IF ROBOTICS COULD SOLVE TODAY'S PROBLEMS...

By Mauro Marturano

...we wouldn't be seeing wars today, and we wouldn't be seeing chaos one day after another.

The first problem we are facing today, in order of magnitude, is that the enormous monetary mass in circulation, pumped out over decades, can no longer be fully converted into physical goods AT NORMAL PRICES — if they took gasoline to €100 per litre, then yes, but that cannot happen because otherwise the whole thing would blow up — and now it cannot even be converted into a small fraction of those goods.

And the evidence that this is the case is given to us by... our present.

To those who answer me, "Yeah, but in the future..." I say: at this rate of monetary depreciation, you won't make it to the future.

To solve the problem, assuming — and certainly not conceding — that anyone actually wanted to solve it, we would have to:

  1. Make the growth rate of real production significantly higher than the growth rate of the money supply.

Pure utopia.

But assuming this scenario could actually happen, it is obvious that if, starting today, robots could — and I strongly doubt they could — increase real production exponentially, assuming — and certainly not conceding — that we did not abuse the money printer again, then yes, the problem would be solved.

  1. Reduce the value of money.

Which is exactly what is happening.

  1. Reduce the number of people who are able to convert money into real goods.

Is that happening?

I'll give it the benefit of the doubt: this is an aspect my brain simply refuses to consider.

The utopia of point 1 lies in believing that those who currently hold the power to create money and make everyone else run around would simply give up that power.

That said, as I said above, if we had genuinely reached the point where we wanted to rebalance the world through robotics and an increase in real production — production that acts as the underlying foundation for money — then we certainly wouldn't be seeing chaos today.

Because the solution would already be robotics, and there would be no need to think about anything else.

If, instead, we are thinking about something else — point 2 and perhaps point 3 — it means that scenario 1 is either not really being considered, or is not entirely sufficient to solve the imbalance, or simply cannot solve it at all and is just... yet another promise we like to hear because we are a bunch of deluded idiots.

I’ll conclude by saying that, if we understand robotics as one of the mechanisms being pursued to “save the day,” then I can agree. But all of these are mechanisms (COVID, vaccines, wars, AI, climate change, green policies, nuclear power, crypto, changing the monetary unit of measurement, “green,” and robotics as well) created to solve a fraud. This has to be the first thought, because if we don’t understand this, then we simply don’t understand the cause-and-effect relationship between events.

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