Sorry, you've just concentrated power in the hands of a management that
has already been shown to be incredibly corrupt. (My take on this is
that lack of consequences leads to corruption, but that's a slightly
different topic.) Many corporation pay their top management *extremely*
large salaries, while shafting both the lower level employees and the
stockholders. In fact many corporations pay their top executives huge
salaries while losing money hand over fist.
On 01/08/2013 03:30 PM, Aaron Hosford wrote:
If every citizen owned an equal share of every major corporation, all
those profits wouldn't be concentrated in the hands of the few, and
unnecessary competition would cease to be an issue. Additionally, the
interests of the shareholders would then be aligned with the interests
of the customers, meaning corporations would no longer be expected to
screw their customers in favor of their shareholders. (Imagine the
effect on advertising!) Furthermore, as jobs are automated away, the
dividends to all would smoothly increase due to the cost savings,
acting as social welfare without the need for government intervention,
the proverbial robbing of Peter to pay Paul.
It's called the cooperative business model, and it has all the
benefits of the capitalist model and the socialist model combined,
without their flaws. Your neighborhood credit union is one, and it
probably was established during the Great Depression to deal with the
monetary woes that came from the last great wave of automation, when
people stopped working on farms. But currently cooperatives aren't
universal. I'd like to see a universal cooperative, one whose sole
basis for an ownership share is citizenship. I think this is probably
the only way to smoothly transition from our current economic model
into one that's both efficient and fair.
On Fri, Dec 28, 2012 at 11:04 PM, just camel <[email protected]
<mailto:[email protected]>> wrote:
Because in a competitive environment which _requires_ exponential
economic growth you get all the problems we are facing today. You
just ignore technological unemployment and social asymmetries that
get bigger and bigger. Today only a few people benefit from
robots/AI and millions suffer because this socioeconomic framework
does not provide them with the necessities of life once their job
is no longer required to due higher efficiency/automation. Do you
suggest that all the millions of people working at McDonalds will
find new jobs in AGI R&D? Why do the most intelligent people on
this planet have such a hard time to think outside the box when it
comes to economics?
On 01/08/2013 01:19 PM, Matt Mahoney wrote:
I fail to see why people get upset over the prospects of
robots doing
their work for them, and the economic growth, freedom, and
improved
living conditions that go along with it.
--
-- Matt Mahoney, [email protected]
<mailto:[email protected]>
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