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Reality


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Registered Apr 30, 2009


Reality's most recent comments:

  • On 19 Apr 2014 in The Alienation of Work, Reality said:

    Rin says

    Reality says

    New jobs will emerge to replace them

    Fewer and fewer, as the decades roll by. Look, I work for monied interests and one of the things they don't like is ... headcount.

    If a rich person can create a fully automated company and only have a CEO and a few salespersons, that's what they'll do.

    So do they then spend all their time and earned money on Amazon? No! They spend that profit from automation on their wives, girlfriends, kids going to school and taking after-school dancing classes, personal trainers, house keepers, land scapers, chauffer, personal cook, etc. etc. These are all jobs! Working the production line will indeed be as obsolete as farm jobs a century ago.

  • On 19 Apr 2014 in The Alienation of Work, Reality said:

    What you are saying is that actuarial jobs will be replaced by computers, just like typist jobs were replaced by computers. New jobs will emerge to replace them, so long as the government does not subsidize unemployment to such a degree that sucking off the government's teets becomes more comfortable than kissing the asses of bosses and consumers.

    Seriously, when all else fails, kissing asses can be a real job. I for one would rather have my ass kissed by a real human being than by a machine. LOL.

  • On 19 Apr 2014 in Corrupted Capitalism and the Housing Crisis, Reality said:

    Wars often boost GDP. They do not boost the real economy, but usually destroy the economy or at least distort the economy into war production that has little peace time value in the eyes of individual consumers.

    Keynes' main career achievement was conflating GDP with the real economy. The poisoning of mind has been carried out wide and deep. Before Keynes, GDP was a metric for debt service capacity, not the size of economy (except from the perspective of a bankster trying to extract from the economy).

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