TAILIEUCHUNG - THE AUTOMATED ECONOMY

The first and most fundamental role of the economy is to make goods and services accessible to the populace. Human beings have inherent needs and wants and the ability to satisfy those needs and wants through financial might is what we would normally term as “standard of living.” While any high school economics teacher will point out that “standard of living” is not necessarily synonymous with “quality of life” - a concept that can bring together many non-economic factors such as happiness or feelings of acceptance with society – it can not be disputed that a person who is. | THE AUTOMATED ECONOMY By Isuru Abeysinghe SMASHWORDS EDITION The Automated Economy Copyright 2012 Isuru Abeysinghe INTRODUCTION This book is an analysis of the economic systems that persist today and the potential impact of automation and robotics with relation to addressing the shortcomings of the economic model. In this book I will first explain the core premise of the structural aspects of economic modeling and then propose a possible future whereby the economic model is severely modified to account for the impact of automation either organically or through central planning. I will present a discussion concerning the impact benefits and risks associated with this scenario. The current economic model is based on two fundamental drivers - natural resources and human labor. The concept of money is simply a mechanism that addresses the equilibrium between these two primary factors mechanizing the supply and demand against a backdrop of global relativism. Human labor can be thought of not simply as the availability of constructive resources such as mining or agriculture but also the availability and willingness of regulatory and political resources. As technology becomes more sophisticated the potential for removing human labor out of the equation becomes increasingly attainable - but the moral social and cultural impacts of such a progression will present many challenges. PART 1 ECONOMIC GOALS ROLE OF THE ECONOMY When people talk about a healthy economy the general case is they are speaking from a position of personal self-interest. Value judgments are always being made concerning the state of the economy and in modern times that issue has surfaced as one of the most important political factors influencing society. The economy should be there to serve all and yet different segments of the society will always have diametrically opposed interests. A person who fills the role of an employee would always like to see a low unemployment rate since a low unemployment means

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