Given the tendency of markets to externalize cost to produce at the lowest cost possible, should automatization be expected to be a socially unfriendly market policy?
I think yes, what do you think?
What can be automated, will be automated. Your question relates to my question:
https://www.researchgate.net/post/How_will_knowledge_automation_modify_the_production_function_2000-2050
and some other works: Working Paper The Political Economy of Knowledge Automation
Tech-know-logical evolution is a matter of social shaping, public choice and the degree of 'creative destruction'; contrary to the industrial revolution, which moved in more gradual functions, today we have an exponential process. As exponentiality is never stable and must end up in 'something else' (e.g. implosion, explosion), the first consequences of this great transformation will be socially unfriendly and monopolistic ('anti-market' policy). A social payoff will fully depend on bargaining strategies, which include the common good as intrinsic inclination, in terms of a sharing economy.
Stephen,/.....Any automatization process, production, manufacturing, shipping, taxis.....that is why it is a general question...
Look a my question from the market point of view and the impact that automatization may have on the social component as it externalizes social costs....
In which circumstances automatization should be expected to be socially unfriendly....?
From the viewpoint of political ecology, the question of social cost relates to basic income concepts as economic welfare strategy and how to finance it. The labor market itself will become extremely segmented, microsliced and cut into pieces.
https://en.wikipedia.org/wiki/Political_ecology
https://www.nwcbooks.com/download/ecology-as-politics/
Dear Stephen, as you know I like keeping things simple.....the question is about market policy and automatization, whether it is economy only based market policy/traditional market thinking or eco-economy or ecology and economy based based market policy....when can this relationship be expected to be a socially unfriendly tool?....
The answer is in the nature of that relationship and it can be appreciated from the point of view of social cost externalization or from the point of view of complement or substitute consideration associated with automatization....
I said "given the tendency of markets to externalize cost to produce at the lowest cost possible, should automatization be expected to be a socially unfriendly market policy?" If this is the case, I said I believe that yes, automatization should be expected to be a socially unfriendly policy....as then automatization leads to substitution of social assets/tax payers externalizing those social costs.....
Have a nice day
Well said, dear Lucio ! Let us hope that there will remain enough tax payers to externalize the social costs of automation.
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