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The Science Thread

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Have you ever wondered how Physicists are able to measure how much thrust an ICBM produces? After all they have to design and build it to successfully go into orbit - and get it right.
It seems that a key factor in this process is creating an enormous EXACT series of weights that can be used to discover have much force is being created in a situation.

Enter the the worlds heaviest weight. 1million pounds broken down to 20 x 50,000lb units accurate to .0005%.
Gets really fascinating when they talk about adjusting the pile for the difference in gravitational force at the site and the effect of displacement of air which in fact makes the pile more buoyant - and adjustments have to be made accordingly.
 
Gringotts Bank said:
But there's no stopping it. Oh no.
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There is no stopping it but it has to be managed or it will cause the economic system to collapse.

If a large proportion of the workplace is put out of work, who will be able to afford to buy the goods and services produced by the bots ?

Governments will have to tax the machines and give the money to the consumers.
 

If you saw what I saw yesterday the next phase of automation/robotics is upon us. And Aussie developed too.
 
SirRumpole said:
There is no stopping it but it has to be managed or it will cause the economic system to collapse.
Click to expand...

Generally for most of history as automation takes jobs in certain industries, more new industries pop up and people can earn money.

If a large proportion of the workplace is put out of work, who will be able to afford to buy the goods and services produced by the bots ?
Click to expand...

Firstly, unemployed people will get a base level welfare.

But you are missing the point here, business and the economy has never been about "Money",

money is just

1, a unit of account,

2, a medium of exchange

3, short term store of value

The point of business is not to "make money", its to produce goods and services which can be traded with other produces of goods and services for the things we need and want.

Employees are currently part of the supply chain, so they get a cut of the production.

Governments will have to tax the machines and give the money to the consumers.
Click to expand...

The machines will have owners, the production of the machines belongs to the owners of the machines, the owners will be taxed on their production just as they are now.

The owners of the capital will have an ability to either pay a larger share of their production in tax because they won't have as many employees to share it with creating more tax dollars or they can reduce prices, putting products and services into the economy much cheaper, hence lowering the cost of living.
 
SirRumpole said:
Why do you invest ? To make money or just for the thrills ?
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Both, But "Money" is only useful because it can be traded for a product or service.

It's the products and services produced in an economy that are the real source of value.

I mean if you couldn't spend the money you earn whats the point of it? you wouldn't want money, you would look to exchange your products directly with other producers, because its their products you really want.

Every one in business only wants money because it is the medium of exchange that we use to get products and services from other producers, or we can use it to buy means of production (invest) so that we can get more products and services accruing to us later,

Money is just a credit note.
 
Value Collector said:
Money is just a credit note.
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Of course, but that doesn't detract from my point that the economy depends on the circulation of money.

For every good or service produced there has to be someone willing and able to buy it, otherwise the good or service goes unused and the provider of that service loses money and may go out of business.

Unless we go to a totally socialist economy, money going around keeps the economy going.
 
SirRumpole said:
Of course, but that doesn't detract from my point that the economy depends on the circulation of money.
Click to expand...

No, it depends on the circulation of goods and services, it's just at this current time, Money is what we use for the medium of exchange and the unit of account. Currencies can come and go.

By the way I am not saying we are going to get rid of money, just that the key to a strong economy is a strong system of goods and services production.

For every good or service produced there has to be someone willing and able to buy it,
Click to expand...

Off course, thats how it has always been. When you own a system that produces a lot of a certain product or service, you trade the excess with other produces to get a range of different products you need and want, we call this buying and selling and currently use money as the medium of exchange.



otherwise the good or service goes unused and the provider of that service loses money and may go out of business.
Click to expand...

This happens all the time in business.

But if a group of investors owned a really efficient Egg laying operation, all managed by robots, do you really think he would have trouble selling their eggs?

I mean the people that owned the Bread factories, butter factories, baked bean factories, the bacon producers, the providers of transport, warehousing, clothing, airline seats, cars, haircuts, massages, surfing lessons, tea, coffee, and a million other products and services in demand from the egg producers.

All the other industries listed above all would want the egg producers eggs, and the egg producers will trade their eggs (via the market, using cash) to secure the products and services they need.

they don't need employees, they just need other producers producing products and services that can be traded.
 
Tisme said:
If you saw what I saw yesterday the next phase of automation/robotics is upon us. And Aussie developed too.
Click to expand...

Go on then. What did you see?
Or is this a teaser and we have to guess what sort of awesomeness you're involved with?
 
Value Collector said:
they don't need employees, they just need other producers producing products and services that can be traded.
Click to expand...


You are saying that a small group of factory owners using only machines with no employees can keep businesses going amongst themselves without selling to a mass market and where unemployment is around 100% ?

Please give examples of where this has happened.
 
SirRumpole said:
So what was it ? An automated Christopher Pyne ?
Click to expand...

Poor old Chris will be lucky to survive the preselection scrap heap next election.

I'm not sure I can divulge what it is, but I'll ask the gyrogearlooses if there is any commercial inconfidence problems next week
 
If you want to see what a future with widespread automation looks like check out "Humans" . Outstanding series that hypothesis the development of highly effective robots that look and and act human.

The crunch comes when they gain consciousness..

Humans (TV series)
From Wikipedia, the free encyclopedia
Humans
AMC official website www.amc.com/shows/humans
Humans (stylised as HUM∀NS) is a science fiction television series that debuted on 14 June 2015 on Channel 4 and AMC. Written by the British team Sam Vincent and Jonathan Brackley, based on the award-winning Swedish science fiction drama Real Humans, the series explores the themes of artificial intelligence and robotics, focusing on the social, cultural, and psychological impact of the invention of anthropomorphic robots called "synths". The series is produced jointly by AMC in the United States, and Channel 4 and Kudos in Britain.

Eight episodes were produced for the first series, which concluded on 2 August 2015. The second eight-episode series premiered in the UK on 30 October 2016 and concluded on 18 December 2016. A third series was commissioned in March 2017 and is set to premiere in 2018.

https://en.wikipedia.org/wiki/Humans_(TV_series)
 
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