More about capitalism and about National Vanguard..

[amin...@gmail.com]

Hello,


More about capitalism and about National Vanguard..

I have just read the following article from a white supremacist website
called National Vanguard:

Why Capitalism Fails

https://nationalvanguard.org/2015/07/why-capitalism-fails/

And it is saying the following about why capitalism fails:

"Capitalism permits inheritance, the command transfer of private property to a designated new owner upon the death of the previous owner. And therein is the flaw: inherited wealth isn’t earned by its owner, yet it leads to a class segregation of men that has nothing to do with how much wealth they have earned; i.e., nothing to do with how much or how well or how significantly they have worked."

I am a white arab and i think i am smart since i have invented many scalable algorithms, and i will answer with my fluid intelligence:
I think the above article is not taking into account the risk factor and
and the smartness factor, so there have to be mechanisms, that are
like engines, that "encourage" to or/and "make" a part of the people work by taking risks or great risks and by doing there best (so that to become rich) or/and that encourage the smartest to give there best with there smartness (so that to become rich), so i think capitalism has those mechanisms in form of rewards by allowing to become "rich" and in form of rewards by allowing inheritance, the command transfer of private property to a designated new owner upon the death of the previous owner: Since it "encourages" to or/and "makes" a part of the people work by taking risks and by doing there best (so that to become rich) or/and it encourages the smartest to give there best with there smartness (so that to become rich) .

And the above article is saying the following:

"Capitalism constantly looks for ways to reduce labor costs. Automation made human labor less necessary than it had been when capitalism first appeared. When automation did appear, people who had the talent, the skills, and the motivation to make contributions began to find no jobs, or to become uncompetitive with mass-production if they tried to employ themselves."

I think it is not true, because read the following:

https://singularityhub.com/2019/01/01/ai-will-create-millions-more-jobs-than-it-will-destroy-heres-how/

And read the following:

Here is the advantages and disadvantages of automation:

Following are some of the advantages of automation:

1. Automation is the key to the shorter workweek. Automation will allow
the average number of working hours per week to continue to decline,
thereby allowing greater leisure hours and a higher quality life.

2. Automation brings safer working conditions for the worker. Since
there is less direct physical participation by the worker in the
production process, there is less chance of personal injury to the worker.

3. Automated production results in lower prices and better products. It
has been estimated that the cost to machine one unit of product by
conventional general-purpose machine tools requiring human operators may
be 100 times the cost of manufacturing the same unit using automated
mass-production techniques. The electronics industry offers many
examples of improvements in manufacturing technology that have
significantly reduced costs while increasing product value (e.g., colour
TV sets, stereo equipment, calculators, and computers).

4. The growth of the automation industry will itself provide employment
opportunities. This has been especially true in the computer industry,
as the companies in this industry have grown (IBM, Digital Equipment
Corp., Honeywell, etc.), new jobs have been created.
These new jobs include not only workers directly employed by these
companies, but also computer programmers, systems engineers, and other
needed to use and operate the computers.

5. Automation is the only means of increasing standard of living. Only
through productivity increases brought about by new automated methods of
production, it is possible to advance standard of living. Granting wage
increases without a commensurate increase in productivity
will results in inflation. To afford a better society, it is a must to
increase productivity.

Following are some of the disadvantages of automation:

1. Automation will result in the subjugation of the human being by a
machine. Automation tends to transfer the skill required to perform work
from human operators to machines. In so doing, it reduces the need for
skilled labour. The manual work left by automation requires lower skill
levels and tends to involve rather menial tasks (e.g., loading and
unloading workpart, changing tools, removing chips, etc.). In this
sense, automation tends to downgrade factory work.

2. There will be a reduction in the labour force, with resulting
unemployment. It is logical to argue that the immediate effect of
automation will be to reduce the need for human labour, thus displacing
workers.

3. Automation will reduce purchasing power. As machines replace workers
and these workers join the unemployment ranks, they will not receive the
wages necessary to buy the products brought by automation. Markets will
become saturated with products that people cannot afford to purchase.
Inventories will grow. Production will stop. Unemployment will reach
epidemic proportions and the result will be a massive economic depression.


And to know more about economy and capitalism, please read my following thoughts:

https://groups.google.com/forum/#!topic/alt.culture.morocco/wlJu5j1xhPk


And read more of my thoughts of my political philosophy here:

https://groups.google.com/forum/#!topic/alt.culture.morocco/8j-rboLzi38


Thank you,
Amine Moulay Ramdane.