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See, that’s what the app is perfect for.

Sounds perfect Wahhhh, I don’t wanna
bambamramfan

Anonymous asked:

Is there any phrase that discredits someone more quickly than "late-stage capitalism"?

sadoeconomist answered:

Well, I’m sure there is but I can’t think of any right now.

It’s a shibboleth for people who are not just anti-capitalist but dialectical materialists, which is the Marxist equivalent of millennarian religion. It’s like hearing someone say that we’re living in the End Times, you know that there’s not going to be a lot of productive dialogue with someone after that.

They’re like a secular version of the Millerites, they keep predicting an apocalypse that never happens. You’ve really got to question what part of their personality draws these folks to a doomsday cult, and you’ve got to question their reasoning ability when their predictions have failed to come true over and over and yet they still stick to their same doctrines.

isaacsapphire

I honestly thought it was a joke.

thathopeyetlives

It is sometimes used to refer to the kind of capitalism we have right now, where such things as the Laborpocalypse do seem to be looming rather high. 

sadoeconomist

What do you mean by ‘Laborpocalypse’ exactly

I was going to guess you were referring to Tony Blair returning to politics but that’d be a ‘Labourpocalypse’

thathopeyetlives

By “Laborpocalypse”, I mean economic/techological/social developments that collapse labor relations as we know them. 

The conventional example would be the appearance of robots that can do enough tasks cheaper than human workers that there is little hope of keeping the unemployment rate under, say, 80%. 

sadoeconomist

Man, I was really hoping you weren’t going to say that, I don’t want to have the Neo-Luddism argument again

If you want my opinion on what’s wrong with that idea send me an ask, otherwise let’s just leave it at ‘I disagree’

bambamramfan

I don’t think the term Late Stage Capitalism is about the oncoming labor apocalypse so much as “given decades to feed its own recursive cycle, capitalism looks a lot different now than it did in Marx’s time when industrialization was just coming to fruition.”

Primarily, it’s about the opinion that a lot more wealth production is in finance and sales than in the “making stuff” sectors. It’s also about soaring inequality and anomie, and alieving those are a result of unfettered capitalism for so long.

So in late stage capitalism, a really smart kid… aces their SATs, moves across the country to go to an Ivy League, after graduation moves to working at an investment bank, and spends most of their money on New York rent, ethnic cuisine, and electronic products manufactured in China. Is this an improvement over them staying home and just being an effective manager of the family banana stand chain? Who can say. 

discoursedrome

man now I want to see the neo-luddism argument

someone needs to make, like, a Museum of Arguments.

bambamramfan

Is it not The Worst Mistake In History?

mitigatedchaos

I don’t think that’s the one SE has in mind, though.

I think the one SE has in mind is that you cannot have all three of the set { High Artificial Intelligence, Humans, Capitalism } at once, so you must sacrifice one.  Otherwise, Humanity gets washed away by the Robot Jobpocalypse.

For true-blooded Capitalists who view Capitalism as a system tied into morality itself, believing in property rights and free association and the like as being inherent elements of morality rather than purely contingent ones, it’s a fundamental challenge to one’s worldview.  Kind of like a very large collective action problem, like climate change, which has a very high payoff for individuals defecting.

Of course, “Neo Luddism” implies sacrificing “Artificial Intelligence” rather than “Capitalism”, which would represent an enormous cost in terms of lost future wealth.  You already know my response, which is to slowly sacrifice larger chunks of “Capitalism” over time.

Source: sadoeconomist capitalism robot jobpocalypse