DonFerrari said:
Teeqoz said:
The concept of the Invisible Hand is the principle that people acting for the best of themselves often end up doing more good for society than someone with the goal of improving society. That's the idea anyway. It doesn't require a completely laissez faire market, and it can also count for voting for political actions such as UBI. But honestly, the entire concept of "an invisible hand" flies out the window once you accept that there is no such thing as true altruism anyway.
You are really overestimating the use of human labour in a world where computers are better at literally everything. Why on earth would an entrepreneur need people to do jobs when we are both horribly inefficient and expensive?
All the other times new technology has replaced human jobs, there has always been other tasks humans were still better at. There won't be this time. No point in sticking your head in the sand and pretend like it won't happen. If computers can literally think better than humans, what can a human offer compared to a computer?
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And what invisible hand is the government making rules and giving money they have to steal from others before?
There will always be things human will do better. If at one point robots do absolutelly everything better then there won't be any job at all no needs to attend anymore, so we would be post economy and theory of scarcity.
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Government enforce the will of the people <- government is elected by the people who vote selfishly. There's your invisible hand.
The invisible hand isn't intrisically tied to laissez faire capitalism you know. In fact, the idea of capitalism hadn't even been expressed when Adam Smith coined the term....
And yes, in the medium term, there will be a few things humans will do better, but not enough to employ everyone.
