Henry Ford (allegedly a Capitalist) thought he should pay his employees enough that they could afford to buy the cars his company produced.
Businesses ultimately need customers. In a world where AI does all the work, there will be no buyers.
Businesses ultimately need customers. In a world where AI does all the work, there will be no buyers.
https://www.cbsnews.com/detroit/news/henry-ford-implements-5...
The strategy for institutional investors is to invest in servicing the needs of the already rich, at the expense of investing in companies that serve working people. The former is much more profitable than the latter, and the latter is becoming less profitable over time.