What will our economic system transform into in the future?

When I went somewhere for the day with the aliens, while no one was looking, a hole opened up in the universe and on the other side there was a human congregation.

They were showing me the future and they wanted to know my opinion about a change in our economic system, and what did I want there to be in its place?

Well I only knew Capitalism and Communism, and I knew that Capitalism was the only way and Communism was a failure. So I said I wanted there to be Capitalism, but they said no it's going to change. And I asked what other option was there??? But I didn't understand their answer. So, I'm open to opinions. Except not Communism.

What will our economic system transform into in the future?

 

What will our economic system morph into? Re-read George Orwell's masterpiece, "1984". I've been watching the whole world head toward that with little deviation or respite for the past 40 years....

 

A hybid

 

Socialism ... hopefully

 

Robot slave labor. It'll be cool until the Russians sneakily program free will into them.

 

Here's a fairly clear indication of what we'll mutate into as soon as 'Millennials' completely take over the country:
http://www.dailymail.co.uk/news/art...-millennials-prefer-socialism-capitalism.html
http://www.theblaze.com/news/2017/1...efer-to-live-under-socialism-than-capitalism/
https://thefederalist.com/2017/11/01/study-nearly-half-millennials-prefer-socialism-capitalism/

Poor, delusional little bastards.... A decade of laying around on their asses at Mommy and Daddy's house, pawing on their 'smart phones', swapping worthless idiocies with their little bust-out friends, has made them believe that Uncle Sugar is going to give them a subsistence existence for the rest of their useless lives -- for free! And nobody will have to work!

Soon, our adversaries won't even need to bother with any more spending on weapons to confront us with. We're already destroying ourselves... why would they need to...?

. "Khrushchev was wrong... the Americans are burying themselves!"

 

Capitalism fails almost entirely once you have post-scarcity, which nanotechnology will lead to...

 

A free market in which everyone is free from the violent interference of others in organizing their own economic efforts.

 

Oh? When, and how is this going to happen? Will this marvelous new mechanism come into full-flower as a result of the musings of Leftist professors bloviating in some back-East classroom, or will it rise from the efforts and ingenuity of venture Capitalists...?

 

When supply becomes functionally infinite, the entire capitalist price equation no longer makes any sense.

 

I see two major possibilities and they depend on the next few years.
If Trump stays in power we will drift into Oligarchy and extreme capitalism. If he is removed we may begin a move toward more capitalist socialism. Scenario one destroys our middle class mirage completely and scenario two likely makes the Mirage more solid.

 

Yes, and when I can fart perfume and sh*t gold nuggets, the 'tooth-fairy' will be obsolete, along with free-market Capitalism.

So, WHEN? Do you think this idyllic, socialistic state-of-being, where no one does anything but sit around and consume will occur during the lifetime of anyone alive today...? If not, your sad, baseless delusions will only serve as a cruel agony for you and those who think as you do, while time drags on, and as all of you wait, and wait, and wait, and wait....

. "Hey, everybody, sit on your ass! No working allowed! I'm finally HERE!"

 

Rationally, logically, capitalism in its current western form will implode at some point, when it takes perhaps only 20 percent of a population to provide all needed goods and services for a western nation. So, its days are numbered. And so, we can expect and predict some form of socialism to arise, but with a few very rich elites still at the top, calling the shots. So, a reversion to what the history of humanity shows to be normal. A tiny rich elite class of people with the rest of the population, poor.

Perhaps the general population will be paid a stipend, to provide a disposable income in order to buy what the robots make and AI provides. For you cannot remove the income that comes from labor, and still expect for consumers to consume. I know that gets some people upset, when they consider that their blessed capitalism will destroy itself, but there is no way out of it. The only question is, how much human suffering will be endure before we accept the fact that capitalism destroyed itself and move into some form of socialism?

Capitalism can be reduced down to a math equation. And the major factors involved, not a single one can be removed without it imploding, self destructing. That some go into denial over the math involved will not change the outcome.

The cosmic level irony here, is that the maximization of profits, and the means used to do that, becomes a parasite upon capitalism and destroys its host. So in one sense, the greed involved in maxing out the profits for the top, which is a big factor in the current form of capitalism, will destroy the very system which allowed the rich to exist in the first place.

I guess FDR was a genius, in that he knew the importance of a reasonable profit as opposed to maxing out profits. And yet all major religions have always spoken of the evil and destructiveness of greed, no matter where it involves itself. I reckon that as much as some want to say that religion is based upon stupidity, it seems that at least in this area, only religion was intelligent enough to note the self evident. And so religion turned out to be much more intelligent in a real sense than science. More irony.

 

Oh, it will probably be what thinkers in the early 20th century came up with, in England. Basically it will be a system where a population is paid for the work done for them on behalf of the robots and AI. Although they used "machines" which I guess robots and AI applies.

Logically, this is the only economic model that we would have to replace capitalism, with capitalism destroying itself by insisting on removed labor which provides disposable income for humans. For AI and the robots will have no need for food, nor consumer goods. But humans will have to have it.

So, the right wing needs to start preparing for the inescapable and inevitable, although there will be a great wailing an gnashing of teeth before they are driven by logic and reality to accept what they have detested for so long.

There is only one other option, and it is worse than socialism. The end of humanity from some cataclysmic event, whether it be geological, man created, viral infection or an astronomical event which ends human life or reduces it to a bottle neck. I think the right side might choose this option given their ideological hatred of people being paid for doing nothing. LOL

Yet I also understand that many people will just go into denial, and will be under a delusion that robotics and AI will never take away all of our jobs, and that some new sector, some new field will emerge from nothingness which will provide jobs that robots and AI can never do. They cannot imagine what such a sector or field might be, but it just has to arise, surely. For otherwise they would have to accept the end of capitalism and the rise of socialism. And that would involve something like converting all muslims into atheism. But the imagination is powerful, even when not within the realm of reality.

 

I see one variation or another of George Orwell's masterpiece, "1984" as being a snapshot of what the world will be like by the year 2084 -- and very possibly about fifty years sooner than that....

Most of you remember Orwell's model:

The "Inner Party" will own and control everything (roughly analogous to the '1%' of today), who are thought by some already to own and control everything. The "Outer Party" functionaires will be those who kiss the Inner Party members' asses, manage all production, distribution, policing of the masses, conduct the never-ending, 'brushfire-level' warfare, and generally 'run things'....

Then, of course, lastly are the "Proletariat" -- Orwell's "Proles". This massive glut of 'takers' will be provided crap-jobs that none of the rulers or their functionaries want to dirty their hands with, and return the Proles be given various kinds of subsistence welfare, 'subsidies', and/or wages in return.

Here a link for those who have never heard of this remarkably prophetic novel: https://en.wikipedia.org/wiki/Nineteen_Eighty-Four

So, maybe by 2034? Sound about right...?

 

Capitalism isn't the problem, consumerism is. That's a consumer problem, not a system problem. That you put the whole future on the shoulders of Trump is sort of funny. The extremist attitudes of liberals these days is pathetic. Whatever happens that goes wrong for the rest of your life will likely be Trump's fault. Trump is a president, he'll do his eight years and someone else will take over. There will be no oligarchy beginning with Trump. If Trump were removed it would be Pence's turn, so very little would change in terms of policy. You folks need a dose of reality, your fantasy land seems unhealthy...

 

Near death experiencer Dannion Brinkley did have a name for this.......
it may have been Spiritualistic Capitalism........
but I am not certain.

https://www.near-death.com/experiences/notable/howard-storm.html#a04

 

I agree, sadly.

 

But what would make the resources for that supply infinite? Natural resources puts a hard cap on supply. Resource allocation is going to be the next big thing for governments if all things are made by robots.

 

Think beyond the Earth. The Asteroid Belt alone has enough resources for a thousand earths.

 

Perhaps, it depends on the minerals found in them. We know iron and such will be plentiful but what about others. Also you have water, oil, wood, there is a whole lot that can put the breaks on infinite.

 

Pretty much every element found on Earth is also found on other bodies in the solar system. Things like wood and oil have substitutes and water is plentiful as hell in the form of comet ice.

 

That is if we can find it and extract it. IF robots do make everything and we have infinite resources then I do not know. At that point there is no reason to have an economy. Food production and population growth then become the issue. Of course if we are extracting resources from space then we also are most likely living off planet as well. I suppose that leaves us with what is our purpose in life once all physical needs are met?

 

Where is the infinite supply going to come from? Nothing is supplied unless there is a demand for it at a price that covers costs and allows for profit. If supply exceeds demand the price drops, then the supply drops as well.

 

some form of socialism...there aren't any governments that I know of that have acknowledged that the world is headed for an inevitable crash...economic systems are all built around perpetual population growth and unlimited resources, both are impossible it all has to come to an end...and when it collapses all economic systems as they are now will collapse as well... it's unavoidable because politicians don't have the balls to confront the uncomfortable truth...I won't live to see it happen but it will...