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[–]EthnocratArcheofuturist[S] 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (2 children)

You're basically describing intrinsic obsolescence. It's why the price system will never be truly efficient. And running the economy like a machine is possible now.

[–]casparvoneverecBig tiddy respecter 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (1 child)

And running the economy like a machine is possible now.

Nowhere close. Machines can't do the job of an engineer, doctor, financial analyst, or lawyer. Even if those roles are somewhat filled by advances in algorithms, the role of a researcher, scientist, and creative artist can never be filled by machines. They are simply not capable of that.

What I'm talking about is something more total.

Imagine a country where mining, agriculture, metal refining, machine building, industrial production, quality control, supply chains, power, R&D, distribution....everything is done by machines under the control of a central AI. Humans essentially do nothing except politics, defense, or arts.

In that economy, you'd have a truly perfect pricing system as you wouldn't have to pay anyone wages or seek any profit at all. That's certainly not possible today and I doubt it ever will be. Heck, they couldn't automate plumbers and electricians, forget engineers and doctors!

[–]EthnocratArcheofuturist[S] 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (0 children)

I said running the economy. Not automating literally everything.