A capitalistic forms of economic exploitation and domination can be reproduced endlessly thanks to 'innovation'.
Harry On Sun, Oct 28, 2012 at 1:53 PM, Alain Sepeda <alain.sep...@gmail.com> wrote: > Your vision is quite common but I think it is incomplete and typical of > countries experiencing slow growth, slow productivity increase... > > Read "the next convergence" > what you describe is the slow growth scenario. > In that case, the wealth concentrate slowly in few hands, that are > determined since the beginning, amplifiying inequality among dynasties > > > In fast growth system, like what happens in poor countries catching back > developped countries, or in developped countries in ebullience phase of > developpement, with huge gain of productivities the sequence is the > following : > > incumbent operators, rich dynasties, fight to maintain their old advantage, > and follow old rules. They obtaine expected gain of their wealth, few%. as > in a slow growing economy. > > unepredicatable agents, lucky, creative, stupid, crazy, try crazy solutions > to be rich... very few succeed, get very rich, but they kill a dozen of > incumbent dynasties or incumbent operator each. They gat a share of the > productivity increase stollen to the incumbent operators, but distribute > part of it to the masses. thos innovators become the incumbent, protecting > their asset... > > the new or old incumbet get toasted by newcommers who redistribute their > wealth, only keeping part for themselves... > > Capitalism wors quite fairly if advantage is temporary. > It is temporary only if innovation happens , and kill old non-innovative > incumbents. > > LENR will disintegrate some incumbent, make some billionaires, and > distribute the wealth to the masses... until there is nothing more to > innovate. > > > 2012/10/28 Jeff Berkowitz <pdx...@gmail.com> >> >> Yes. >> >> Leaving aside nightmare scenarios like nanobot infestations and >> genetically modified diseases and the rest, sticking strictly to the >> economic consequences of computer and mechanical technologies: there's some >> evidence we're seeing these effects right now, in the unemployment numbers. >> I came up with the image below to suggest the sort of "self-perpetuating" or >> "positive feedback" nature of what may be going on. >> >> The image uses a few concepts. One is "reach", by which I mean the ability >> of the lucky few winners using modern technology to supply the services that >> formerly required the work of many - "reach" is the consequence of the idea >> of "scalability" discussed in Taleb's book "The Black Swan". Reach causes >> concentration of wealth as the lucky few (e.g. Google) replace the services >> previously provided by (e.g.) many local newspapers. The image also relies >> on my belief that concentration of wealth in fewer hands tends to reduce >> overall economic activity, as explained in the blog entry I posted here >> previously. Accepting these ideas, we get the nasty positive feedback cycle >> shown in the image. >> >> Jeff >> >> >> >> On Sun, Oct 28, 2012 at 7:12 AM, Jones Beene <jone...@pacbell.net> wrote: >>> >>> The Atlantic sets the stage for the 'scary season' (the election, not >>> Halloween) with a piece on machine intelligence, echoing Bill Joy's >>> classic >>> article >>> >>> >>> http://www.theatlantic.com/technology/archive/2012/10/the-consequences-of-ma >>> chine-intelligence/264066/ >>> >>> No Joy here: "Why the Future Doesn't Need Us >>> <http://www.wired.com/wired/archive/8.04/joy.html> " >>> >>> http://www.wired.com/wired/archive/8.04/joy.html >>> >>> And now that the Governator is back on the streets, and the real >>> Terminator >>> is being perfected faster than suspected ... >>> >>> http://www.youtube.com/watch?&v=FFGfq0pRczY&feature=etp-pd-nxx-62 >>> >>> Woooo.... Just in time for the LENR power module to make it fully >>> autonomous >>> (as long as it avoids metal stamping presses)... >>> >>> ... so all in all - I'd have to opine that future is pretty scary, even >>> without hundreds of little gremlins and witches prowling the streets with >>> bags full of candy... >>> >>> ....and the scare may not be that far away - no matter who gets elected. >> >> >
