THE AUTOMATED ECONOMY
The Automated Economy
Copyright © 2012 Isuru Abeysinghe
This book is an analysis of the economic systems that persist today and the potential impact of automation and robotics with relation to addressing the shortcomings of the economic model. In this book I will first explain the core premise of the structural aspects of economic modeling and then propose a possible future whereby the economic model is severely modified to account for the impact of automation (either organically or through central planning.) I will present a discussion concerning the impact, benefits and risks associated with this scenario.
The current economic model is based on two fundamental drivers – natural resources and human labor. The concept of money is simply a mechanism that addresses the equilibrium between these two primary factors, mechanizing the supply and demand against a backdrop of global relativism. Human labor can be thought of not simply as the availability of constructive resources, such as mining or agriculture, but also the availability and willingness of regulatory and political resources. As technology becomes more sophisticated the potential for removing human labor out of the equation becomes increasingly attainable – but the moral, social and cultural impacts of such a progression will present many challenges.
PART 1: ECONOMIC GOALS
ROLE OF THE ECONOMY