> >Or are you sugesting that as more and more of the economy becomes
> automated
> >less and less people are needed both as employees and consumers. So at
> this
> >point one must ask why is their an economy at all if it isn't there to
> serve
> >the people? What is the point of a business if there are no
> >customers?
>
> *I* am not suggesting this. Dunno about James Rogers.
> As the economy becomes automated, we will all be able
> to buy and use more or improved products.
Again, *how* will people be able to but and use more or improved products
when those products are being made almost completely with human labor?
Your points on stock devaluation are well taken, but you have yet to
demonstrate how the free-market can alleviate those people who are
permanently automated out a job. The automation process is accelerating
faster than people are capable of re-training. So as you said, if you are
not suggesting that people become superfluous what are they going to do to
survive besides begging or stealing. If you can't answer this with adequate
demonstration, then you have yet to meet the challenge that I proposed at the
very beginning of this thread.
Paul