IMF Managing Director Kristalina Georgieva writes that AI advancements have put the world on the brink of a technological revolution that could increase productivity, raise incomes, and...
there is a fundamental contradiction being ignored here. machines can’t consume the goods they make, humans can. if there is no one (or reduced number of people) for capitalists to sell (i.e demand) due to automation, there will be a mass collapse of all the businesses.
there is a fundamental contradiction being ignored here. machines can’t consume the goods they make, humans can. if there is no one (or reduced number of people) for capitalists to sell (i.e demand) due to automation, there will be a mass collapse of all the businesses.