PUBLIC FEED: The Future of Capitalism

by Team Gerd · 89 items
The latest shares by TeamGerd

“Sam contemplates the near future when AI and robotics have reduced the cost of labor for most things to zero.This consequently leads to the removal of human labor. His point echoes the labor theory of value as developed by Adam Smith, David Ricardo, Karl Marx and the classical economists. As automation is responsible for more and more of human output, the labor contained in products and services will shrink towards zero. As that happens, prices will also trend towards zero because the cost of production of everything will trend towards being free.”

[CORRECTION] One perspective on Worldcoin
https://www.exponentialview.co/email/25f2ab2c-1a63-4cfc-878f-c58519367e34/
via Instapaper
“Sam contemplates the near future…

Gerd Leonhard

April 12, 2022

Text