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reidlos1624 t1_j9dwhcr wrote

Right, which is why I think we need to move past capitalism. Capitalism does some stuff really well (the whole problem of scarcity as seen by developments of industrialization and automation) but even Adam Smith saw the dangers of wealth being concentrated at the top and wrote about the duty of the government to regulate industry and capital. AI and automation may finally force us to change our perspective on the notion that profit is the only good thing and start focusing on the well being of the people, since that is the government's primary goal. We see right now how profits over people hurt the economy as the largest and wealthiest corporations record record profits while the inflation they created is sucking the middle and lower class dry.

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