Isn’t lower GDP inevitable if automation pushed the value of everything closer and closer to zero? And assuming UBI gets done, isn't that progress? #capitalism #automation @ChunkaMuihttps://www.forbes.com/sites/chunkamui/2020/07/27/laws-of-zero/#3c9e440d5ae6 …
Neither GDP nor automation have anything to do with the "value" of products, only their cost. Automation won't depress product costs if increased efficiency is used to increase profit margins. As long as automation costs money, and profits are taken, zero isn't achievable.
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Value - Embedded labor. Price is just price. As value tends to zero, so too should price. But thats a social. not economic imperative. As Amrx said, the “social relations” or production hold back the economic “forces" of production
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