Post-2008 GFC: The Silent Depression | The Snider Series | Episode 5 (WiM102)
The "What is Money?" Show
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We Don't Need to Fear the Robots
i take a more optimistic view on the productivity problem, or at least how it's normally said. We've been through these revolutions beforean we don't need to fear the robots. The beauty of capitalism is that if the price of labor goes down, then some really good ideas can therefore be put forward and being put to use. And so we transition from an agrarian economy to an industrial economy. But there has not been economic growth along the way like there had been in the late nineteenth century,. oarthe twentieth century unless a messy process to begin with, is not so easy.
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