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Comment on Job creation: Where are the startups?parent

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>>If - clearly arguing by absurdity - there is so much machinery and automation that it takes 1% to feed, clothe and house the population - then one might ask - from where does the machinery and automation come from? It must be designed, created, maintained and operated. In order to be constructed, it has to be financed, the risk has to be taken, potential rewards have to be postponed.

Your entire argument is underpinned by two basic assumptions :

1. Human labor will always be required to develop goods and maintain infrastructure

2. The number of individuals required to fulfill #1 equals or exceeds the global pool of working age individuals

Neither of the above are certainties.

>>In short, what you're trying to describe is some type of utopia - a vision which has lead to the death and suffering of millions. It's dangerous thinking and I would urge you to become more educated in this area.

Your line of reasoning is reactionary. While I too am quite the fan of free market capitalism, this doesn't mean it is the only possible sustainable system of human growth & cooperation. It's a current economic reality, not a religion.

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