While other cities have avoided Detroit’s extreme fate, I think the 
nation as a whole faces some of the intractable problems that the city 
does, and I don’t think we have a solution for them.

Take robots (and I really just mean highly mechanized and computerized 
production of commodities). More and more factory work is automated, and 
advances in computer technology could well make it possible to 
substantially increase productivity. This rise of the robots violates 
the deal that the capitalists made with American consumers after the 
great Depression, which is that they would provide people with 
well-paying jobs and the workers in turn would buy the commodities the 
factories produced, in a cycle of consumerism. If the goods can be 
produced without many workers, and if the workers then end up suffering 
long-term unemployment (as Detroit does), then who will buy the consumer 
goods? Capitalism can survive one Detroit, but what if we are heading 
toward having quite a few of them?

It seems to me that we need to abandon capitalism as production becomes 
detached from human labor. I think all robot labor should be 
nationalized and put in the public sector, and all citizens should 
receive a basic stipend from it. Then, if robots make an automobile, the 
profits will not go solely to a corporation that owns the robots, but 
rather to all the citizens. It wouldn’t be practical anyway for the 
robots to be making things for unemployed, penniless humans. Perhaps we 
need a 21st century version of ‘from all according to their abilities, 
to all according to their needs.

full: http://www.juancole.com/2013/07/bankruptcy-americas-globalization.html
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