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@DellAnnaLuca Great example.
Governments then should start issuing debt to build robots for mining and other raw material production before they begin using robots in other industries.
Unfortunately that’s not likely to happen. Which could very well lead to shortages.
@DellAnnaLuca I also assume that the gov will just print the money to buy the robots/ issue gov contracts.
It’s the old idea of good debt = buying production goods
Bad debt = buying consumption goods.
@DellAnnaLuca Good point.
I guess they technically don’t.
Still it seems a fine line.
In the us musk has teamed up with trump.
That’s literally an alliance between business and government.
@DellAnnaLuca The money is just a proxie for productiveness.
We produce something useful and get money as a way to store the productiveness we created.
Which is why economist call factories capital goods. They are actually the valuable thing, not the currency.
@DellAnnaLuca I don’t get it
Right now we have factories + people making stuff. And the people pay taxes.
I’m the future we’ll have factories making robots to make stuff.
So we won’t have to tax people. The same people will run the factories and the work will be done by robots.