The next Republican Presidential candidate is already guaranteed to appear more likable, more sane, more Presidential by virtue of following this fiasco of a cycle.
Neither sides candidate will look better in the next election cycle, what will look better is someone from further outside the current establishment. If we have learned anything from this election, with the rise of Donald Trump and Bernie Sanders, is people want real change and are so desperate for that change, they are willing to run down the equally failed paths of Fascism and Socialism. That does not bode well for the US, both paths lead to societal upheaval, and a further erosion of basic rights.
If Competitor A is cutting costs through automation (and lowering prices), Competitor B will have to do so as well or find a way to distinguish their products enough to justify higher prices. This is true even if Competitor B is privately owned.
Yes, economics does win out. I was pointing out the inevitability, based on our current system of regulations and laws guiding US corporations. The publicly traded companies have no choice in the matter.
The reason I bring this up, is it is highly probable that Europe will go first down the rabbit hole of rioting, police crack downs, and nationalism first. Which gives the US politicians a one or two year lead to come up with a plan. With the current politicians, I have zero in the way of faith that they will do the right thing, they will pass the buck down the road, not do what is needed, and then over react with the worst policies imaginable.
Hopefully this collapse occurs 12 years from now, when the revolt against the uni party that is in power now, has crashed and burned due to millennials aging into the voting population. We might have a chance if they are all voted out, a slight one, but a chance none the less.
The huge problem is we have publicly traded companies, that will be forced to go down this route by the boards. Which means it is inevitable, that it will occur. If they do not they fail.
The largest and most powerful companies on the planet in 10-20 years are the ones that goes full stack automation on mining, recycling and manufacturing. The cost benefits alone will make this happen, not to mention the ego's that come into play when dealing with multinationals.
In the end I am not sure which of the 12 scenarios are going to occur. The most likely outcome, after a period of readjustment (reads riots due to unemployment and other factors) is a GBI Guaranteed Basic Income and capitalism that slowly moves towards something Star Trek like. Either that or a plague is released that kills of 90% of humanity. Take your pick of which one you want ...
It has merit, but only tells part of the story. People who work in a specific trade that gets automated may be put out of work, but technology also creates new industries that would not otherwise be possible, and may not have been conceivable before the new tech took hold.
In this case that analysis is wrong, we have already seen lights out factories for car engines, transmissions, and many other things. In China FoxConn is replacing the majority of their factory workers with robots over the next 10 years. There are plans to automate the production of robots, the owner of Rethink Robotics drop a bomb shell a couple months back, his plan was/is to have robots building robots. (to quote C3PO, robots building robots, madness!) We have more manufacturing in the US than we did a few years back, but we have more machines building things.
Tesla is head down the fully autonomous route, every 2 years they are upgrading their factory automation, the estimate is in less than 8 years they will be able to increase production as much as they want, without increasing the number of employee's. And in less than 10 years start decreasing the number of employees.
The Tesla Gigfactory will for the next several years require large amounts of people, interesting thing though, when the deal signed with Nevada begins to expire, is the same time the automation allows for massive reduction in the number of employees. I guess it pays to be a forward thinker and understand the path technology is headed on.
How is this not the equivalent of a phone company recording your phone conversations without a warrant, and how does this not violate wiretapping laws? Deep packet inspection allows them to see what you are saying on blogs, in messaging web apps, etc, if it is not encrypted via https.
Do you want to know why people like this site and others like it, and why the following here is so large?
Sites like TechDirt take press releases and news stories full of corporate and political double speak/lies/utter and complete bullshit, remove the untruths and distraction, and leave us with something approximating the truth. Which is a breath of fresh air, in an age of corporate owned media outlets, all of which are either biased toward one side of the political spectrum or the other, or have agendas.
When you've got numerous government agencies that care more about their ability to gather intel or make their jobs easier than the safety and security of the public
Most of the time it is defense contractors and security firms selling the government a bill of goods, in an attempt to sell services or products (software) to them. The intel communities around the world believe, that more information is better, and that is not the case. The more information you have, the less likely it is that you will find anything of value due to false positives. In the end government electronic snooping makes us less safe not more.