Prices falling to their marginal cost of production does solve. Just hard to see from our existing system that dominates your view.
You don’t pay for the air you breath - why not? Marginal cost of production is zero - except in space or underwater where marginal cost is higher to service that air.
As jobs are replaced, prices fall naturally allowing people more for less which is the entire point of technological progress.
It is hard to understand, yes. How can the marginal cost of living become 0? There is always some sort of minimum energy required to produce something, even if everything is done by machines/AI. And if it’s not 0 how do the many people that have no jobs afford even the cheapest necessities. The only option I see is UBI. But where will that come from? What do I not understand/see that you do?
Follow the trend instead of trying to think of the system in absolutes and designing flaws into it based on them.
(The money from UBI would “have” to come from making things more expensive)
Energy too is likely to follow the trend towards free and abundant.
Have you ever lived in a place that experienced generational unemployment driven by technology?
Because this isn’t what happens.
Karl Marx went deep into this argument. He believed that technology would free laborers from the constraints of capital by enabling them greater productivity and consumption with less work. That didn’t turn out to be the case. Capitalists controlled the technology, so they pocketed the value difference created by it, and just had laborers working for less money.
The people will only gain from the growth in productivity if those gains are not co-opted by our masters. The masters’ plan is to use the technology and make the workers obsolete and destitute. The jobless and poor are the easiest to control.
You hit the nail on the head! With bitcoin our masters can’t co-opt the gains because in a currency with a fixed supply, the productivity gains go down to the workers via the increase in purchasing power. Power is taken away from the elites. Capitalists can still control their capital equipment but they can’t control the economy. The protocol controls the economy to benefit everyone!
Someone had asked what's one of the things a #Bitcoin world will bring about that is most important to you:
My answer is a serious reduction in the work week. As technology brings prices closer to cost, your cost of living goes way down, which means more time spent with family, friends, and hobbies. Will be an amazing world where everyone only has to work a few hours a week for the necessities and open up time for creativity and invention of things we can't even dream.
I hope that’s what we will see
