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this is ggmania.com subsite Stephen Hawking Says We Should Really Be Scared Of Capitalism - TechAmok

Stephen Hawking Says We Should Really Be Scared Of Capitalism - [briefly]
12:50 PM EST - Feb,26 2016 - post a comment

Machines won't bring about the economic robot apocalypse -- but greedy humans will, according to physicist Stephen Hawking. In a Reddit Ask Me Anything session on Thursday, the scientist predicted that economic inequality will skyrocket as more jobs become automated and the rich owners of machines refuse to share their fast-proliferating wealth.
If machines produce everything we need, the outcome will depend on how things are distributed. Everyone can enjoy a life of luxurious leisure if the machine-produced wealth is shared, or most people can end up miserably poor if the machine-owners successfully lobby against wealth redistribution. So far, the trend seems to be toward the second option, with technology driving ever-increasing inequality.


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