And is there any particular reason why you doubt that? When all jobs become automated, capitalism won't work by definition - "a system where industry is controlled by PRIVATE owners" - because there are no private owners, aka workers. Also, I am sorry to upset your capitalistic feelings, but UBI will have to be introduced pretty damn soon (15 to 20 years maximum), or else inequality will rise to the point where the majority of the population are in poverty. Capitalism is an efficient system of driving economic growth and progress but only so far as only humans are involved. When robots join the game, the situation becomes very different.
Humanity will invariably reach a state of utopia in at most 200 years
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And is there any particular reason why you doubt that? When all jobs become automated, capitalism won't work by definition - "a system where industry is controlled by PRIVATE owners" - because there are no private owners, aka workers. Also, I am sorry to upset your capitalistic feelings, but UBI will have to be introduced pretty damn soon (15 to 20 years maximum), or else inequality will rise to the point where the majority of the population are in poverty. Capitalism is an efficient system of driving economic growth and progress but only so far as only humans are involved. When robots join the game, the situation becomes very different.