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...

Comments (0)

This post does not have any comments. Be the first to leave a comment below.


Post A Comment

You must be logged in before you can post a comment. Login now.

Featured Product

MICROSCAN: READ AND VERIFY BARCODES INVISIBLE TO THE NAKED EYE

MICROSCAN: READ AND VERIFY BARCODES INVISIBLE TO THE NAKED EYE

Space, or the lack of it, can be a challenge when placing barcodes or Data Matrix symbols on components. However, readable barcodes are critical to component traceability, time/date stamping, work in progress (WIP) tracking, and recall management. MicroHAWK UHD smart cameras can decode very small and difficult-to-read barcodes, including Data Matrix two-dimensional (2D) symbols and direct part marks (DPM). Users can rely on the MicroHAWK UHD to read symbols with an x-dimension almost invisible to the naked eye!