>>7601
>Years ago, the US gasoline companies saw their profits fall, because there was too much product on the market. In response, they shut down many of their refineries. Doing so mean their product was produced less, resulting in scarcity and increasing prices. Sucked for the people working at those plants, but they had to go find other jobs, and the gas companies increased profits.


And why do you stop here?

They closed refineries because productivity was so high that there was no work left for those refineries but what happened to the people who got fired?
like I said what required 1000 people with old technology now requires 10 people so where you put the rest of 990 who lost their job?

you may suggest that they will get be employed elsewhere but productivity is increasing in all areas so people are being fired from all jobs not hired.

now, for example, self-driving cars and planes are coming which will destroy tens of thousands of jobs in the US only where do you think all those people will get employed? even shos are replacing cashiers with robots. and all experts unanimously predist that even more jobs will be lost in future.

so what capitalism can do about that? how is it supposed to adjust to this situation?

It is not that big problem when just one market sector is collapsing, but what do you to when it happens to everything?
What capitalism will do when people everywhere are losing jobs and income so they cant buy any products even when they need them?


I do not say that this collapse will bring communism by itself, it will bring socialism because the government will be required to step in and take care of everything. If not it will be the end of the world with death toll which will dwarf all previous wars taken together and nobody will want that.

we already had similar event known as great depression which forced the government to intervene, but the population was very small at that time and it was not that bad as it is today because lots of people were working in the agriculture sector and they were not that dependent on Hi-tech stuff as today.
Even during the great depression, several million people died because of starvation in the US only now this death toll will be counted in billions if nothing will be done.

>Half of your posts describe some kind of future where communism rules and you can sit back and wallow in all the free art in an unfiltered Internet that communism lets you have, without anything more than wishful thinking to demonstrate how that might happen. That's about the exact definition of a utopia.




No, it is not what I describe. I told you that it will be same as soviet style system instead of private business, you will be working in the government job of some kind because all private business will be dead no big difference than today it will just change of the name that instead of some private investors who focus on profit everything will belong to government which will ignore profit motive entirely and operate everything just to have job done.

This is not communism yet, but you can extrapolate where this can go.
I wonder if you have any other ideas on how this can be solved unless of course, we roll back everything population shrinks to less than a billion all technology is lots and we face new middle ages
in that situation, we should be more worried about the existence of internet than about its censorship.