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Capitalism is the real, and only, solution to job creation.
Here are some examples of what capitalism can do to create jobs.
Welcome to Robotic Turnkey Solutions
Robotics can handle 'almost' anything a human worker can do, only they are more efficient and more precise, plus robotics don't require costly health insurance premiums or other taxes and fees. Robotics are energy efficient.
The Future Of Outsourcing
Workers' fears have some grounding in fact. The prime motive of most corporate bean counters jumping on the offshoring bandwagon has been to take advantage of such "labor arbitrage" -- the huge wage gap between industrialized and developing nations. And without doubt, big layoffs often accompany big outsourcing deals.
Yeah, let's try more of that capitalism thing. It's working great so far. We just need to give it more time. There's 6.7 billion people on this planet and many of them want jobs. Capitalism's solution? More robots!
Capital is dead labor, which, vampire-like, lives only by sucking living labor, and lives the more, the more labor it sucks. - Karl Marx
10 comments:
Here's another article from the same author.
"Tiffany & Co. (TIF), A Great China Boom Play"
http://www.investorplace.com/experts/jim_woods/tiffany-stock-tif-retail-stocks.html
This also makes TIF a Great China Bust Play for those who might think in reverse. It's up 154% from the low set in March.
I warned long ago about the coming robot bubble. I can see the future I tell ya!
GYSC,
One we get rid of all those pesky human workers, just think how prosperous we all will become.
Mwuhahaha!
Several years later...
Hey! Why is nobody buying our crap in the malls any longer? OMG! We forgot to loan the robots our money to go shopping!
Stag,
Capital is dead labor, which, vampire-like, lives only by sucking living labor, and lives the more, the more labor it sucks. - Karl Marx
That's certainly an interesting quote. It's very fitting with your robot post too.
However, I'm not sure capital today is what it was during Marx's day. Due to policies of inflation, it seems today's capital is far different than that of yesterday. Capital of yore referred to the means of production. Today, it primarily refers to the recepticles of inflation.
I keep telling people that the true role of the Fed (especially under Greensham and Bernanke) is to preserve the value of fraudulent bank credit. Beyond preserving outright fraudulent wall st. bubble era credit, any time & cost saving technological innovation must be offset with an equally destructive financial sham in order to prevent creative destruction from disrupting the credit system (destroying money). Current eCONomic thought believes we can't allow past debt (credit) to be destroyed more quickly than new debt can be jammed into the system. Perhaps this CONcept wouldn't be so damaging if so much of our credit wasn't bogus to begin with. This wasn't the case in Marx's day.
God help us if we ever discover a dramtically cheaper energy source or make a sudden leap forward with robotics, etc. The system would have a massive heart attack. Imagine how many homes would be lost if we had robots doing all the manual work under today's debt system.
Bernanke never should have let wall st. poison the residential and commercial property markets. Without a healthy desire for property, the credit system has no sustainable collateral. Especially with the pace of today's innovation.
This may have been posted before I came on board here but I thought it was appropriate anyways...
Unemp. by county interactive
mab,
Here's a good read on capital vs. labor throughout American history. Anyone who thinks capitalism is looking for ways to create jobs is smoking something.
http://www.sagehistory.net/gildedage/capitalandlabor.htm
"In all the confrontations of the late 19th century, workers were generally the losers."
G.H.,
Thanks for sharing that link. I've seen similar but not recently.
The unemployment virus sure is resilient to treatment.
That said, perhaps we should have had someone treating the cause of the disease instead of the symptoms.
Kudlow doesn’t even realize how enthusiastically the nation has embraced his Favelanomics: export jobs as fast as possible and accept a dramatically lower standard of living for the average Joe in the name of corporate profits. That’s the name of the game. When IBM staffs-up in India and Argentina, and fires workers here in the USA, its profits soar, and so does its stock. High unemployment in the USA equals high “labor arbitrage” profits for all of our fabulous global mega-corporations.
Joe Sixpack ain’t got no job and can only afford to buy $7 mechanical hamsters for his kids this year. St. Louis-based Cepia LLC, isn’t in the S&P 500, but they follow the same dynamic: they are staffing up to meet the soaring demand for their Zhu Zhu hamsters – in China, of course. Their new Chinese workers will be buying iPhones for their kids next Christmas. After Larry Kudlow cuts off Joe Sixpack’s unemployment benefits (one of Kudlow’s causes), Joe will only be able to afford $3 mechanical mice next year. You heard it hear first: mechanical mice are the hot product for Christmas 2010
http://tinyurl.com/yjsw5dw
That would funny if it wasn't so true.
Kevin
Kevin,
You are right. It would be funny if it wasn't so true.
She seems to walk a bit like a retard, but I guess they will fix that in future versions. Humans don't walk with their torso straight up and knees bent like that. You get the point.
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