The world isn't full of Dell Computers. This year's tomatoes are grown based on last year's demand or this year's demand for out-of-season import tomatoes. There's a time delay and someone gets stuck with the risk, belly-up if demand collapses.
If automation beyond a point actually decreases demand for the outputs, then its self-limiting.
Yes, but it will grow and then self-limit into an equilibrium state where humanity has a much lower real standard of living because it can't "earn" the output it's easily capable of producing.
If automation beyond a point actually decreases demand for the outputs, then its self-limiting.
Yes, but it will grow and then self-limit into an equilibrium state where humanity has a much lower real standard of living because it can't "earn" the output it's easily capable of producing.