BERNSTEIN: China's insane spending on robotics is fundamentally changing capitalism
Oscar Williams-Grut for Business Insider: Analysts at global investment manager Bernstein believe the "age of industrialization is coming to an end," with robots set to destroy manufacturing jobs globally.
That may not sound seismic. After all, the industrial revolution happened hundreds of years ago and manufacturing jobs have been the minority of all jobs in the West for decades. But Bernstein is arguing that the nature of capitalism is undergoing a fundamental change.
Analysts Michael W. Parker and Alberto Moel argue that Adam Smith's Wealth of Nations, the foundational textbooks of economics, is becoming redundant because of two trends: the rise of robotics and China's modernising economy. Cont'd...
Featured Product
3MP HDR IP69K Camera for Robotics & Autonomous Vehicles
STURDeCAM31 from e-con Systems® is designed to make robotics and autonomous vehicles safer and more reliable. Powered by the Sony® ISX031 sensor and featuring GMSL2 interface, this compact 3MP camera delivers 120dB HDR + LFM imaging with zero motion blur — even in the most challenging outdoor conditions. Engineered to automotive-grade standards, STURDeCAM31 is IP69K certified, making it resistant to dust, water, vibration, and extreme temperatures. With support for up to 8 synchronized cameras, it enables powerful surround-view and bird's eye systems on NVIDIA® Jetson AGX Orin™.
