I opened this thread to continue discussion from another thread, there I found several very interesting statement
AbelsFire:
human's inherent inability to predict the futureA very good statement, I think we do not need to predict that much, 40 years are enough. Long term unpredictable and short term predictable, I don't think there will be a lot of change, since the human nature has never changed or very difficult to change in a human's life time, most of the changes are technology related
AbelsFire:
The most we can say is that if people are free to trade voluntarily for mutual benefit the solutions they will arrive at will tend to be optimal.Another great statement, I do not think that "optimal" is enough good, since it leads to very uneven distribution of wealth
Fjordbit:
But who here want's to argue in slavery's favor simply because it has economic benefits? Salvery is always there, it just has been moved from human to oil, minerals, electricity and program, since they do not fight for their own rights
Imagine that in the future, every one owns several robots, then those robots are actually their slaves, some of these people will abuse them and eventually lose them, while some others will utilize them very well and buy more of them, finally there will be an uneven distribution of robots, the same as wealth distribution today, so technology is not the cause of uneven distribution of wealth
Most of the economic theory is trying to optimize the utilization of scarce resource, but when there is aboudant of resource or over production, currently there is no good theory on how these products will be allocated to keep the efficiency high (If you allocate the products to low productivity people, then the producers will get discouraged, if you allocate the resource using market, as described above, some people will lose everything while some others get super rich)
I think entertainment will be the future job, people should work less and spend more time on entertainment and creating new entertainment products, but that require a change in the current salary based system