Saturday, February 2, 2013

Gregor MacDonald — The Robot Revolution Has A Hidden Dark Side

Facts and figures.

Business Insider
The Robot Revolution Has A Hidden Dark Side
Gregor MacDonald | Peak Prosperity
(h/t Kevin Fathi via email)


frlbane said...

Without the government enforced/backed counterfeiting cartel, the banking system, most of us would be significant owners of "the means of production." But some of you (Dan K?) defend a money system that is based on usury for stolen purchasing power. How was that ever supposed to result in an equitable outcome?

But keep pretending that a few bad actors caused this mess and not the money system itself, eh?

paul said...

Household debt is only1/4th of total debt...the other 3/4th's (business) can't make their payments unless households buy their products.

Household debt is the debt doesn't increase aggregate demand, so it doesn't put upward pressure on prices.