On June 15, 2012, Jon Bardin writes in the Los Angeles Times that researchers have built a robot to learn simple vocabulary just by having a conversation with a person. This is a fascinating article that is a must read.
This is a component of third industrial revolution which harnesses technological innovation and invention in the form of “intelligent” machines, superautomation, robotics, digital computerized operations, etc. applied to producing products and services.
The exponential impact of the third industrial revolution requires that our economic structure be reformed to connect ALL Americans with private, individual ownership of the non-human factor of the means of production.
Particular questions need to be raised about the impact of the third industrial revolution. What are the social consequences of ongoing technological unemployment within our current economic system? How do we handle such a situation when this process is inevitable with the ongoing emergence of machine automation and new technologies taking over repetitive jobs?
The question that requires an answer is: how are all individuals to be adequately productive when a tiny minority (capital workers) produce a major share and the vast majority (labor workers) a minor share of total products and services, and thus, how do we get from a world in which the most productive factor—physical capital—is owned by a handful of people, to a world where the same factor is owned by a majority—and ultimately 100 percent—of the consumers, while respecting all the constitutional rights of present capital owners?
http://www.latimes.com/news/science/la-sci-robot-learns-language-20120616,0,6160481.story
