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-------- Original Message --------

Subject:	Technology to Bring Capitalism and Democracy to an End?--RE: Foxconn robots . . .
Date:	Mon, 12 Nov 2012 10:45:16 -0800
From:	Jas Jain

To: Jas_Jain

Subject: Foxconn robots . . .
Date: Mon, 12 Nov 2012 10:22:24 -0800

http://singularityhub.com/2012/11/12/1-million-robots-to-replace-1-million-human-jobs-at-foxconn-first-robots-have-arrived/

 

The acceleration of use of robotics in the context of the emergence of intelligent systems is about to begin, with the associated loss of tens of millions of jobs and purchasing power of labor around the world with no replacement employment on the horizon at anything approaching the numbers of jobs that will be lost for many years to come.

 

I've heard that MCD is now installing self-order kiosks in test locations on the West Coast, and the first self-checkout machines for JCP will be installed after the holiday season. This trend will accelerate and spread across sectors much faster than most realize at this point, as the so-called "take-off" phase begins.

 

We don't realize it yet as a mass-social recognition, but the era of paid wage and salary employment with or without medical benefits is about to come to an end for a growing plurality and then majority of us. There is currently no viable alternative division of labor and system of purchasing power awaiting adoption and evolution.

 

Eventually, most of us simply will not be required to perform work for a wage or salary; therefore, we will not have purchasing power to subsist, and gov'ts cannot hope to persist from revenues on labor income. It will not matter how "educated", skilled, ambitious, conscientious, desperate, or resourceful one is, paid employment will not exist as time progresses.

 

This will surely bring the democracies of the West to an end and rest of the democracies, e.g., in South Asia, might falter even sooner. Needless to say, the end of capitalism, due to the success of technological innovations!, that Schumpeter predicted would come about the same time. I feel very confident in my forecast of end of democracies, one by one, by 2030.

Jas

 

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