RE: Why I Believe The Upcoming Mass Automation Movement Has The Potential To Start A Class War
Great post! Ironically, the same technology that birthed Steemit is going to put a lot of the upper class out of work. Blockchain-based fintech will decimate the financial sector. Honestly, if you could get paid in SD, pay your bills with SD and save for retirement with SP would you even bother using a bank? Me either. Remittances? Payroll? You can send SD around the world in a few seconds. Bye bye banksters...
How about smart contracts? With smart contracts on a blockchain 80 or 90% of lawyers are out of a job. Moving title on a real estate transaction is trivial and can be done on smartphone. At the coffee shop.
And what about insurance? Dan has written some great material on mutual aid societies. Fat cat insurance companies can be replaced by lean, benign aid societies using blockchains.
Finally, governance. Look around you! Steemit is already becoming an efficient, well-behaved society regulating itself through non-aggression. Bad actors are being dealt with swiftly and effectively. Reputations are being built and stateless identities formed. No big gov necessary.
Automation of the industrial processes is definitely pinching the traditional blue-collar occupations. But I think the white collar occupations are partying on the Titanic right now, and there's an iceberg dead ahead.
Agreed, we can't benefit from the technology and then complain about it.
The upper class can never be out of work because they do not really work.
Stop crying face! formerly in the Middle Ages did not exist industry and yet the population lived well . And there is not to say that the population was smaller because at that time had not frabrica of televizao , cars and other consumer electronics.
The rich lived well..... I don't think you have researched that system well....
I thought the same thing after reading the title.
NOBODY gets out of this upheaval untouched, it disrupts all lives.
read my
https://steemit.com/steemit/@matherly/thoughts-on-the-current-state-of-u-s-multicultural-cohesion-chaos-on-the-rise-or-am-i-just-growing-old
"Redistributing economic advantages will hurt somebody someplace no matter what… in the old model, especially.
But today we have a blossoming peer to peer community. And it is such an exciting time to be living through. Average people are finding ways to make the middle men obsolete. Notary services, compliance officers, and other whole payroll departments are looking at the Ethereum technology and watching their jobs done without the employer needing to pay employment taxes (they do as well as their employees) and pension contributions, etc, and so on.
The Writing on the Wall is in Binary Code"
I'm following you, please follow me. thx
This is so true.
Opportunity dances with those already on the dance floor! #inSTEEM