And, a recent tour of one of the Asian powerhouse’s vehicle plants has proved this beyond a shadow of a doubt, at least to Honda President and CEO Toshihiro Mibe.

“We have no chance against this,” Mibe said upon a visit to a Shanghai parts factory, commenting on its seamless automation across all levels of production. Logistics, procurement and all aspects of the process were so automated, in fact, that he did not spot a single human worker on the supplier’s floor.

Ford executives saying even three years ago that China was way ahead of the game

Toyota’s CEO has likewise said regarding not just his company, but the industry in general, “unless things change, we will not survive”

  • Dr. Moose@lemmy.world
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    1 day ago

    To be fair, the kind of capitalism you’re talking about is/would be heavily regulated

    Any system ought to be. There’s no system that you can just let loose and have it self correct for itself, that’s a fairy-level of a delusion. People are very smart and will always figure out how to game a system.

    In other words, a non-intelligent system will always be conquered by an intelligent participant, always.

    Where capitalism extremists do delude themselves here is that “capitalism can be a sufficiently intelligent system” (the invisible hand) if it defers intelligence to game-theory level competition: because we all check ourselves we end up low-key giving intelligence to the system. Unfortunately this is just impossible to stabilize without unified borg-like society where everyone plays under this unified system but it also doesn’t mean there isn’t value of introducing some intelligence to the markets under intelligent supervision.

    • imahappyguy@lemmy.world
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      1 day ago

      I believe any intelligent system will be corrupted, or manipulated for greed. It’s why I believe in complete anarchy. A complete lack of state and authority. All beings equal, all provided what they need. And everyone works with their unique skills for a better future.

      Adding intelligence doesn’t make it any better. It just makes the system more exclusive for the powerful. It’s a higher barrier to entry. But the entry is still there.

      We both believe in utopias. And we both hope for systems in which human beings aren’t the most vile creatures on earth.

      It was a pleasure conversing with you and many blessings to you.