Is this the end of capitalism? What happens when labor is replaced by capital? Is socialism the option as many are espousing or is there something else?
▶️ 3Speak
Is this the end of capitalism? What happens when labor is replaced by capital? Is socialism the option as many are espousing or is there something else?
▶️ 3Speak
The denomination "unit of labour" is fundamental underpinning of economy regardless of which age we are hovering around. The "ism" whether capitalism or socialism or any other ism is built on the top of labour. The purest form of any ism does not exist, because that is not sustainable. So in real practice a hybrid mix exist albeit the tendency differs and tilted to one particular ism.