Premium content for paying members

Why the Robot Age May Create a Massive Deflationary Bust

Premium Content

By Gregor Macdonald on

Tuesday, January 29th, 2013

Executive Summary The transition back to an electricity-centric economy is regressive Declining net energy and peak expansion are co-incident Change that substitutes labor without providing a higher use for it is deflationary and results in inequality Our challenge is to find sustainable work for society If you have not yet read The Siren Song of the Robot, available free to all readers, please click here to read it first. Capitalism demands fast gains in productivity. Capitalism seeks revolutionary change. But it’s not clear whether a revolution in machine intelligence leads to a deflationary boom, per Schumpeter, or a deflationary bust. Writers such

Login or Enroll

This content requires a paid subscription to Peak Prosperity.

From

10 USD / month

Purchase Plan Log in

NOTE: Comments from the old website are still being migrated, but feel free to add new ones. Please be patient while we complete this process. Thanks!

Comments

Only our paying members have access to premium discussions at Peak Prosperity.

Select your currency