Intelligent machines replacing workers and creating a deflationary environment was supposed to be great, as it was expected that workers would be able to work less and buy more due to greater efficiency within the system.
In reality, those that leverage the capital never made those returns available to the workers, but extracted more profits for themselves while leaving the jobless destitute.
Aurelius
npub169…v2thg
2023-06-12 00:33:46
Author Public Key
npub169yu4d6xl8a6d4xvfyhstjdxr0cc7qtfq5pch5kwv4k2wkapa3pq8v2thgPublished at
2023-06-12 00:33:46Event JSON
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"content": "Intelligent machines replacing workers and creating a deflationary environment was supposed to be great, as it was expected that workers would be able to work less and buy more due to greater efficiency within the system.\n\nIn reality, those that leverage the capital never made those returns available to the workers, but extracted more profits for themselves while leaving the jobless destitute.",
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