Automation puts general population at risk if profits not reinvested in society

Automation puts general population at risk if profits not reinvested in society

Photo courtesy Stephen Pace Automation of labour has occurred since the onset of the Industrial Revolution. It’s not new and it’s also not fundamentally a bad thing — unless you hate humans and how we have destroyed the world, which is a very valid opinion. However, the problem with innovations in machine intelligence and automation stem from how we reinvest the wealth it creates.

Automation has allowed us to feed and shelter our ever-increasing population, but that is a result of automation, not its cause. Its driver — as always — is capitalism. If the market’s invisible soul did not […]

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