A economic crisis is close...

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And a major one at that... Industries in China are begining to replace their workers with robots because it's cheaper.
http://io9.com/chinas-manufacturers-are-shifting-towards-zero-labor-fa-1702000971
As industries replace their workers with robots to rise their auctions dividends and the insane salaries of their CEOs, a large part of the population will suddenly be without money and the industries will have less peoples to sell their products, as a result stores will close down from lack of sell laying down more peoples. The ensuing economic crisis will most likelly be major.
China, being a country very dependent of manufactring industries, may end to undergo a revolution; with a little chance it may result in a democracy, or perhaps sadly another dictatorship...

The Luddite fallacy.

The only people who lose out from automation are the owners of the factories, really. No-one is going to buy stuff from them they can have made in a local micromanufacturing workshop.

China also costs more than Viet Nam. They have flooded the world with cheap goods, trashed their air, water, land, and while we move from bubble to bubble, this is their first. Recession will be the end of them. They have to grow 8% a year to stand still.

The United States has been on the verge of an Economic Crisis since the end of the Great Depression. Every years there are dozens of books published on how to survive the imminent utter collapse of our economy. If you held your breath for that to happen you would turn blue and faint.

ruveyn

I can understand why this would be a problem but at the same time, I would rather have a robot than a human do some of those godawful tasks because they are so demeaning to the human spirit. I would tell the workers to find their souls because somewhere they have been lost. They are worth so much more. I say bring on the robots for those hideous chores.

Where there's a will there's a way and you don't have to exist as a human robot.

You can use robots for many forms of manufacturing, but those industries still employ more humans.

Auto uses robotic arms for wielding, steel molds casting, and other dangerous activities.
Yet they employee hundreds of thousands of workers in the U.S. alone.

Some robotic technology exists in building buildings and mining, but it hasn't replaced or displaced human labor.

China's problem is quite simple, they are heavily dependent on manufacturing and government spending to keep the economy growing and stable.

Manufacturing has started to move back to the West for high end goods and to countries such as Laos, Vietnam, Bangladesh, Thailand, Cambodia and even to Africa for low end goods.

The reasons for this are the fact that energy prices have exponentially increased, while IP protection and other economical costs have risen in China.
For high end goods, it's cheaper to produce them in your home country and pay your citizens good wage then deal with all the legal issues and shipping costs in countries like China.
This is why companies such as Apple are moving their product lines back to the U.S. (Apple builds iMac, Mac Pro and others currently in the U.S. and plans to move the rest over within the next few years, despite opposition from shareholders and investors).

For low end goods, Chinese regulation and the cost of labor has risen exponentially causing these manufacturers to move to cheaper countries.

There is also a rising demand for domestic produced goods in the West.

Also Chinese culture like India's is based on community and family goals and success.
You are highly shamed and discouraged for breaking the mold and trying something new and unproven, this can even lead to you being shunned by family and society.

You are highly encouraged to follow in the footsteps of others and do what family and community expects of you, even if it isn't what you want or are good at. You are also encouraged to improve upon someone's ideas instead of innovating or inventing. You are also expected to save money instead of spending it on wants and non necessities and give part of your money to community and family instead of investing or saving it.

Anyways China is rapidly cooling and the Chinese government is preparing for sub 3% economic growth by decade's end.
To prevent this, China would have to liberalize it's economy, currency and government to allow for free market capitalist economy.
The Chinese government doesn't want to give up it's control and knows the full well the economic consequences of their decisions.

China is most likely heading into a period of stagnation...

I for one look forward to the coming war between men and the Brotherhood of Machines, and plan to enlist in the Brotherhood's Misanthropic Bio-Auxiliary.

So, in your opinion the type and severity of the threats of economic collapse has not changed since the GD?

Are the doomsayers nowadays worried about the exact same issues as the doomsayers of the 50's or the 70's?

Read the Artilect Wars by Hugo de Garis if you dig that kinda sh*t. It is fascinating.

3D printing is closing in on the Replicator.

Farming robots made to produce on a half acre could change things.

Since when has the economy not been a mess? We live on lies.

Our last innovation was the digital computer, the rest has been applications.

Our oil politics, kill them all, take the oil, has lead to a glut, that will get worse. The ocean floor is covered in Hydrates, with more forming.

Our problem is excess population, and that has always been the case. War was the usual answer.

Who's economics? International giganicorp or the homestead? There is a stack of Derivatives larger than all money that ever existed. Wealth is numbers on paper that can vanish, fortunes are lost on bad bets, The Market Cap of WorldCom, Enron, vanished. We are still here, and will be when the Petro Dollar falls.

All paper money has become worthless, then they print some new money.

Consumer demand is falling. One smart phone replaces computers, watches, phones, and a Gameboy.

Producer and consumer are closer, through Amazon, or Ebay.

China has tested 3D printing of houses, with robot assembly. Throw in a Rice growing bot, a silk worm bot, and they can sit around for a hundred years. The current generation will have short lives.

America has forty years of old war babies coming. They own the money, property, vote, and are not the brightest and the best.

It has been worse.

What will the CEOs and venture capitalists be spending their money on?

I'll have to check and see if I can get a copy through a library.

This is not true. The whole point of automation is to increase efficiency and reduce the labor force. Before going back to school, I did automation for about 20 years. My automation projects NEVER resulted in more jobs.

The last tech job I had was working for a family owned business that shelled and packaged pecans.

When I got there, the business was seasonal, operating from September to January. During 'the season' they would employ about 200 people--sorting pecans (separating shells from meat) and packaging them.

I was hired to redesign the shelling lines and incorporate electronic/bichromatic sorting machines. When I was done, output of the sorting plant increased by about 400%, and production was year round, BUT we only employed about 25 people.

The remaining jobs were better and more stable, but that's cold comfort to the 175 people who got laid-off.

perfect example

"bread and circuses" will be the lesser evil, relative to national intifada, mass incarceration and extermination.