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RE: RE: Automation Stepping Up Due To COVID
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RE: Automation Stepping Up Due To COVID

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"Our economy is a miraculous mechanism that always seems to balance these things out, either by good planning or by mistake. So I don't know how the unskilled labour are going to find work and what type of work they will do in the future but what I do know is we have a mechanism for adjusting..in that the economic system. And for those left behind some countries better than others have a social security system to provide a safety net."

Our economy is a mess. It's a mess of debt piled on top of debt and history shows us that economies do collapse over the centuries when they have massive debt like we do.. I know in America.. its a rather young country still of only 300 years old so its looking like it won't even make it longer than Rome did.

As far as the economy always seems to balance things out. No it doesn't its been getting historically worse for many. Many people are a great deal poorer than they were decades ago. They go well you got tablets and microwaves. Sure we got tablets and microwaves for people who always screaming tech has made our lives better. The problem we don't got food to put in the microwave. We too hungry to extract knowledge from the tablet lol.

These social security systems you speak of. I assume you more than likely speaking of the ones in the west. Sure they haven't collapsed yet. They on the verge of it. They still function but i think its very dangerous to make the assumptions they can hold up under the pressure because there will end up being a large increase of people on them

They are very poorly designed generally the people on them they get trapped in cycles of these systems they don't allow for economic stimulus or growth unlike ubi which allows people to collect benefits and still create jobs and work with a safety net.

So sitting back and hoping or burying our heads in the sand. Is not a solution lol. I don't get why we haven't figured out that maybe we should be using blockchain technology to resolve this issue. No instead we create pyramid and ponzi schemes that are even worse than the mechanisms in our standard economy.