Automation eliminates the need to even pay workers, redirecting wages to shareholders and thereby speeding up the wealth extraction mechanism.
#automation
#profit
#wages
#extraction
#inequality
#money
#MoneyCycle
On every single cycle, shareholders collect a portion of the money that changes hands. Eventually, workers/consumers are drained of all resources, and shareholders possess all wealth and power. Shareholders are transformed into oligarchs/aristocracy due to this power and wealth imbalance, enabling them to establish a neofeudalist society.
We have a term in computer science for when a resource escapes from a process and cannot be recovered for reuse. We call this a resource leak.
#money
#MoneyCycle
#shares
#shareholders
#capital
#capitalism
#profit
#oligarchy
#aristocracy
#feudalism
#neofeudalism
#inequality
#GINI
#ResourceLeak
Money moves in a cycle: Consumers pay a company for its products and services. The company pays its workers for creating those products and services. Workers and consumers are actually the same people, closing the loop.
Aaron
KevinOnEarth