I was going to write a full analysis regarding this, but Stefan Molyneux, bless his heart, just came out with a video that went through all of my points and numbers for me. So instead of writing a big ‘ol blog post about this, just watch the above video. He makes literally all the same points I was going to make, and he even illustrates some of them better than I could.
Some of the key points I was going to talk about that he addressed:
– A massive welfare state can’t work long-term because of the basic laws of economics. Robots and/or automation doesn’t change the basic laws of economics. As I’ve said many times, socialism/communism don’t suddenly start working because robots.