• Post-Capitalist Society Home
  • Slouching Towards Dystopia
  • The Excellent Situation

The Rise Of The Robot Economy

A New Epoch of Social Revolution

  • Home
  • About

Blockchain

May 7, 2016 by Admin Leave a Comment

Another technology with the potential to disrupt capitalist financial systems.  

Filed Under: RoR

From openDemocracy: The Robot Economy May Already Have Arrived

February 20, 2016 by Admin Leave a Comment

The robot economy may already have arrived FRANCESCA BRIA 20 February 2016 But the austere response to rapid technological advances is resulting in increased polarisation and precarity. What are we going to do about it?   In order to understand both where we are going and why we are witnessing the disappearance of good jobs […]

Filed Under: RoR

Elon Musk’s OpenAI Project

December 28, 2015 by Admin Leave a Comment

Elon Musk’s OpenAI Project

Elon Musk has been described as the real-life inspiration behind the superhero character of Tony Stark from the Ironman movie franchise. He is the CEO and founder of SpaceX, and co-founder of Tesla Motors and PayPal, among other things. He has been an outspoken critic of the potential dangers of Artificial Intelligence, describing it as […]

Filed Under: Artificial Intelligence, RoR

Amazing! Conversation Between Robots – The Hunt for AI – BBC

December 3, 2015 by Admin Leave a Comment

Watch these robots learn to recognize themselves, evolve their own language and begin to communicate with each other.

Filed Under: Robots, RoR

On the Origin of (Robot) Species

August 29, 2015 by Admin Leave a Comment

This post originally appeared on the University of Cambridge ‘s Research News site: Researchers have observed the process of evolution by natural selection at work in robots, by constructing a ‘mother’ robot that can design, build and test its own ‘children’, and then use the results to improve the performance of the next generation, without […]

Filed Under: Robots, RoR, Uncategorized

The Robo Brain Project

August 29, 2015 by Admin Leave a Comment

The Robo Brain Project is a multi-university, open-source project to create a massive online knowledge-base which robots around the world can connect to in order to share what they have learned with each other — a kind of Wikipedia for robots. Ashutosh Saxena of Cornell University is the project lead. In this video he explains the […]

Filed Under: Artificial Intelligence, RoR, Uncategorized

China’s New Five-Year Plan: A $154 Billion Rise of the Robots

August 22, 2015 by Admin Leave a Comment

China’s New Five-Year Plan: A $154 Billion Rise of the Robots

  China’s Pearl River Delta (PDR), the largest urban area in the world in both size and population, has been called the “factory to the world.” (Link to an economic profile here). It is a megapolis linking nine major cities into one huge economic region. In 2013 it accounted for nearly 10% of China’s entire GDP, and employed […]

Filed Under: Robots, RoR

AAAI’s Twenty-Ninth Conference on Artificial Intelligence

August 20, 2015 by Admin Leave a Comment

  The Association for the Advancement of Artificial Intelligence held its twenty-ninth conference in January 2015 in Austin, Texas. Sponsors of this event included Microsoft, Google, IBM, Yahoo, Baidu, and Infosys, among others. The purpose of the conference was to “promote research in artificial intelligence and scientific exchange among AI researchers, practitioners, scientists, and engineers […]

Filed Under: Artificial Intelligence, RoR

IBM’s Watson

February 23, 2015 by Admin Leave a Comment

IBM’s Watson

  IBM’s term for Watson is Cognitive Technology — think of what that terminology implies. Cognition refers to the psychological result of perception and learning and reasoning. Perception, learning, reasoning, this is a really big deal if we are talking about machines actually doing this. This is a game changer. Speaking of changing the game, check out […]

Filed Under: Artificial Intelligence, RoR Tagged With: jeopardy, watson

Rethink Robotics

February 23, 2015 by Admin Leave a Comment

Rethink Robotics

Photo of Baxter courtesy of Rethink Robotics Forget losing jobs to China or Mexico, this guy works for about $1 an hour and can be employed at that price right here in the United States. Although best suited to a limited range of tasks Baxter and his little brother Sawyer will only improve over time. […]

Filed Under: Robots, RoR Tagged With: baxter

  • 1
  • 2
  • Next Page »

Something To Think About:

At a certain stage of their development, the material productive forces of society come in conflict with the existing relations of production....From forms of development of the productive forces these relations turn into their fetters. Then begins an epoch of social revolution.

- Karl Marx

The bourgeoisie cannot exist without constantly revolutionizing the instruments of production, and thereby the relations of production, and with them the whole relations of society.

- Karl Marx and Friedrich Engels

Race Against The Machine:

While the foundation of our economic system presumes a strong link between value creation and job creation, The Great Recession reveals the weakening or breakage of that link. This is not merely an artifact of the business cycle but rather a symptom of deeper structural change in the nature of production. As technology accelerates on the second half of the chessboard, so will the economic mismatches, undermining our social contract and ultimately hurting both rich and poor...

Erik Brynjolfsson and Andrew McAfee, Race Against The Machine: How the Digital Revolution is Accelerating Innovation, Driving Productivity, and Irreversibly Transforming Employment and the Economy

From Foreign Affairs Magazine:

In a free market the biggest premiums go to the scarcest inputs needed for production.
In a world where capital such as software and robots can be replicated cheaply, its marginal value will tend to fall, even if more of it is used in the aggregate. And as more capital is added cheaply at the margin, the value of existing capital will actually be driven down.

- Erik Brynjolfsson, Andrew McAfee, and Michael Spence
Labor, Capital and Ideas in the Power Law Economy
Foreign Affairs Magazine, July/August 2014

From the National Bureau of Economic Research:

In short, when smart machines replace people, they eventually bite the hands of those that finance them.

- from the working paper "Robots Are Us: Some Economics of Human Replacement"

On the Lighter Side:

For following joke is attributed to cosmologist Stephen Hawking:

Scientists finally achieve the creation of a strong AI system capable of more computational power than all human brains combined.
The first question they ask it is, "Is there a God?"

The AI responds, "There is now."

Creative Commons License
Original articles on postcapitalistsociety.net are licensed under a Creative Commons Attribution-ShareAlike 4.0 International License.

Copyright © 2025 · News Pro Theme on Genesis Framework · WordPress · Log in