We’d do a different economy and society then. Not democratic capitalism of course. Something with total centralized control.
Our present system is vastly inefficient. 99% of our energy is spent in competition and friction. If we got properly organized, supplying the population with everything it needs would be trivial. Doubly so with heavy automation.
We’d do a different economy and society then. Not democratic capitalism of course. Something with total centralized control.
Our present system is vastly inefficient. 99% of our energy is spent in competition and friction. If we got properly organized, supplying the population with everything it needs would be trivial. Doubly so with heavy automation.
No centrally planed economy has managed that before.
I agree with your point of inefficiency, but your estimation is way off. You are very lucky if you can triple efficiency with centralized control.
A 95% loss in workforce would catapult us back to the stone age where 50% of the population has the sole purpose of generating food.