Number of Unemployed continues to climb worldwide

More than 200 million without jobs: Number of Unemployed continues to climb worldwide Thursday, January 12, 2017 (Translated summary of German language NTV report) The tendency is clear, and experts are alarmed: there more and more people are unemployed worldwide – alone in this year three million more. Hundreds of millions more work under insecure…

Resource-based Economy – a World Without Money

How Technology can free human beings A 10 minute clip from the movie Zeitgeist: Addendum. (see below) Jacques Fresco explains his ideal world that incorporates a resource-based system: Current capital systems are by their very nature fascist and exploitative. Up until now, human labor has been necessary in order to provide products and services, but…

A “Nightmare-Inducing Robot”

Robots replacing jobs? Boston Dynamics Has a New “Nightmare-Inducing” Robot. Boston Dynamics founder Marc Raibert calls it “a nightmare-inducing robot,” and like many of Boston Dynamics’s creations, it is a bit frightening. But the company appears to have a useful purpose for it in mind. The video shows it handling a series of different, heavy objects…

Advances in technology undermining capitalism

In an interview with Business Insider, Lord Turner said: “We have an economic malaise where the capitalism system is not delivering as well or to enough people to maintain its legitimacy.” Unlike past technological revolutions that created more and better-paying jobs than they destroyed, this new revolution of digitalization and robotics threatens to create fewer…