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Lawjarp2 t1_irqsvve wrote

Fully automated luxury capitalism, where everyone is rich enough to thrive and can choose their own destiny

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OsakaWilson t1_irqup87 wrote

Capitalism no longer works in conditions of post scarcity. Just do a few mental experiments with it. It does not work.

They could still coerce people to work if they created false scarcity, but still that would not resemble Capitalism as we know it.

Post scarcity, communism/socialism is the system that will be compatible with the technology, just as Capitalism was most compatible with the technology of industrialization. Post scarcity communism/socialism is the only way that everyone could be rich enough to choose their own destiny.

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lorepieri OP t1_irsku5j wrote

What if capitalism continues, but applies only to luxury and the higher levels of the Maslow's hierarchy of needs? It's very likely that the majority of people will not satisfied just with the basics.

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OsakaWilson t1_irtpzlb wrote

No doubt markets would continue to some degree, but they would no longer drive the primary economic engine. Therefor, no longer an Capitalism.

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Lawjarp2 t1_irrv20b wrote

Capitalism needs capital not human labour. Robots will be working that's what fully automated means.

Communism will never work in any scenario. To think money is the cause of all issues is stupid. The problem is with people. Remove all money and power will still exist in one or other way causing the same problem. Only shit heads think it will work.

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