Originally Posted by Guest

In defense of Obama - nyti.ms/1Kjln9W

But, back to Bernie.

In defense of Bernie's Socialism - bit.ly/1Kjly5l

I'd like to suggest Capitalism is the problem now. It worked well as we've progressed through numerous economic revolutions. Before the agricultural revolution, 90% were involved with farming, today it's probably less than 9%. The industrial revolution created new jobs and fuel prosperity. Capitalism managed all this very well.

We're now in the Digital revolution and it'll be different. It explains the last few decades of stagnant wages with all the rewards from productivity improvements going to the 1% (as Bernie says). Everywhere I look I see a future of limit opportunity for human skills and labor. Consider self-driving vehicles. Truck Driver is the #1 job in the country, they are all vulnerable. Clearly, the future will be Uber-like companies providing Transportation-as-a-Service. Ultimately, we won't own private vehicles. With transportation available on-demand, it won't be cost effective to own tons of steel-on-wheels, just sitting around 23 hours a day. The implications are incredible. For example, manufacturers will need a new business model for fewer sales and no dealerships. Mechanics and service stations will be part of the transportation companies. Existing mass transit gets replaced. Big city parking garages? On and on....

Autonomous vehicles are just one example. I can't even imagine the potential for 3D Printing & Production. Given all that, I think it's fair to extrapolate the future of Capitalism as an economic model with all wealth ending in the hands of an elite few. As Bernie Tweeted (bit.ly/1KjlEtE), we're well along this path, the wealthiest 14 saw their wealth increase by $11,000,000,000 each over the last few years.

This is the final leg of Capitalism. The end result is full economic control and ownership by a limited few. The distinction from Communism is that Communist control is a single dictator. That's my argument for Bernie's Socialism. We're all in this together, Socialism provides a foundation for a free Democratic society.