enough UBI, universal socialized healthcare, free education including university, etc…
Capitalist countries without regulations and UBI are totally fucked. I expect riots happening throughout the world. Every country would have their own Tiananamen Square Massacre.
What I fear more than the tech is the idea that when most jobs are replaced with it, people will still be expected to find work somehow.
That’s the difference between capitalism and socialism.
In a socialist country, the profits generated by automation would just go to the people, since they own the means of production.
Even a social democratic country is still tolerable given enough UBI, universal socialized healthcare, free education including university, etc…
Capitalist countries without regulations and UBI are totally fucked. I expect riots happening throughout the world. Every country would have their own Tiananamen Square Massacre.