(June 18, 2016 at 2:10 pm)abaris Wrote: [quote pid='1306497' dateline='1466271713']
In the case of CEOs it's to rake in the next bonus by pleasing the stock holders. But it's bound to fail. If everyone's earning a pittance, sooner or later there's noone left to buy the goods. Might be another one or two decades, but I see a mega bubble on the horizon, if the whole system doesn't change. Which it probably won't, as long as there's still money to be made. Every incentive is rigged towards short term gain. At least for the ones running the show at present.
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I was once at a presentation by the then CEO of IBM UK who said the ultimate goal was for someone to have an idea for a product, tell the computer that idea, the computer designs the product robots make the product, mine the materials and transport them. I just looked at him thinking who will BUY the product when no one has a job? It may even be that the computer has the idea for the product, taking people out of the whole chain.
You can fix ignorance, you can't fix stupid.
Tinkety Tonk and down with the Nazis.
