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Author: Dwdonhoff Big gold star, 5000 posts Top Favorite Fools Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 461765  
Subject: Re: Mish nails it this time.... Date: 2/24/2013 7:25 PM
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Hi Harmy,

Regardless of whether robotics displace workers in China, Drachten or the US there are no winners because no taxpayers means there will be no money for welfare or Defence etc . Taken to its obvious conclusion there will be social unrest, increased crime rates and a plethora of unspecified ills for society to digest.

If I may bring it back to Macroeconomics;

I expect this to lead to investable opportunities as;
1. Lengthening life expectancies continue to spread globally
2. Retreating birth rates continue to spread globally
3. Poverty withdraws regionally, and concentrates in culturally regressive pockets
4. Technology continues power distribution in spite of the state's grasps to recover (that genie's permanently escaped the bottle,)
5. Power continues to transfer from nation states to commercial states
6. Ideological "kingdoms" will be defined less by geography, and more by technology, knowledge and skill. The "nationals" of Microsoft will live among the "nationals" of Walmart, Goldman Sachs, Cracka Cola, JPM Chase, Exxon Mobile, et. al.

The loss of $5/week cell phone assembly jobs will be looked backwards upon the same as we look today at the loss of the job class of human street sweepers and lamp lighters. Its a terrible tragedy... for about 30 days (per person, as nothing stops across all lines on the dime...) then the world adjusts.

Luck out there!
Dave
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