I read Vivek Wadhwa’s July 27 column “The capitalism we need for our jobless future” with much interest.
I found his apparently unquestioning embrace of capitalism quite curious given that he essentially closes having painted a picture of our possible future where all goods are cheap and all are provided the means necessary to survive and thrive, thanks to benevolent robots.
This seemed quite reminiscent, not of capitalism but of Marxism and its slogan “from each according to his ability, to each according to his need.”
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I am less concerned about the survival of capitalism and fear more for our liberal democracy. Even now it faces grave threats in the form of corporate personhood and staggering income inequality, which could just become worse in the brave new world ahead.