The capitalists can’t automate away labor. That’s the whole fundamental limitation of the capitalist mode of production. The higher your “organic composition of capital”, the lower your profit rates (for the industry as a whole). The organic composition of capital is the ratio of constant capital (buildings, machinery, robots, energy) to variable capital (human wages).
The more the capitalists try to escape having to pay wages through automation (or escape competition through monopoly), the more they dig the graves of their whole class.
In a practical sense as well, China leads the world in robotics because you need a vast government system to produce highly skilled engineers, reliable/cheap utilities and an industrial policy to generate demand for automation.
The capitalists can’t automate away labor. That’s the whole fundamental limitation of the capitalist mode of production. The higher your “organic composition of capital”, the lower your profit rates (for the industry as a whole). The organic composition of capital is the ratio of constant capital (buildings, machinery, robots, energy) to variable capital (human wages).
The more the capitalists try to escape having to pay wages through automation (or escape competition through monopoly), the more they dig the graves of their whole class.
In a practical sense as well, China leads the world in robotics because you need a vast government system to produce highly skilled engineers, reliable/cheap utilities and an industrial policy to generate demand for automation.