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Recent content by mtguy8787

  1. M

    Technology and Unemployment

    fair enough
  2. M

    Technology and Unemployment

    - Provide a list of companies nationalized by the US govt. They represent a tiny fraction of the economy. The burden is on you to prove your claim. - What the general public refers to as a free market and what economists refer to it as are two different things. What I talked about was...
  3. M

    Technology and Unemployment

    Good lord you are ignorant. No economic theory starts with a preamble "in a completely free market, so and so". People with economic understanding generally understand what people are referring to when they talk about the free market. Apparently this does not apply in discussions with you, as...
  4. M

    Bruce Caldwell endorses Axiomatic Economics

    ITT, the OP makes a fuss about "Hayek Worshipers", who hardly represent any significant portion of economists or serious students of economics.
  5. M

    Technology and Unemployment

    I addressed this common fallacy in the previous post. It has been repeated so often that it has become cliche. A free market is not a homogenous entity, where it is either free, or not. Market freedom exists on a continuum, and yes, for the entire history of the U.S. the market has been...
  6. M

    Technology and Unemployment

    I was referring to the gap between the increase in productivity, and the increase in wages, not the Gini coefficient. When using the Gini coefficient, there are a number of things you have to consider. - Consumption inequality is arguably more important than wage inequality. - Measures of...
  7. M

    Technology and Unemployment

    If you want to talk about human influence, talk about consumer demand -- because that is what drives business to do what they do. What I said what that its meaningless to talk about what would happen in a hypothetical scenario, if that scenario is not going to happen. As said before, it is...
  8. M

    Technology and Unemployment

    The definition of exploitation is unfair practices. You have to define criteria for what is unfair, and what is not. In your example, the person is coerced against their will. In a voluntary market exchange, neither is coerced. I would argue that all voluntary exchanges (assuming that they...
  9. M

    Posthumanism, and The Singularity

    I don't know why people believe in the Singularity. Supposing that machines can be built that can replicate full human cognition, as well as imagination, intuition, creativity, and sapience -- is 100% speculative. We have no understanding of what these things actually are -- nor what...
  10. M

    Technology and Unemployment

    You completely miss the point -- using the term "exploitation" requires you to arbitrarily define criteria for what is fair and what is not. Apples and oranges. Neoclassical labor theory is not "highly theoretical". Ethics has nothing to do with it. Motives are irrelevant in the free market...
  11. M

    Technology and Unemployment

    If people's nominal wages increase, and then purchase more while production has not increased, prices will simply rise...... Increasing demand cannot increase production, as you claim -- this is completely illogical. People purchasing more cars does not somehow make a new and more efficient...
  12. M

    Technology and Unemployment

    Define "exploitation". This is typically used in a highly ambiguous way, and typically rests on the idea that businessmen are somehow cheating people out of what they are worth. Saying that the poor should be helped is one thing. I personally advocate empowerment and providing opportunity...
  13. M

    Technology and Unemployment

    If this was true, then why has the share of wealth of the top 1% remained steady at around 35%, despite there being significantly lower taxes on the rich since 1986? If capitalism makes people slaves to the rich, then why have we not become slaves since the industrial revolution? Your theory...
  14. M

    Technology and Unemployment

    As I touched on in a previous post -- this is generally not true. Look at the items around your house. How many of these have companies playing up image in the way that Nike does? Besides clothing and acessories, there isn't much.. You can't exploit unless there is already an underlying...
  15. M

    Technology and Unemployment

    False. http://www3.nd.edu/~jsulliv4/Inequality3.6.pdf
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