Comment Re:Wait (Score 1) 65
The layoffs were baked into the plan all along. There is indeed structural weakness in the system, but it is not about robots or AI erasing jobs. It's about power and money. Corporations and governments have long used crises, real or manufactured, as cover for downsizing, deregulation, and wealth transfer from the many to the few. When a small class accumulates most capital, they seek ever more return. Growth slows, wages stagnate, and they pressure institutions to cut labor costs. In Capital in the Twenty-First Century, Piketty shows how when return on capital outpaces growth, wealth naturally concentrates.The system is built to squeeze labor, not to maintain balance.
As already pointed out, Studies have shown AI is not killing jobs.By framing layoffs as "inevitable technological progress," the discourse absolves decision-makers -- those who choose to cut safety nets while encouraging monopolization -- of responsibility. The complaint becomes: "AI made us do it." but that's a dirty lie. Here's what's in the history books: The Panic of 1907 and similar crises demonstrated how monopolies and trusts not only oppressed competitors but endangered the broader economy. Antitrust enforcement became a means of self-preservation for a capitalist society: restraining concentrated power to maintain legitimacy. Each wave of regulation, from the Clayton Antitrust Act to the creation of the Federal Trade Commission, followed periods when inequality and hardship made reform politically unavoidable. The pattern recurs: concentrated wealth breeds instability, instability produces suffering, and suffering eventually breaks the dam of laissez-faire ideology just long enough for modest correction.
Let's learn from history just this once and frame this problem in the proper terms. Because even the rich didn't do well in those times.
As already pointed out, Studies have shown AI is not killing jobs.By framing layoffs as "inevitable technological progress," the discourse absolves decision-makers -- those who choose to cut safety nets while encouraging monopolization -- of responsibility. The complaint becomes: "AI made us do it." but that's a dirty lie. Here's what's in the history books: The Panic of 1907 and similar crises demonstrated how monopolies and trusts not only oppressed competitors but endangered the broader economy. Antitrust enforcement became a means of self-preservation for a capitalist society: restraining concentrated power to maintain legitimacy. Each wave of regulation, from the Clayton Antitrust Act to the creation of the Federal Trade Commission, followed periods when inequality and hardship made reform politically unavoidable. The pattern recurs: concentrated wealth breeds instability, instability produces suffering, and suffering eventually breaks the dam of laissez-faire ideology just long enough for modest correction.
Let's learn from history just this once and frame this problem in the proper terms. Because even the rich didn't do well in those times.