Is Goldstein correct that technology can never stop inequality?

MrHausman

Companies like Amazon and Apple have been notorious for exploiting workers (Foxconn factory in China, Amazon lobbying against the homeless bill in Seattle). While they release product that wow us with their efficiency, they exploit lower-income workers to do so. This makes them pretty damn terrible.

MrHausman

Social media has only made it easier to A) manipulate classes against each other and for companies with large amounts of money to buy and place manipulative content in order to control the less informed

CYDdharta

Why would we want to stop inequality?

MayCaesar

I think it is the opposite, and here is why. Improvements in technology lead to improvement in efficiency. But since richer people can afford more complicated technology, and more technology in terms of quantity, the efficiency of their labor increases more than that of the poorer people. This leads to exponential increase of inequality over time. Ultimately, people who have not adapted to the changing economical conditions and have not assembled enough capital to be able to purchase the newest technological products - will effectively be removed from the market, possibly leading to a sudden decrease in inequality... But the process will repeat itself afterwards, and so on and so on.

Which is a good thing in my book. The day inequality disappears from the society will be the day the progress will end. And lack of progress means cultural and technological death.