Originally shared by Remy Porter

This pretty much addresses why I think migrating away from a capitalist economy is something that we have to get started on years ago. With the coming automation crunch, combined with the way our economy is set up, we’re going to reach a situation where only the owners of capital can actually profit, because they can invest their capital into automation and hope to realize a profit, while labor is useless and superfluous- the best case scenario is that they subsist on a handout in the form of universal basic income, but that’s not really a good solution- it doesn’t address the fact that the owners of capital may continue to accrue wealth while everyone else is sitting around and waiting for the leavings.

We have to reach an understanding that the economy is a tool to achieve wealth for all, not just for an elite. While there is a good case to be made for differential rewards, market solutions do not solve any real problems.

https://shift.newco.co/the-real-reason-this-elephant-chart-is-terrifying-421e34cc4aa6#.90c7q0c84