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NOBEL ECONOMIST: 'I dont think globalisation is anywhere near the threat


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2016 Dec 24, 9:03am   769 views  2 comments

by marcus   ➕follow (7)   💰tip   ignore  

NOBEL ECONOMIST: 'I don’t think globalisation is anywhere near the threat that robots are'

http://uk.businessinsider.com/nobel-economist-angus-deaton-on-how-robotics-threatens-jobs-2016-12?r=US&IR=T

Addressing the theory that Donald Trump's victory in the US presidential elections was fueled by a backlash against globalisation, Deaton told the FT: "Globalisation for me seems to be not first-order harm and I find it very hard not to think about the billion people who have been dragged out of poverty as a result. I don’t think that globalisation is anywhere near the threat that robots are."

He added: "It’s hard to think that Mark Zuckerberg is actually impoverishing anyone by getting rich with Facebook. But driverless cars are another matter entirely."

Obama's White House warned on Thursday that advances in artificial intelligence and robotics have the potential to wipe out millions of jobs in factories and industries like trucking, potentially increasing inequality.

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1   marcus   2016 Dec 24, 9:09am  

It's interesting that a lot of people that understand this, would not try to undo or stop the progress of technology, and yet they would like to undo globalization. And yet at the same time they are for world wide capitalism and free trade.

Using robots is probably the way that we will ultimately be able to complete better with China in manufacturing.

2   Strategist   2016 Dec 24, 1:13pm  

marcus says

It's interesting that a lot of people that understand this, would not try to undo or stop the progress of technology, and yet they would like to undo globalization. And yet at the same time they are for world wide capitalism and free trade.

Using robots is probably the way that we will ultimately be able to complete better with China in manufacturing.

Well done Marcus, you said something correct for a change.

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