So, TPP is not going to happen.

[Rab]

Teeqoz said:

WolfpackN64 said:

Not if those machines would be in the hands of the few, keeping most profits to themselves. A base income could be a good idea, but not at the cost of social programs.

I'm saying that it simply won't benefit the few that own those machines if there are literally zero consumers because no one have jobs. In that case, you can manufacture as much as you like, but if no one buys anything (which they can't, because they will have no jobs thus no money) it won't help them. That's why I'm saying such a system won't happen for the simple fact that it doesn't work at all, for anyone. Not even the 1%.

Regardless of your manufacturing robots, they don't just produce money. They manufacture goods that have to be bought for anyone to profit from it. And for that, consumers need to have money. Since there are no jobs to have, the money will have to come from elsewhere, ie. a sort of basic income/socialism-ish/communism-ish society.

^ This, capitalism as we know it will die a slow death with the "automation of everything", but without customers, some form of Socialim will be required just to help people to be part of this new economic reality. At the rate of tech advancement, this could occur within 100 years