Friday, June 15, 2018

Utopia and technology

Click here to access article by economist David Ruccio from his Occasional Links & Commentary website. 

I've recently experienced the new digital technology while re-settling in another area of the country, and had considerable difficulties with it. Although it offers conveniences, I think that American companies are overdoing its introduction in an effort to reduce payroll expenses and to enhance profits. Digital technology is used by owners to reduce the normal complex interactions between their workers and customers into very narrow digital categories without workers. This is another illustration of how benefits from advances made in any field in a capitalist society always go to the rich ruling class and often at the detriment to workers and the general public.

Anyway, in an effort to keep up with latest technological developments, I thought this explanation about blockchains might clarify the subject for you and me.