Automation now supplants economic activity more than it supports
it. Furthermore, this process is fueled by enormous economic
forces, which intensifies dependence on automation and spawns other
sociological consequences. Of these consequences, fraud generates
the highest immediate losses, amounting to $300 billion annually.
In the long run, however, the greatest economic cost will occur
through loss of jobs, and a lowering of net skills for most of the
balance. Other consequences include pervasive invasion of privacy,
and overdependence on technology at the expense of developing
critical reasoning, judgement, and a personal sense of
responsibility. Fortunately, many of these consequences could be
ameliorated by automated countermeasures that offset the excesses.
Unfortunately, it usually takes a crisis to institute fundamental
reform, though the looming economic meltdown stemming from the
mounting federal debt offers just such an opportunity.
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