What was the pro-capitalisr argument against automation leading to socialism again? I remember reading it and it pretty clearly making sense but I can't find the original article again.
bump
>>131237420
The new wealth created by automation would lead to new things for people to spend money on.
>>131237603
Huh.
>>131237420
Ayn Rand talks of this in The Virtue of Selfishness, have a quote:
Among the arguments used by those who long for a “pastoral” existence, is a doctrine which, translated into explicit statement, consists of: the divine right of stagnation. This doctrine is illustrated in the following incident. Once, on a plane trip, I became engaged in conversation with an executive of a labor union. He began to decry the “disaster” of automation, asserting that increasing thousands of workers would be permanently unemployed as a result of new machines and that “something ought to be done about it.” I answered that this was a myth that had been exploded many times; that the introduction of new machines invariably resulted in increasing the demand for labor as well as in raising the general standard of living; that this was demonstrable theoretically and observable historically. I remarked that automation increased the demand for skilled labor relative to unskilled labor, and that doubtless many workers would need to learn new skills. “But,” he asked indignantly, “what about the workers who don’t want to learn new skills? Why should they have troubles?” This means that the ambition, the farsightedness, the drive to do better and still better, the living energy of creative men are to be throttled and suppressed—for the sake of men who have “thought enough” and “learned enough” and do not wish to be concerned with the future nor with the bothersome question of what their jobs depend on.