Sam Ghandchiسام قندچي Marx's Diminishing Returns Accompanies Kurzweil's Accelerating Change
Sam Ghandchi
http://www.ghandchi.com/1968-marx-plus-kurzweil-english.htm

تنزل نرخ سود مارکس با تغییر پرشتاب کرزوایل همراه است
http://www.ghandchi.com/1968-marx-plus-kurzweil.htm

 

Every time Ray Kurzweil is asked about the consequent job loss of Law of Accelerating Returns (1), his response is that the loss is relative and more new jobs are created as it was the case with the Industrial Revolution. The new research shows Law of Diminishing Returns which Marx discussed in the third volume of Capital not only is at work nationally but is at work globally in our times. A comprehensive research entitled "Manufacturing matters…but it’s the jobs that count" (2) has been published last month by Cambridge Journal of Economics on Feb 19, 2018, which shows this reality beyond any doubt. Thus as long as the reward system in countries like the United States basically relies on work for income, this reality about adverse economic impact of global industrial and post-industrial economy on jobs will get worse. The solution offered by futurists to eliminate scarcity is the only solution to the problem (3) which so far has basically worked in information based products such as software, books, videos and music, but in areas such as housing and utilities the prospect for such elimination of scarcity are not within reach in near term and social solutions such as a Welfare System which has only been available precariously in Western Europe, is needed to offer a form of comprehensive unemployment benefits to be an Alternative Income (4) or at the minimum a UBI (5) for human society, nonetheless the long-term solution is certainly tied to human engineering (6).

 

Hoping for a democratic and secular futurist republic in Iran,


Sam Ghandchi
Iranscope Futurist Site
http://www.ghandchi.com

March 11, 2018

 

Footnote:

 

1. Ray Kurzweil + Peter Diamandis: Disruptive Technologies, Mind-Boggling Predictions, and ‘Dangerous Ideas’
https://livestream.com/a360/ray/videos/164210942

 

2. Jesus Felipe, Aashish Mehta, Changyong Rhee: Manufacturing matters…but it’s the jobs that count, Cambridge Journal of Economics
https://academic.oup.com/cje/advance-article-abstract/doi/10.1093/cje/bex086/4872550?redirectedFrom=fulltext

Jim Logan: Why manufacturing jobs aren’t likely to return, UC Santa Barbara
https://www.futurity.org/manufacturing-jobs-united-states-1698712-2/

 

3. Futurist Party Aims for What Marx Deferred to Distant Future
http://www.ghandchi.com/1677-marx-omission-futurist-party-english.htm
حزب آینده نگر در پی هدفی که مارکس به آینده دور موکول می کرد
http://www.ghandchi.com/1677-marx-omission-futurist-party.htm

 

4. Alternative Income-Social Justice in Post-Industrial Society
http://www.ghandchi.com/427-AlternativeIncomeEng.htm
درآمد آلترناتیو-عدالت اجتماعی در جامعه فراصنعتی
http://www.ghandchi.com/427-AlternativeIncome.htm

 

5. The Result of UBI
http://www.ghandchi.com/1478-ubi-result-english.htm
نتیجه درآمد تضمین شده
http://www.ghandchi.com/1478-ubi-result.htm

 

6. New Variant to Meet Human Needs
http://www.ghandchi.com/human-variant-book-english.htm 
واریانت جدید برای تأمین نیازهای بشر
http://www.ghandchi.com/human-variant-book.htm 

 

 

Related Article

Ray Kurzweil's Response about Impact of Law of Accelerating Returns on Housing, Clothing and Food
http://www.ghandchi.com/1970-kurzweil-scarcity-english.htm

 

 


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